Impossible Finance is joining the Injective ecosystem to release a BSC-focused launchpad on the Injective Chain. Impossible Finance also plans to propose new BSC related derivatives for the Injective community.
Impossible Finance is currently based on the BSC network and seeks to build a multi-chain incubator, launchpad, and swap platform. In many ways, their idea is to build, support, and launch applications that allow new projects to launch with ease in a launchpad fashion.
Many Injective community members have long participated in the BSC ecosystem. The native Injective INJ token is also used across a number of DeFi protocols within BSC. In addition, certain Injective community members are looking to build a bridge to the BSC network that would add additional utility to Injective Protocol’s interoperable DeFi hub. Once that bridge is live, the community could approve BSC native spot markets such as Impossible Finance on Injective.
With the help of the Injective DAO, decentralized derivative products emerging from tokens launched through Impossible Finance can soon be brought over to Injective. In the coming months, Impossible Finance will also look to add their launchpad platform to the Injective Chain which would bring new forms of utility to Injective users.
As an added benefit, accessibility for BSC-based markets is heightened by the network of relayers that are integrating with the Injective ecosystem. As a quick recap, relayers are the front-ends (user interfaces) that all interact with the aggregate liquidity found within the Injective Protocol. Developers can build not only region-specific relayers (for example: a relayer built for Japan) but also chain specific relayers. For instance, the Injective community could deploy a relayer that only focuses on BSC-based markets.
The Impossible Finance and Injective communities share a number of synergies that can bring new forms of value to both BSC and the broader DeFi markets as a whole.
About Impossible Finance
Impossible Finance is a multi-chain incubator, launchpad, and swap platform led by Ex-Binance & DeFi veterans. It offers a robust product-first ecosystem that supports top-tier blockchain projects to targeted user audiences. With extensive support from key leaders in the crypto industry, Impossible Finance simplifies DeFi for users to enjoy fairer investing, cheaper trading and better yields.
Injective is a custom interoperable layer one protocol for building powerful exchange, DeFi, derivatives & 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.