What is Injective Protocol (INJ)? | Injective Protocol Explained in Under 60 Seconds

Injective Protocol (INJ) is a permissionless, decentralized Layer-2 DeFi protocol designed to make trading exchanges completely decentralized, public operated networks with no barriers. The Injective Protocol Token (INJ) powers the protocol, and is used for governance, exchange fees, derivative collateralization, liquidity mining, and staking.

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The Injection Exchange (DEX) allows for fast, secure, and fully decentralized trading. Enables anyone to trade any and all markets by eliminating technical barriers.

Injective Futures Protocol enables decentralized perpetual swaps & contracts for difference (CFDs). Anyone can permissionlessly create & trade derivative markets.

The Injective Chain (Blockchain) is a layer-2 infrastructure that hosts the DEX protocol & DeFi applications. Includes a decentralized orderbook, trade execution coordinator, order matcher & order execution environment.

Injective Protocol is solely governed by INJ tokens holders, with no centralized governing body controlling the projects development. Investors in INJ coins are able to make changes & introduce new ideas.

WEBSITE: https://injectiveprotocol.com/