About Injective – Mainnet
🥷 is leading a new era of transformation with its largest mainnet upgrade to date, which will redefine the DeFi landscape. This update offers more than just new features; it opens up the possibility of retroactive Airdrops within the dynamic Injective ecosystem. Backed by prominent investors like Binance, Pantera, and Mark Cuban, it enables seamless decentralized app development on major chains such as Ethereum and Solana, driving DeFi innovation. It features MEV resistance for a secure and fair environment, as well as integration with Google Cloud BigQuery for enhanced on-chain data analysis and accessibility. Learn more about Injective with Ledger Academy! INJ is the native token, ensuring network governance and security through a proof-of-stake mechanism. It stands out with one of the highest token-burning ratios in the crypto industry, as 60% of generated fees are used for a weekly buy-back and burn auction.
Step-by-step guide
Access the Injective Hub dashboard and connect your wallet. Supported wallets include MetaMask, Ledger, Cosmostation, Leap, Keplr, Torus, Trezor, and the native @NinjiWallet. Acquire $INJ tokens from Bybit or another CEX, or through the Helix DEX. Additionally, you can Earn INJ rewards in the Helix Open Liquidity Program. Transfer your INJ tokens from the exchange to your Injective non-custodial Ethereum wallet using the ERC-20 protocol. To stake on the Injective Chain, transfer your ERC-20 INJ tokens via the Injective Bridge. This converts them to native INJ tokens on the Injective Chain. The bridge, compatible with all ERC-20 tokens, is efficient and cost-effective, powered by Wormhole technology. Stake your INJ by delegating to one of the many available Validators on the Staking page. Re-delegate to different validators as needed. For support or inquiries, join the Injective community on Discord and consult the FAQ section. Monitor your delegations and rewards on the Wallet page. Claim rewards, distributed with each block, and redelegate them to maximize benefits. Unbonding your tokens stops reward accrual and returns your original INJ after 21 days. As a staker, you can vote on Injective governance proposals and contribute to the platform’s future. Engage in discussions on the Injective governance forum and even make your own formal governance proposal. Explore the cutting-edge ÐApps within the Injective Ecosystem like Helix Dex, INJ Dojo exchange, Astroport AMM protocol, Mito for automated trading, Black Panther for asset management, Gryphon and Hydro Protocol for liquid staking, Levana for leveraged perpetual swaps, Exotic Markets for options trading, White Whale for flash loans and arbitrage trading, Neptune Finance for high-interest lending, Talis and Dagora NFT marketplaces and .inj Domain Name Service, all with potential future Airdrops.
Disclaimer: This content is for educational and informational purposes only and does not constitute financial advice. Conduct thorough research before making any deposit/investment decisions (DYOR).