INJECTIVE NEWS: HELIX 2.0, HYDRO, INJERA, KAKERU & MORE!!
Hello, ninja traders and Injective enthusiasts! Welcome to your swift slice of the Injective ecosystem news. This May has been packed with action — new protocol upgrades and community events have our ninja community on the edge of their seats! Let’s unsheathe the latest insights and sneak into the shadows of innovation that keep Injective on the cutting edge. Ready your shurikens, and let’s dive in!
A busy week for the Injective community as the Injective Ecosystem gets Binance Pay Integration, launches Helix 2.0, introduces Kakeru and Injera, and more. Your one-stop newsletter for the Injective Ecosystem covering new dApps, tech updates, milestones, events, airdrops, and a bunch of other updates in this episode, and now for today’s top stories
Helix news
Helix 2.0 is live. This marks a new era in the Injective DeFi ecosystem as 2.0 is packed with a range of innovative features, including novel RWAs, to enhance user experience and broaden trading capabilities.
Helix 2.0 introduces perpetual futures for 2 commodities and 2 forex. Commodities: Decentralized Gold (XAU) and Silver (XAG) and Forex: Decentralized Euro (EUR) and Pound (GBP).
Ecosystem news
Binance Pay has officially integrated INJ, allowing millions of users globally to make payments and shop using INJ. You can book flights, hotels, and more using INJ, enabling mass real-world access for the Injective holders.
Kakeru, the latest liquid staking and lending protocol on Injective, has overhauled its user experience and is launching a new stablecoin, iUSD, to bootstrap liquidity within the Injective ecosystem. Users can stake INJ and get nINJ, which can be used to mint iUSD. Kakeru also has a feature for liquidation bidding.
Exotic Markets has announced the launch of a new functionality: “Buy Vanilla options” on INT/USDT and other token pairs. Exotic Markets is one of the fastest growing options and derivatives infrastructure on Injective. Exotic has confirmed a free option airdrop for holders of Injective Ninja pass, ExoNinja, etc.
Mercuryo is an all-in-one infrastructure provider for web3 projects. Mercuryo has integrated with Injective, providing users seamless on-ramp access to various dApps built on Injective. This integration supports a wide range of on-chain financial use cases, including DEXs, derivatives, RWAs, prediction markets, GameFi, NFTFi, synthetics, and lending.
Fireblocks, the world’s leading digital asset custodian, has integrated Injective to rapidly accelerate institutional adoption. Injective is now one of the first L1 blockchains to be natively integrated with Fireblocks, providing global institutional users with direct access to Injective and its decentralized applications.
Hydro is an Injective-native Liquid Staking and LSD DeFi Protocol. Users can maximize their yield with Real-Yielding Assets (RYA) and Farming offered by Hydro. This week, Hydro Protocol has achieved a significant milestone of minting over 2 million hINJ. This solidifies hINJ’s position as the leading liquid staking token (LST) on Injective, as Hydro reaches $121 million in TVL. hINJ provides 40.3% APR for staking, and with auto compounding, the APR goes up to 49.3%.
Injera is creating a highly capital-efficient synthetic dollar, USDi, on Cosmos, developed in partnership with DojoSwap. USDi is driven by Injera’s native CDP Money Market, which allows users to lock up collateral to generate USDi. This ensures the stability and value of the USDi by requiring over-collateralization, protecting against price volatility, and enabling lending, borrowing, and yield farming.
SA World is one of the leading GameFi platforms on Injective, with over 500,000 players. So far, 3 million SAE has been distributed. 6 million SAE airdrop goes through Harvest Heist, Injective’s exclusive Web3 Social Game. Harvest Heist is distributing 70% revenue share too. Injective community can use INJ to get Harvest Heist’s ASG tokens and redeem SAE tokens in the game.
The QuantumFi public testnet is now live. Quantum is a Yield-bearing Ecosystem offering NFT-gated yield Farming solutions on Injective. This is a novel approach with non-inflationary yields and guild staking. Users can experience the beta version of the Guild Staking feature. Currently, 2 pools are available, Ninja pool distributing INJ and Scientist pool distributing USDT with 180% APY for 15 days and 220% APY for 30 days.
Community news
Injective Labs CEO to Speak at Consensus 2024
Eric Chen, the CEO of Injective Labs, presented on the future of finance at Consensus 2024. This event is a great opportunity to gain insights into the evolving landscape of DeFi and how Injective is preparing to offer critical infrastructure for DeFi at scale.
Conclusion
Thanks for joining us on this stealthy journey through the Injective ecosystem! If you enjoyed our ninja-speed rundown of May’s hottest updates and events, show us your ninja moves by smashing that like button, dropping a stealthy comment below, and subscribing to stay sharp on all things Injective. Until next time, keep your trading swift and your strategies sharper. Stay stealthy, ninjas
Youtube video version: https://youtu.be/DtU2t1bGF5I?si=SP2HFsdNhG1tIOY6
Telegram group: https://t.me/CosmicValidator
Twitter: https://twitter.com/CosmicValidator
Website: https://cosmicvalidator.com
Business enquiries: info@cosmicvalidator.com
