Full Spot and Perpetuals Trading Release on Equinox

Full Spot and Perpetuals Trading Release on Equinox
Full Spot and Perpetuals Trading Release on Equinox

As of today, Injective users will find an entirely revamped Injective exchange on Equinox. Users can test spots and perpetual contracts for a wide array of markets on Injective in preparation for the upcoming mainnet launch.

The Equinox trading release marks the culmination of a number of major improvements across the frontend user interface as well as core backend logic for the orderbook model.

Trading on the exchange will also be an Equinox epic task. Specifically, users must submit 50 separate trades across 5 different markets, and earn a net positive PNL. Completing the epic task will result in a 3% APY boost for Equinox Staking.

*Rewards will be subject to the team’s review

Equinox Trading Walkthrough: LINK

Entirely New Infrastructure Powering the Exchange

Having traded invaluable feedback in the Solstice, Solstice V2, and Solstice Pro exchanges, Injective contributors worked to dramatically increase the capabilities offered by the protocol.

The entire infrastructure has been revamped in order to enable truly decentralized trading that is lightning fast. The latest iteration of the exchange will be a vastly different and improved version relative to the Solstice testnet versions that were available last year.

Decentralized Governance

Both spot and perpetual markets are now launched based on governance proposals on Equinox. Users who have staked INJ are able to both propose new markets and vote on new listings, allowing the entire listing process to be governed by a decentralized community of stakeholders.

Heightened Transaction Speeds

Injective’s new infrastructure is projected to handle over 10,000 orders per second. To put this number into perspective, most leading decentralized exchanges today are able to process fewer than 20 transactions per second.

Novel Order Matching Model

A new frequent batch auction model (FBA) has been created that is both technically robust and competitive against centralized exchanges. Injective is able to eliminate predatory front-running while enabling the provisioning of deeper liquidity at tighter spreads by market makers.

Upgraded Oracle Module

The Injective oracle module allows markets to be proposed based on a variety of oracle providers such as Coinbase, Chainlink and Band Protocol. The oracle module came about in order to expand the choices of users on the protocol since it enables anyone to select from a range of price feeds.

On Injective, any derivatives market can be launched using just a price feed. Injective’s vast array of oracle providers will not only increase the range of available markets but also provide a robust decentralized infrastructure that aggregates prices from multiple sources. The mechanism behind the Injective oracle model helps ensure that prices cannot be manipulated.

Refactored Injective Codebase

The entire codebase has been reengineered from the ground up in order to create a more performant developer-friendly environment.

The new native Typescript packages allow anyone to easily deploy new applications or frontend interfaces on top of the protocol. In addition, these npm packages will help ease the process of interacting with the Injective Chain.

Enhanced UI Capabilities

The frontend has been iterated extensively in order to create a more intuitive user interface. For example, traders can now dynamically reposition elements on the frontend such as the charts or orderbook, which helps to create a more bespoke experience for each person.

Direct Interaction with the Injective Chain

Through the exchange interface users can interact with the Injective Chain. As a result, any assets held on Ethereum can be transferred to the layer-2 Chain in just a few clicks.

Metamask and Ledger Support

There is now native Metamask and Ledger support on Injective, meaning that users are able to securely transact on the exchange without the need for any middleman.

Closing Remarks

The launch of spot and perpetual markets prepares Injective community members for a mainnet with a fully revamped infrastructure. Everyone is encouraged to test out the new Injective exchange and contribute feedback.

Onwards and upwards!

About Injective

Injective is a lightning fast interoperable layer one blockchain optimized for building the premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.

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