Injective is poised to launch Tesla futures trading on the Solstice Pro Testnet! This marks the first time in history that Tesla futures can be traded in an entirely decentralized setting.
Tesla is a rapidly growing Electric Vehicle company created by Elon Musk who recently became the wealthiest man on Earth.
The Tesla stock has also had a blockbuster year throughout 2020, becoming one of the best performing large cap stocks last year in the traditional markets. Tesla is by far the most traded stock by value on Wall Street, with $18 billion worth of its shares exchanged on average in each session over the past 12 months, easily beating Apple, in second place with average daily trades of $14 billion.
It is for this retail interest and high trading volumes that Tesla has been chosen by the community to be the first futures market on Injective.
The first Tesla future on Injective will be live starting now on the Solstice Pro Testnet.
Expiration Date: March 26, 2021
Over the coming weeks a number of new stock futures will be added on Injective so stay tuned!
Injective is the first cross-chain protocol built for decentralized finance applications. On the Injective exchange, anyone can access, create, and trade unlimited DeFi markets such as futures and perpetuals. Developers can also build cross-chain Ethereum-compatible projects that are lightning fast and achieve instant transaction finality. Injective is backed by a prominent group of stakeholders including Binance, Pantera Capital and Mark Cuban.