Injective is now on SushiSwap, which means that traders can now liquidity mine SUSHI tokens by locking up INJ. SushiSwap currently stands as one of the most popular DEXes in the market today with locked assets totaling over $1 Billion according to DeFi Pulse. This helps to dramatically expand the avenues for DeFi traders and enthusiasts to lockup INJ for yield.
Injective Protocol is the first layer-2 decentralized exchange protocol that unlocks the full potential of decentralized derivatives and borderless DeFi. INJ has already been listed on popular global exchanges such as Binance, Uniswap, and Upbit. INJ is also supported by Coinbase Custody. We have also listed on renowned local exchanges such as Coinone in Korea and WazirX in India.
SushiSwap is an example of an automated market maker (AMM). AMMs are decentralized exchanges which use smart contracts to create markets for any given pair of tokens. Launched in September of 2020, SushiSwap has taken the world of DeFi by storm as it was quickly catapulted by traders and yield farmers to become one of the highest volume DEXes in the world.
We’re excited to work with SushiSwap to bring fully decentralized derivatives trading to users globally. Both the team at SushiSwap and we share unique values with respect to expanding the reach of DeFi networks globally. We look forward to further accelerating our community growth via this listing.
In the coming months, we plan to carry out a number of major listings so stay tuned by subscribing to our official channels!
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.