5 Injective Ecosystem Protocols Worth Paying Attention to Covering DEX, GameFi, NFT, and Other Application Areas
This article is sourced from a tweet by andrew.moh, compiled, translated, and written by PANews.
Summary:
INJ and TIA hit all-time highs, what other potential tokens are there in the Cosmos ecosystem?
Background:
Comparing from Multiple Perspectives: Oasis, Injective, and Near Three Public Chains
Table of Contents:
Helix
Black Panther
Talis Protocol
Exotic Markets
Ninja Blaze
Injective Protocol is the infrastructure framework for DeFi applications that enhances multi-chain trading through derivatives such as perpetuals, futures, and spot. Injective Protocol is built on the Ethereum and Cosmos blockchains to minimize gas costs.
Injective has experienced significant growth over the past year and has gained widespread recognition, with the INJ price growing by over 2,700% and surpassing $42 to reach a new high. Despite the speculation surrounding Injective in the market, the true potential of the chain remains untapped, and its ecosystem is still in its early stages, with some potential airdrop projects. Here are five projects in the Injective ecosystem identified by crypto KOL andrew.moh that have airdrop and development potential.
Helix is a DEX platform used for trading crypto spot and derivatives and building and executing financial applications based on the Injective infrastructure. Helix allows unlimited trading of cross-chain crypto assets and perpetual markets and provides rebates.
Key features of Helix:
Decentralized order book
Rebates
Decentralized stop-limit orders
On-chain matching
Although Helix has not officially confirmed any airdrops, the “Rewards” option on its website suggests future airdrops. To qualify for the airdrop, you can:
Trade
Trade perpetual contracts
Use their bots/set limit orders
Black Panther is a self-custody asset management protocol that offers returns through automated compounding vaults and yield opportunities. The token is called BLACK.
Black Panther provides algorithm-supported trading bots, allowing users to deposit crypto assets into vaults and let the bots handle the trading to profit from yield opportunities in the DeFi market.
The advantages of grid trading bots:
Profiting from volatility without predicting market direction
24/7 passive trading without continuous monitoring
Managing risk by setting price ranges and receiving alerts
In the Black Panther dApp, there is an option labeled “Airdrop.” When using the Injective mainnet, users have the opportunity to receive rewards when the BLACK token is launched.
Talis Protocol is a platform that connects artists, buyers, sellers, and printing companies within the NFT community. Talis Protocol solves many issues related to NFTs, including valuation and utilizing NFTs as loan assets.
Artists can mint NFTs and produce xNFTs related to real-world printing businesses. Customers purchasing NFT prints are buying xNFTs. These xNFTs are then transferred to printing businesses to create physical products like t-shirts and artwork.
Each physical product is verified through a digital receipt with a QR code on the blockchain, showcasing the uniqueness of the artist’s artwork in both the digital and physical worlds.
Talis Protocol’s token TALIS is the first native token in the Injective ecosystem. The DEX platform Helix recently listed TALIS. Through trading on the Talis Protocol, users can earn on-chain rewards and participate in its NFT ecosystem.
Exotic Markets is a DeFi platform built on the Solana blockchain that aims to be the most flexible structured product protocol, providing extensive yield and underlying infrastructure in the DeFi space.
Exotic Markets has two types of markets:
Vaults interact with asset pools and execute automated strategies to replicate certain yields.
Single Products allow buyers and sellers of structured products to freely interact on an open and transparent platform.
The “Robo Advisor” on the Exotic Markets platform also guides investors in product selection based on investment duration, risk profile, and market views. Tokenizing positions on the Serum Exchange increases liquidity for traditional illiquid products. The native token of Exotic Markets, EXO, supports governance and fee reduction.
Exotic Markets successfully raised $5 million in a private round in 2022, led by Multicoin and Ascential Assets, with participation from Animoca Brands, Morningstar Ventures, and Solana Capital.
Ninja Blaze is a GameFi platform based on the Injective blockchain. Ninja Blaze is currently available on the testnet and has developed a game called Jackpot, with another PvP game called Roshambo Jackpot in development.
The Jackpot game is executed through smart contracts, with various stages such as fundraising, game participation, and lottery based on the blockchain. Each player’s winning probability in the game depends on their deposit.
Ninja Blaze mentions an airdrop in the first quarter of 2024 in its roadmap.
There is information claiming that Ninja Blaze has successfully raised $206 million. However, there is currently no official source to confirm this claim.
Ninja Blaze also claims Injective as its partner in its whitepaper. However, no official announcement from Injective has been seen.
Ninja Blaze is currently participating in the Injective Illuminate Hackathon, an event supported by Google Cloud and co-organized by DoraHacks.
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Tags:
Black Panther
Exotic Markets
Helix
INJ
Injective
Ninja Blaze
Talis Protocol