Injective Protocol

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Injective Protocol

Injective is Integrating with Stacks to Enable Fully Decentralized Bitcoin Derivatives We’re integrating with the Stacks blockchain to bring fully decentralized Bitcoin derivatives to Injective. Our goal is to create a vibrant multi-chain ecosystem that is entirely decentralized. On Injective, users have the ability to create and trade unlimited derivatives that originate from distinct blockchain networks. With our Stacks collaboration, Injective will be able to launch derivatives that are based on the Stacks token (STX) alongside native assets built on the Stacks blockchain. In essence, we will deploy a bridge that is able to interact with the Stacks blockchain. Users will be able to lock-up and transfer Stacks-based tokens to the Injective Chain which will allow for both market creation and trading for STX as well as other tokens based on the Bitcoin network. DeFi enthusiasts can also take part in creating decentralized expiry futures and perpetuals across distinct networks such as BUSD/STX, which would tap into both Binance Smart Chain (BSC) and Stacks for instance. ⚡️Read More: bit.ly/2TfCgxk