INJECTIVE NEWS: INJ, HELIX NEW LP REWARDS, MITO LAUNCHPAD & MORE!!
Hi Ninjas!
Welcome to the Injective ecosystem news roundup, here are the top stories in Injective in the 1st half of November:HAPPY BIRTHDAY INJECTIVE: Two years ago the Injective mainnet was released on the 8th November 2021, introducing the fastest L1 built for finance
LP REWARDS: The largest Helix upgrade so far, what is it? What are the current available rewards? How to participate? All the information that you need to know is in this video
MITO LAUNCHPAD: One-click platform for fundraising and listings, for which users is already available? How to get a larger allocation size? Watch this video to learn everything about the new Mito Launchpad
HELIX GUILDS: Earn prize pools trading as a team, learn all the details in this video
New Injective dApps, tech updates, events and much more in this episode, and now for today’s top stories:
Tech
Currently there are three VM environments for blockchain developers that are proven: the Ethereum EVM (or inEVM on Injective), the Solana SVM (or inSVM on Injective) and the Cosmos CosmWasm. There is only one L1 chain that supports all these three VM interconnecting the Ethereum, Solana and Cosmos ecosystems. And that chain, you guessed it right, it’s Injective. In other words, Injective is the only L1 where Ethereum, Solana and Cosmos developers can seamlessly build together.
Catalyst AMM has integrated the Injective inEVM layer. This now allows for the first time interoperability between Scroll ZKP, the native zkEVM, Cosmos and rollups built on Injective. A new era of interoperability between the zkEVM and Injective environments has begun.
Helix news
Helix announced LP rewards which is its largest upgrade so far. Helix traders in just one click can LP and earn rewards. During the round 1 there were 1k INJ and 10k TIA tokens as rewards. In the current round 2 lasting until December 14th there are 500 INJ and 4k TIA tokens as rewards. The first market that enabled LP rewards was TIA spot market through spot grid trading. For information, Spot Grid Trading Bots is an automated trading bot that uses a series of orders to buy and sell an asset within a predefined price range. To find and access the currently available Reward campaigns on Helix you can click the Liquidity and Rewards tabs. Based on the volume generated by your bot, you will be able to claim token rewards at the end of each campaign.
During the initial trading of Celestia TIA, Helix was beating Binance and all DEXs in TIA liquidity, this is really impressive. Also, following the previous launch of TIA pre-launch futures now PYTH pre-launch futures are also coming soon to Helix, allowing access to Pyth Network markets before exchange listing, and this is only possible on Helix. Stay tuned Ninjas for the PYTH/USDT pre-launch Perpetual Futures Market Launch.
Helix announced trading competitions as a team called Helix Guilds. From November 20th, Helix users can either join a guild or create their own guild to compete and trade as a team. For the highest ranked teams there will be prize pools to share. The current Guild season is from November 20th until December 4th with 1k INJ and 10k TIA as prize pool.
There are several other exciting Helix updates. Native USDT via Kava has arrived in the Injective ecosystem and the BTC/USDT and ETH/USDT perps pools are now live on Helix. Moreover, Helix crossed $14 billion in cumulative volume, and this is just one month after the $1 billion cumulative trading volume was reached around a month ago.
Ecosystem news
Mito consists of the automated strategy vaults for passive yield but also of the token launchpad. For now, the Mito Launchpad will be available for users who completed earlier Mito Missions and later it will be available to more users. In summary, Mito Launchpad is a one-click platform for fundraising and listings. The total amount you can subscribe into a launchpad project is determined by the amount of INJ that you stake. For example, if you stake a large amount of INJ you will be able to subscribe for a larger allocation size. Then, once you have subscribed, your INJ tokens will be locked temporarily and there are three possible outcomes when the subscription period ends. One outcome is Perfectly subscribed, meaning that the total INJ subscribed is equal to the amount the project is seeking, in this case the next phase starts to claim tokens. Another outcome is oversubscribed, in this case users will be able to claim also the unused INJ. And the third outcome is undersubscribed, in this case the launchpad would end and all the users can claim their INJ.
Great news since Injective has been integrated with the Binance Web3 wallet. This now allows a seamless wallet experience to interact with INJ and the Injective ecosystem.
A new GameFi project, called Ninja Blaze and built on Injective, went live with a testnet.
In celebration of the second anniversary of the Injective mainnet launch, 3 new dApps are launching on Injective. Gryphon, supercharging LSDs, Aeroscraper bringing the next generation of lending and NexBit network, which is an innovative betting protocol.
Community news
There was an amazing Injective DevConnect event in Istanbul, Turkey. Ninjas, Injective validators, friends and builders met and shared a great time together building a stronger community.
Great news for Injective ambassadors. The Ninja Ambassador Portal was launched and now Injective ambassadors can track their progress, earn rewards and more.
Conclusion
And that is all for today’s Injective ecosystem bi-weekly review so if you enjoyed it Ninjas remember to click that like button, subscribe button and bell icon too. Remember that we are now securing Injective as a validator in the active set, so if you would like to support our Injective content you can stake some INJ with Cosmic Validator. Thank you so much for reading and I’ll see you Ninjas very soon in the next episode!
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