The Injective Bangkok Summit was successfully held, Loop Staking DeFi reached its savings cap within 2 hours of launch, and DojoSwap launched a portfolio tracker
📆 Injective Ecosystem Weekly Report (12.2 - 12.8)
🔸 Major Developments
- Neptune Finance launched $SOL lending and borrowing services, with a pool cap set at 2500 $SOL.
- Hydro Protocol launched Loop Staking DeFi strategy in collaboration with Neptune Finance, enhancing INJ staking returns through circular lending and reinvestment. Loop Staking can be cycled up to 5 times, increasing returns but also accompanied by higher liquidation risks. The savings cap of 10000 INJ was reached within 2 hours of launch, with plans to adjust the cap weekly to meet demand.
- XION's APAC head Burnt Unagi will share details about the XION mainnet launch and TGE in the Injective Chinese Telegram group. XION will be launched on Bitget Launchpool.
- TruFin launched an institutional-level liquid staking solution TruStake and liquid staking token TruINJ on Injective, providing automated yield reinvestment and instant exchange features.
- HYPE/USDT perpetual contracts and XION/USDT spot trading pairs launched on Helix decentralized exchange.
- DojoSwap launched a portfolio tracker, currently in BETA testing, supporting only tokens traded on DojoSwap.
- Injective ranked as the number one blockchain project by brokerscore.
🔹 Other Highlights
- The Injective 2024 Bangkok Summit successfully attracted a total of 21000 participants online and offline, marking a new height of prosperity for the ecosystem.
♦️ Summary
The Injective Bangkok Summit attracted 21000 participants, and the value of $INJ is being discovered and enhanced. Projects in the ecosystem have been consistently built through bull and bear markets, and the Loop Staking DeFi strategy was sold out within 2 hours of launch. There is an increasingly visible confidence in the Injective ecosystem, and beyond this market cycle, $INJ will undoubtedly go further and further.
