Injective Protocol is a DeFi protocol for cross-chain derivatives trading of multiple financial products such as perpetual swaps, futures, and spot trading.
The Injective Chain is the core backbone for Injective's layer-2 derivatives platform and hosts a fully decentralized orderbook, trade execution coordinator, EVM execution environment, and bi-directional token bridge to Ethereum.
The Injective Chain supports generalized smart contract execution through a modular implementation of the Ethereum Virtual Machine on top of the Cosmos-SDK.
In addition to the chain at the center of the protocol, the team is also working on DeFi end users products such as a futures protocol and an exchange, both of them running on the Injective Chain.
The project has been in the works for a few years now and was incubated in the Binance Labs incubation program in 2018. A public testnet is available online for the exchange and showing promises with a great user interface.
Some project repositories are still private and the team already announced that they will be made public upon the Mainnet release, but most of the already public work is looking great.
Following their recent fundraising of $10M, Injective is heavily recruiting to be able to fully deliver on different aspects, technical but business related as well. The token of the protocol is currently trading on both centralized (Binance) and decentralized (Uniswap) exchanges.