Open Liquidity Program (OLP) Launch
The Open Liquidity Program has launched, bringing unmatched liquidity and capital efficient DeFi into the Injective ecosystem.
The Open Liquidity Program (OLP) will allow everyday users and institutions to participate in the rapidly growing ecosystem on Injective while simultaneously earning rewards in the form of INJ. OLP members will be able to provide liquidity on Injective’s on-chain orderbook infrastructure in a permissionless manner to attain INJ rewards. Beginning June 13, 2023, 40,000 INJ can be earned by eligible participants during each epoch (28 day period).
Get Started: Link
OLP Docs: Link
Background
Injective already supports the most liquid truly on-chain DeFi ecosystem in crypto today. As the fastest blockchain built for finance, Injective seeks to provide robust liquidity across its ecosystem.
dApps built on Injective are able to tap into a shared orderbook infrastructure for liquidity. As a result of this pioneering tech, a user transaction from dApp A can be matched with another arising from dApp B. This vastly improves liquidity fragmentation issues that are commonplace in crypto today.
Over the past year, the Injective community has continued to find innovation in new avenues to further bring more liquidity. This involved combining the best of finance with groundbreaking infrastructure that can sustain the highest levels of throughput on-chain. Ultimately, these ideas and integrations have led to the creation of the brand new Open Liquidity Program (OLP).
Open Liquidity for All
OLP caters to the needs of everyday users and institutions alike by allowing everyone to participate in the Injective ecosystem while earning rewards.
Typically, programs such as this are created exclusively for elites and high net worth institutions. OLP is the first program of its kind that enables global access for truly on-chain DeFi and trading. Any participant within DEXs built on Injective can earn rewards for providing orderbook liquidity with minimal barriers to entry.
Beginning June 13, 2023, 40,000 INJ can be earned by eligible participants during each epoch (28 day period). Users can easily provide liquidity via Injective APIs or through the various DEXs built on Injective. All information on the reward calculations and API docs can be found in the OLP docs here.
Injective: The Only Blockchain Trailblazing the Future of Finance
Injective was created from day one to truly decentralize financial innovation and access. OLP takes the entire ecosystem one step closer to this goal.
OLP can work in tandem with the upcoming Project X which will further bring new avenues for on-chain liquidity across dApps built on Injective. The combination of Injective’s technical innovations and initiatives such as OLP help to create a superior environment that can continue to break new boundaries for DeFi and Web3 as a whole.
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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