As Injective Protocol makes preparations to unveil its testnet futures protocol, submissions are open for our first Market Idea Competition. The derivatives market and the DeFi space have both reportedly evolved exponentially over the past year. With the emerging technological innovations, the public now has a glimpse of the boundless potential a derivatives market presents. For example, the trading volume of decentralized exchanges reportedly grew 70% in the middle of 2020, setting a record high of $1.52 billion. In addition to this, the anticipated ETH 2.0 community testnet is likely to make waves in the DeFi space. This marks a momentous time of changes in the cryptocurrency world, and this is only the beginning. As such, it is a valuable opportunity for the community to engage and exchange ideas that would benefit us and the community as a whole.

Participants are invited to draft a proposal for an innovative market idea that could be introduced in the future to the DeFi space. These proposals will be reviewed and critiqued by notable blockchain and cryptocurrency professionals as well as expert market makers. All participants are open to make valuable contributions to the DeFi community by using creativity and innovation through this Market Idea Competition. The best proposals will be selected and potentially turned into reality on the Injective Protocol exchange.


It is our mission to help the DeFi community progress and adopt creative, decentralized derivatives products. The purpose of this competition is to generate interest among the broader population and industry leaders in new, disruptive, and advanced market ideas.


Submission Deadline: August 24th, 2020



Participants in this market idea competition must be at least 18 years of age and ideally would have sound knowledge of basic economics, financial markets, blockchain, and the current business trends in decentralized finance. Submitted works must be original and adhere to requirements against plagiarism.

To participate, the submitted work must include the following:

Participants are free to use any citation format as they please. The recommended format for submission is a Times New Roman font in the font size 12. Submissions should be about 2 to 3 pages maximum in length.

Please save your file in a PDF format and upload it onto a cloud service of your choice (Google Drive, Dropbox, OneDrive, etc), and complete this Injective Protocol Market Idea Competition Entry Form on or before the deadline August 24th, 2020.

Judging Panel

Judging Criteria

1. Financial & technical robustness and thoroughness (40%)

Identify the index price as well as the maximum update interval that is ideally suited to your market idea. Extra credit will be given to participants who are able to find the index price API and data entry.

If the market proposed can be hedged or repeated to be risk neutral, the participant should conduct an in-depth analysis using a formal and structured model to guide traders and market makers to price derivatives and provide liquidity.

The participant must demonstrate the ability to understand NPV calculations and address the following issues: How is profit and loss calculated? Are there expiration/settlement, funding rate, or other key market parameters in play? What is the safe initial and maintenance margin ratio range?

2. Analysis quality (35%)

3. Creativity (25%)

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Official Rules and Legal Disclaimer:

Reference Materials

It is highly recommended that participants read through all the published material from Injective Protocol from the links below and generate a unique interpretation and vision.

A Brief Guide On Designing a Derivatives Market:

As a starting point, there are a few markets that can be explored that would prove useful for the creation of market ideas.

For crypto native markets, topics that could be worth looking into are the Ethereum hashrate, yet-to-launch tokens, perpetuals, and the stablecoin market.

For those more interested in looking into the traditional financial markets, reading up on the markets for T-bond, gold-crypto, and equities would be one of the ways to go.

For those who want to dip their feet into prediction markets, the possibilities are endless. Some of the predictions that can be used are movie box office results, results from sporting events, and even e-sports.

About Injective Protocol

Injective Protocol is the first layer-2 decentralized exchange protocol that unlocks the full potential of decentralized derivatives and borderless DeFi. Injective Protocol enables fully decentralized trading without any restrictions, allowing individuals to trade on any derivative market of their choosing. Injective Protocol is backed by a prominent group of stakeholders including Pantera Capital, one of the most renowned venture capital firms in the world, and the leading cryptocurrency exchange, Binance.

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