Today we are launching the very first synthetic commodity market on Injective.
We are excited to tap into the rapidly growing synthetics market with the addition of gold on the Solstice testnet. Users can now trade gold perpetual markets with up to 20x leverage.
We have recently released a number of digital asset markets, which you can read more about here. Enabling the trading of gold demonstrates just how limitless and diverse markets on Injective can truly be. The price oracles we utilize enable real-time feeds which further allows traders to trade gold 24/7 on Injective.
We have chosen to begin with the introduction of gold as it is currently one of the most highly traded assets worldwide. There was also significant interest from the community to see synthetic commodities when we released a survey to our community last month.
We are continuing to explore the addition of both new synthetic assets and new markets not available anywhere else. Our goal at Injective is to facilitate trading for every single available market globally. This will include digital assets, synthetics, and much more! We will also allow our community members to create and trade any market of their choice soon. This means Injective will quite literally offer unlimited options for markets to trade on without any form of restriction.
See you on Solstice.
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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