Injective Announces Strategic Partnership with WOOTRADE

Injective Announces Strategic Partnership with WOOTRADE
Injective Announces Strategic Partnership with WOOTRADE

Decentralized Exchanges (DEXs) are one of the most widely talked about topics in DeFi. They are considered to be the future of cryptocurrency exchanges as they relieve common problems such as lack of transparency in transactions and the risk of asset theft. On the other hand, user growth in DEXs is limited compared to centralized exchanges due to liquidity problems.

Injective is officially announcing this strategic cooperation with the dark pool, WOOTRADE. Through cooperation in the implementation of liquidity management, the design of crypto asset derivative products, and international corporate brand development, both sides will work together to win the DEX space by rapidly growing the user base.

WOOTRADE was incubated by Kronos Research, a leading quantitative investment research institution, and is funded by distributed capital from DFund, SNZ, Hashkey, as well as Vector Capital. The dark pool has a team with extensive experience in trading crypto assets and secondary assets. Injective's derivatives protocol and technology-driven ecology can provide institutional traders, such as Kronos Research, with the ideal environment and conditions for the swiftest, most fair, and safe service of markets and products.

Injective is a decentralized peer-to-peer protocol that aims to enable fast and secure perpetual swaps, futures, leverage and spot transactions on Ethereum. To facilitate this, WOOTRADE will provide a transaction depth of 100 BTC with a spread of 0.05%. This liquidity stems from the in-depth aggregation of major exchanges and the support of quantitative investment research institution Kronos Research for market-making strategies. Kronos has a daily transaction volume of $1 billion. In order to provide sufficient liquidity, WOOTRADE will also provide a low rate of 0% for connected exchanges, which saves hedge costs for exchanges. All in all, this collaborative effort will lead to a paradigm shift in the DeFi world.

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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