Injective Pro is a fully decentralized layer-2 decentralized exchange protocol. Permissionless trading is integrated on arbitrary derivative markets, a feature that makes it possible for users to develop and trade any derivative market they want. The execution of the underlying protocol is done on the surface of Tendermint utilizing the Cosmos-SDK that hosts Injective’s decentralized exchange protocol.
Injective Pro overview
We have described some of the features of this exchange below:
- Unlimited markets
The platform gives you the power to develop any crypto or synthetic market you want on it.
- Fully decentralized
Injective provides users with the same trading experience as centralized exchanges while ensuring it remains wholly decentralized.
- Injective bridge
The DEX claims to offer a fast, low-cost, and safe bridge to transmit cross-chain assets to its chain.
- Cross-chain transactions
It is possible to transact any asset you want and earn cross-chain yields on Cosmos, Ethereum, and other decentralized networks.
- Community-owned
The platform is owned by the community as it allows members to take part in governance through a DAO.
How does Injective Pro work?
Find below the types of actions you are allowed to perform on the DEX
- Trading derivatives
- Insurance pool staking
- Creating derivative markets
- Liquidity mining
- Protocol governance
What can you buy on Injective Pro?
These are the assets you can transact on the platform:
- Spots
- Perpetual swaps
- Options
- Futures
- ERC-20 tokens
- INJ tokens
- Currencies
- BTC
- USDT
Is Injective Pro safe?
Injective Pro is said to be safe. According to the owners, all transactions conducted on the platform are safeguarded by Tendermint-based Proof-of-Stake (PoS) security. The company also claims to respect and protect the privacy of users’ personal data by not disclosing it to 3rd parties without their permission. Technical, administrative, and physical safeguards are applied as well to enhance the security of this info.
Injective Pro fees, compatible wallets, and transactions
The exchange works with 2 wallets only, namely Metamask and Ledger. At the moment, Trezor is not supported. Therefore, the vendor cautions against using this wallet, including Metamask’s Trezor integration because your funds may get stuck on the Injective chain.
Trading on this platform requires zero gas fees because relayers pay these fees. Other transactions you can carry out on the DEX like underwriting, auction, unbond, claim, and delegate ask that you pay a very small fee of 0.0002INJ.
What are the ways to trade on Injective Pro?
These are the trading options available on Injective:
- Staking
Users can stake INJ tokens on the mainnet and earn rewards that assist in keeping the Injective network safe.
- Underwriting
This entails depositing assets in a certain insurance market. Underwriting for an insurance fund thus gives you a chance to earn extra staking rewards.
- Futures trading
You can buy and sell futures contracts and receive settlement on a future date when the position liquidates.
- Perpetual swaps trading
The exchange permits you to trade in the perpetual futures market (future markets with no expiry/settlement) and earn income in the end.
Customer support
If you encounter any problems with the service, you can directly get in touch with the support team on the company’s discord.gg/injective or open a support ticket to receive the help you need. You may also join the Telegram and Reddit community, which consist of thousands of users ready to answer any questions you have about the platform. The company’s YouTube channel can further help you easily navigate the unique world of Injective.
Should you trade with Injective Pro?
Injective Pro summary
Injective Pro summaryPros
- Zero gas fees
- Multiple customer support options
- Numerous features and trading choices
- Secure
Cons
- Only two wallets are used
- No recovery ability
