Decentralized Exchanges (DEXs) are one of the most widely talked about topics in DeFi. They are considered to be the future of cryptocurrency exchanges as they relieve common problems such as lack of transparency in transactions and the risk of asset theft. On the other hand, user growth in DEXs is limited compared to centralized exchanges due to liquidity problems.
Injective Protocol is officially announcing this strategic cooperation with the dark pool, WOOTRADE. Through cooperation in the implementation of liquidity management, the design of crypto asset derivative products, and international corporate brand development, both sides will work together to win the DEX space by rapidly growing the user base.
WOOTRADE was incubated by Kronos Research, a leading quantitative investment research institution, and is funded by distributed capital from DFund, SNZ, Hashkey, as well as Vector Capital. The dark pool has a team with extensive experience in trading crypto assets and secondary assets. Injective Protocol’s derivatives protocol and technology-driven ecology can provide institutional traders, such as Kronos Research, with the ideal environment and conditions for the swiftest, most fair, and safe service of markets and products.
Injective Protocol is a decentralized peer-to-peer protocol that aims to enable fast and secure perpetual swaps, futures, leverage and spot transactions on Ethereum. To facilitate this, WOOTRADE will provide a transaction depth of 100 BTC with a spread of 0.05%. This liquidity stems from the in-depth aggregation of major exchanges and the support of quantitative investment research institution Kronos Research for market-making strategies. Kronos has a daily transaction volume of $1 billion. In order to provide sufficient liquidity, WOOTRADE will also provide a low rate of 0% for connected exchanges, which saves hedge costs for exchanges. All in all, this collaborative effort will lead to a paradigm shift in the DeFi world.
About Injective Protocol
Injective Protocol is a decentralized transaction protocol based on the Cosmos-SDK and Ethereum network that integrates a verifiable delay function (VDF) to prevent transaction fraud and front-running. It is the first Layer-2 derivative DEX in the world to be incubated early by Binance Labs and is supported by other top-tier international investment firms.
The objective is to provide a fully decentralized peer-to-peer transaction experience by using Verifiable Delay Functions and cross-chain solutions. The aim is to become an effective platform for third-party developers, creators, and investment institutions by developing effective methods for community networks.
Our goal is to open financial derivatives trading in DEX space and enable secure, transparent, and trustless transactions, while lowering the entry barriers to investment.
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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