Injective
Published in

Injective

Injective Collaborates with AllianceBlock to Launch Decentralized Oil and Gas Futures

Injective is collaborating with AllianceBlock to launch decentralized oil and gas futures.

In traditional finance, oil and gas futures encompass a multi-trillion dollar market but have thus far been out of reach within the DeFi ecosystem. In the coming months, users will be able to access these derivatives on the Injective derivatives exchange with up to 20x leverage. This collaboration signifies a major step forwards towards achieving the development of a comprehensive bridge between the worlds of traditional and decentralized finance.

AllianceBlock is building a decentralized, blockchain-agnostic layer-2 protocol that automates the process of converting any digital asset into a bankable product. Led by a team of ex-JP Morgan and Goldman Sachs investment bankers, AllianceBlock seeks to bring further institutional adoption to crypto markets.

This collaboration will begin with the launch of oil and gas derivatives, but over time additional asset classes such as exotics will be explored by the community. AllianceBlock is also working to build out a data tunnel with some of Injective’s oracle collaborators such as ChainLink, which will aid in a much more seamless integration of quantitative financial data.

“At AllianceBlock, it is our mission to build the first globally compliant decentralized capital market, and this partnership with Injective Protocol is an incredibly important step towards achieving this goal. This is a great step towards enriching the derivative ecosystem, and in turn the next generation of investment banking infrastructure we are so proud to be developing. This collaboration will allow institutional traders to fully engage with the burgeoning DeFi ecosystem. This partnership is a notable development that will ensure the well-functioning of the derivatives ecosystem we are building and we are delighted to be enhancing our market position by partnering with Injective Protocol in pursuit of the development of this ecosystem,” said Rachid Ajaja, CEO and Co-founder of AllianceBlock.

Injective will enable AllianceBlock in generating new derivative products that currently do not exist in the ecosystem. This includes the potential creation of new crypto indices that can aid crypto investors in attaining exposure to new asset forms as a whole. This also helps AllianceBlock to source additional liquidity since they can now be traded on Injective’s pioneering fully decentralized derivatives exchange.

“We are thrilled to be working alongside the team at AllianceBlock. This enables us to further our mission in bridging together traditional finance with DeFi. Oil and gas futures are some of the most commonly traded commodities in traditional markets but have thus far been inaccessible within DeFi. On Injective, traders will now be able to trade these markets and much more on the first truly decentralized derivatives exchange,” said Eric Chen, Injective Labs CEO.

Injective has already added a number of innovative markets to its derivatives exchange, including yield farming derivatives and even stocks such as Tesla. Moving forward, Injective will also look to leverage AllianceBlock’s innovative impermanent loss hedging product to expand our derivatives trading ecosystem.

Injective community members look forward to building out this collaboration as they continue to explore new avenues for increasing institutional adoption of DeFi.

About AllianceBlock

AllianceBlock is building the first globally compliant decentralized capital market. The AllianceBlock Protocol is a decentralized, blockchain-agnostic layer 2 that automates the process of converting any digital or crypto asset into a bankable product.

Incubated by three of Europe’s most prestigious incubators: Station F, L39, and Kickstart Innovation in Zurich, and led by a heavily experienced team of ex-JP Morgan, Barclays, BNP Paribas, Goldman Sachs investment bankers, and quants, AllianceBlock is on the path to disrupt the $100 trillion securities market with its state-of-the-art and globally compliant decentralized capital market.

About Injective

Injective is a custom interoperable layer one protocol for building powerful exchange, DeFi, derivatives & Web3 applications. Injective was created using the Cosmos SDK and is able to achieve instant transaction finality while sustaining lightning fast speeds. INJ is the native deflationary scarce asset that powers the Injective Protocol and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by Pantera Capital.

Website | Telegram | Discord | Blog | Twitter | Learn | Youtube | Facebook | LinkedIn | Reddit | Instagram | Weibo | Orbit Newsletter

--

--

--

The custom interoperable layer-1 for building powerful DeFi trading, derivatives & Web3 apps | Get Started: http://linktr.ee/injective

Recommended from Medium

AMA Recap : Kephi Gallery & SleepEarn

The Metaverse | Crypt0Writ3r

Vol 32: Digital Asset Fund Flows Weekly

SugarKingdom tokens are out for EmpireVC Members

SugarKingdom EmpireVC

Blockchain needs more utility to justify its hype and drive adoption

Buying crypto from fiat money

VeriBlock deep dive

KICK token listing on Bithumb Global

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Injective Labs

Injective Labs

Access, create and trade unlimited decentralized finance markets on the first Ethereum-compatible exchange protocol for cross-chain DeFi.

More from Medium

Tezos: Fundamentals, technicals, tokenomics and future outlook

✍️ Signing Anything on your Lattice

Vesta Finance — Capital Efficiency on Arbitrum

Index Coop’s icETH — Provide liquidity for icETH/ETH