Injective

*Published on November 17,2021: https://bit.ly/3HwuSlxThe community has voted to launch Injective Astro: A $120 Million Incentive Program to bring liquidity and traders to Injective Protocol.Injective Astro will be the most monumental chapter in the history of Injective as it is one of the largest incentive programs not only within the exchange industry but also in all of DeFi.Just with the launch of the Injective Governance Proposal #71, a flurry of news media globally began to cover the story such as <a href="https://decrypt.co/86185/defi-derivatives-project-injective-protocol-launches-mainnet-120m-incentive-program?&amp;utm_medium&#61;referral&amp;utm_campaign&#61;feed&amp;utm_source&#61;editorial?utm_source&#61;twitter&amp;utm" rel="noopener noreferrer nofollow">Decrypt</a>, <a href="https://cryptobriefing.com/injective-protocol-launches-mainnet-120m-incentive-program/" rel="noopener noreferrer nofollow">Cryptobriefing</a>, <a href="https://finance.yahoo.com/news/injective-protocol-launches-mainnet-fully-140000118.html?guccounter&#61;1" rel="noopener noreferrer nofollow">Yahoo Finance</a>, Coindesk Korea, <a href="https://www.theblockbeats.info/news/27604" rel="noopener noreferrer nofollow">BlockBeats (China)</a> and much more. In fact, within China alone more than 10 highly reputable crypto/mainstream media channels covered the news. This is just a glimpse of the news coverage so far with much more to follow in the coming days and weeks as more traders are onboarded with the incentives in place.The launch of Injective Astro alongside the recent mainnet release and the cross-chain Injective Bridge provide powerful reward incentives and a seamless user experience for new traders to onboard onto the Injective ecosystem.Digging Deeper: The Astro MechanicsInjective Astro aims to distribute 10 Million INJ (≈$120 Million) over the next five years in order to bring greater liquidity to the Injective Protocol.Two sub-programs makeup Astro: Trade &amp; Earn and DMM.Dedicated Market Makers (DMM) Program: A total of 3,000,000 INJ is proportionally allocated to all qualified direct market making program participants, based on individual market making scores calculated every four weeks. DMMs are professional institutional market makers who help to provide liquidity to Injective. In order to retain a competitive environment, any market maker who is the worst performer for two consecutive epochs will lost all of their unvested rewards and can be eliminated from the program.Trade &amp; Earn Program: A total of 7,000,000 INJ is proportionally allocated to all trading participants for their maker and taker orders every week. All users of Injective can benefit from this reward pool.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/46853610c46d4969b83893a83bbb705b.jpeg" /> A graphic illustration of Astro Reward DistributionA page for viewing rewards for DMM and Trade &amp; Earn will be made available directly on the Injective Exchange itself through a new Rewards tab. DMMs and traders alike will be able to view their earned rewards and how much in total rewards have been distributed within the current epoch (approximately a four-week period).<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/141f536ec9fe46deafbd812aca990abb.png" /> DMM Rewards ScreenThe Rewards tab for everyday traders will be quite extensive with an overview of past rewards as well as countdowns to the next distribution.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/28477dda9f5c4fa2aa5397445bbb3ea6.png" /> Injective Rewards Page OverviewThere are sophisticated mathematical formulas working behind the scenes to ensure that effective liquidity is being provided on the Protocol while also disincentivizing any form of wash trading. You can read more about the detailed formulas in the governance forum post <a href="https://gov.injective.network/proposal/discussion/2512-injective-liquidity-incentive-program-proposal-pt-4-astro/" rel="noopener noreferrer nofollow">here</a>.<blockquote>“Our mission at Injective has always been to build the most powerful cross-chain protocol for completely decentralized derivatives trading. As Injective interconnects new chains, the ecosystem will continue to serve as a DeFi gateway for trading across the multi-chain universe. Injective Astro will bring forth a flood of new liquidity and user adoption for the protocol, taking Injective to new heights,” said Eric Chen, Injective Labs co-founder and CEO.</blockquote>Get Started and Earn Rewards TodayMake your first trade and be the first to grab a piece of the 162,217 INJ reward pool, which amounts to nearly $2,000,000 in rewards this month alone!The first two weeks will be a trial period and this is the perfect opportunity for users to familiarize themselves with Injective while earning rewards. Rewards will be essentially double in the following two weeks!Here’s how you can join Injective Astro &#x1f680;Guide Video: <a href="https://www.youtube.com/watch?v&#61;LHA5YXurjXE&amp;ab_channel&#61;InjectiveLabs" rel="noopener noreferrer nofollow">Link</a>Track Your Rewards: <a href="https://injective.exchange/trade-and-earn" rel="noopener noreferrer nofollow">Link</a>Want to be a power user? Earn Lower Fees with the VIP Program: <a href="https://injective.exchange/fee-discounts" rel="noopener noreferrer nofollow">Link</a>Are You a Professional Market Maker? Earn Even More Rewards through the DMM Program: <a href="https://injective.typeform.com/to/VcgtcivA" rel="noopener noreferrer nofollow">Link</a>#InjectiveAstro<img src="https://miro.medium.com/proxy/0*Upomcnow1POOKn3C" /><h2 id="header-0">About Injective</h2>Injective is a custom interoperable layer one protocol for building powerful exchange, DeFi, derivatives &amp; 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.<a href="https://injectiveprotocol.com/" rel="noopener noreferrer nofollow">Website</a> |<a href="https://t.me/joininjective" rel="noopener noreferrer nofollow"> Telegram</a> |<a href="https://discord.gg/injective" rel="noopener noreferrer nofollow"> Discord</a> |<a href="https://blog.injectiveprotocol.com/" rel="noopener noreferrer nofollow"> Blog</a> |<a href="https://www.twitter.com/&#64;InjectiveLabs" rel="noopener noreferrer nofollow"> Twitter</a> |<a href="https://blog.injectiveprotocol.com/tag/learn/" rel="noopener noreferrer nofollow"> Learn</a> |<a href="https://www.youtube.com/channel/UCN99m0dicoMjNmJV9mxioqQ" rel="noopener noreferrer nofollow"> Youtube</a> |<a href="https://www.facebook.com/injectiveprotocol" rel="noopener noreferrer nofollow"> Facebook</a> |<a href="https://www.linkedin.com/company/injective-protocol/" rel="noopener noreferrer nofollow"> LinkedIn</a> |<a href="https://www.reddit.com/r/injective/" rel="noopener noreferrer nofollow"> Reddit</a> |<a href="https://www.instagram.com/injectivelabs/" rel="noopener noreferrer nofollow"> Instagram</a> | <a href="https://weibo.com/7452104340/profile?rightmod&#61;1&amp;wvr&#61;6&amp;mod&#61;personnumber&amp;is_all&#61;1&amp;ssl_rnd&#61;1612829152.4355" rel="noopener noreferrer nofollow">Weibo</a> | Orbit Newsletter

Injective Astro: A $120 Million Liquidity Incentive Program

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Injective

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