Injective Protocol Launches World First Decentralized Stock Futures Trading In Partnership With Band Protocol, Terra, Mirror Protocol

Kevin Lu
Band Protocol
Published in
4 min readDec 24, 2020


Injective Protocol, the first layer-2 DEX that unlocks the full potential of decentralized derivatives and borderless DeFi, has partnered with Terra, Mirror Protocol, and Band Protocol to access the $90 trillion stock market in a permissionless manner. Creating a borderless decentralized derivatives platform for equities and commodities have been made possible with Terra’s synthetic DeFi platform, Mirror Protocol, and highly scalable and secure decentralized oracle provided by Band Protocol.

Purchasing traditional stocks is highly restrictive to individuals residing in countries without the proper regulation or services for market access. Looking at popular retail brokerages, there is a disconnect with incentives for participants and brokers due to information asymmetry as well as trading fees or commissions which tend to be quite high. Most importantly, centralized entities hold custody of all user funds which means traders must forfeit control over their holding and place all trust into these centralized platforms to perform their jobs honestly without being compromised by prevalent issues such as outages and hidden fees.

“We are excited to be working with titans in the blockchain sector such as Band Protocol, Terra, and Mirror Protocol as we launch stock futures trading. This will undoubtedly help lead to a paradigm shift in decentralized derivatives trading.”
Eric Chen, CEO of Injective

Injective is designed to be the core platform for any and all markets worldwide. Band Protocol is proud to help Injective achieve a major milestone by expanding support into traditional equity markets. With the stealth collaboration beginning a few months ago, Band Protocol has been integrated to deliver low-latency and truly decentralized price oracles for various stocks that update every 15 seconds and are consistently optimized to increase redundancy and security via multiple institutional-grade data providers.

“We’re entering a significant new phase for DeFi, particularly cross-chain DeFi, where porting TradFi assets onto permissionless blockchains augments their characteristics with composability. Collaborating with Injective and Band Protocol, we envision DeFi consisting of decentralized derivatives markets that reflect any TradFi asset side-by-side with crypto — fueled by the accessibility that blockchains afford a global set of users.”
Do Kwon, Co-Founder and CEO of Terra

Band Protocol is one of the first teams to deploy smart contracts on Injective Chain using the Cosmos-SDK — this brings a decentralized oracle to not only stock derivatives but also developers looking to build on Injective and access reliable external data sources or APIs. Earlier this month, Mirror Protocol integrated Band Protocol to provide highly accurate and reliable stock price feeds upon launch to enable synthetic stock creation. With over $100M in total value locked in Mirror, we are uniting with Injective to provide 24/7 access to stock future trading with zero gas fees and uninterrupted access to global stocks from anywhere in the world.

The release will begin with the trading of Tesla, Airbnb, Google, and Amazon. Over the coming weeks, we will be adding a number of new markets to the platform as well.

“Creating and shipping cutting-edge DeFi products requires a highly flexible architecture on all layers including blockchain platform and most importantly, oracles. Band Protocol partnering up with Terra and Injective Protocol to provide access to stock future trading unifies all three marketing leading innovators in decentralized platforms, applications and security.”
Soravis Srinawakoon, CEO & Co-Founder of Band Protocol.

The teams at Band Protocol, Mirror, and Injective share a common ethos to further democratize opportunities within the financial sector. Band Protocol will continue to work with Injective as part of this strategic alignment to continue adding support for new stocks, indices, ETFs, and other unique derivatives. With the help of Band Protocol and Terra, we are collectively confident in Injective’s ability to deliver a never-seen-before and unparalleled derivatives trading experience for everyone globally.

About Band Protocol
Band Protocol is a cross-chain data oracle platform that aggregates and connects real-world data and APIs to smart contracts. Blockchains are great at immutable storage and deterministic, verifiable computations — however, they cannot securely access data available outside the blockchain networks. Band Protocol enables smart contract applications such as DeFi, prediction markets, and games to be built on-chain without relying on the single point of failure of a centralized oracle. Band Protocol is backed by a strong network of stakeholders including Sequoia Capital, one of the top venture capital firms in the world, and the leading cryptocurrency exchange, Binance.

Website | Whitepaper | Telegram | Medium | Twitter | Reddit | Github

About Mirror Protocol
Mirror Protocol is a DeFi protocol powered by smart contracts on the Terra network that brings price exposure to real-world assets on-chain. Bridging DeFi with traditional markets, Mirror introduces mAssets — synthetics that can be held in fractional amounts and transacted without involving real assets, while maintaining open access and censorship resistance. Though developed by Terra, Mirror is a decentralized protocol from the onset, with all decisions determined by on-chain governance.

Website | Docs | Github | Medium | Telegram | Discord | Twitter

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.

Want to learn more about Injective? Join us via the channels below!

All Social Links | Telegram | Medium | Twitter | Discord



Kevin Lu
Band Protocol

Co-Founder @GMIStudios | Previously OG @BandProtocol