Injective Launches INJ Liquidity Pledge Function Through Stride

On April 3rd, it was announced that the cross chain transaction protocol Injective has launched the INJ liquidity pledge function through the Cosmos ecological liquidity pledge protocol Stride. Users can receive pledge rewards through STINJ and also receive cross DeFi (lending, trading, etc.) profits, thereby increasing the overall utility of INJ.

Injective has launched the INJ liquidity pledge function through Stride

Injective is a cross chain transaction protocol that was launched recently. On April 3rd, 2021, it was announced that they had launched the INJ liquidity pledge function through the Cosmos ecological liquidity pledge protocol, Stride. This has opened up new possibilities for users, allowing them to receive pledge rewards through STINJ and also receive cross DeFi (lending, trading, etc.) profits, thereby increasing the overall utility of INJ.

What is Injective Protocol?

Injective is a revolutionary decentralised trading platform that allows for fast, secure, and fully decentralized trading. It is an Ethereum Layer-2 protocol, meaning that it operates on top of the Ethereum blockchain. Injective is designed to offer fast, secure, and fully decentralized trading across multiple blockchains, enabling traders to engage in cross-chain transactions with high-speed and accuracy.

What is Stride?

Stride is a Cosmos ecological liquidity pledge protocol. It is a decentralized finance (DeFi) protocol that allows for the creation of liquidity pledge tokens (LPTs). These tokens are used to represent pledges that can be made by users to a specific project or network. Using these pledge tokens, users can earn rewards for staking their tokens and providing liquidity.

What is the INJ liquidity pledge function?

The INJ liquidity pledge function is a new feature that has been launched to increase the overall utility of INJ. This feature allows users to make pledges using their INJ tokens and earn rewards for doing so. When a user makes a pledge, they receive STINJ tokens in return. These tokens can be used to earn profits from various DeFi activities such as lending, trading, and more.

How does it benefit users?

The INJ liquidity pledge function benefits users in several ways. Firstly, it allows them to earn rewards simply by pledging their INJ tokens. These rewards can be in the form of STINJ tokens that can be traded, sold, or used to earn further profits from DeFi activities. Secondly, it increases the overall utility of INJ, making it a more attractive investment option for traders and investors alike.

How is it different from other DeFi protocols?

The INJ liquidity pledge function is unique to Injective and Stride. While there are other DeFi protocols that allow users to earn staking rewards, this feature is specific to the Injective platform. As a result, it offers a unique opportunity for users to earn rewards and increase the overall utility of INJ.

How to use the INJ liquidity pledge function?

Using the INJ liquidity pledge function is simple. Users need to visit the Injective platform and connect their wallets. Once they have done this, they can navigate to the INJ liquidity pledge function and enter the amount of INJ they wish to pledge. Once the pledge has been made, they will receive STINJ tokens in return, which will represent their pledge.

Conclusion

The INJ liquidity pledge function launched by Injective through Stride has opened up new possibilities for users to earn rewards and increase the overall utility of INJ. Its unique features and easy usability make it a popular choice among traders and investors in the DeFi space.

FAQs

1. What is the INJ liquidity pledge function?
The INJ liquidity pledge function is a new feature launched by Injective that allows users to earn rewards through STINJ tokens while also increasing the overall utility of INJ.
2. How does the INJ liquidity pledge function work?
Users can make pledges using their INJ tokens and receive STINJ tokens in return. These tokens can be used to earn profits from DeFi activities such as trading, lending, etc.
3. How can I use the INJ liquidity pledge function?
Users need to connect their wallets to the Injective platform and navigate to the INJ liquidity pledge function. After entering the amount of INJ they wish to pledge, they will receive STINJ tokens in return representing their pledge.