The injective ecosystem
(exotic market, helix, hydro protocol, mito, Neptune, Aeroscraper, Apollo DAO, astroport)
Today we will discuss about the injective ecosystem and briefly explain the uniqueness of each dApps injective.
A lot of dApps has built on injective and also injective has integrated with several other projects who has greatly contribute to the growth and development of injective. In this article we will briefly talk about them and also discuss their unique characteristics.
Let start from injective featured dApps and let start from exotic.
i. Exotic Market
The exotic decision is to shift wealth management and structured products from traditional banks into the decentralized finance realm. Exotic is here to assist you in growing your crypto wealth, offering a new approach to financial growth.
Exotic is very unique in the injective ecosystem by, below are the following tips about exotic markets.
a. Sustainable yield.
Exotic’s approach to wealth creation involves structured products, distinct from governance token inflation. These products, commonly utilized in traditional finance (tradfi), serve as a key avenue for generating yield in our ecosystem.
b. Token variety
The exotic platform offers a wide array of tokens for yield generation, with a commitment to ongoing expansion and inclusion of more options to enhance your investment opportunities and financial growth.
C. Security and Flexibility
The exotic market provide on-chain flexibility with a diverse product range, eliminating counterparty risk. Your funds stay on-chain without being lent out, ensuring a secure and transparent financial experience.
d. Low gas fee
Solana’s exceptionally low gas fees and rapid transaction speed position it as the optimal Layer 1 blockchain for Exotic, enhancing efficiency and cost-effectiveness in our operations.
e. Long and short tenor
Whether you aim to maximize yield over a short 5 days, a medium 3 months, or an extended period, Exotic has you covered with a diverse range of products catering to various tenors.
ii. Helix
Another great project on the injective featured dApps is Helix, helix has contributed greatly to general growth in INJ. Helix allows you to trade unlimited cross-chain crypto assets and perpetual markets with market leading rebates.
Why do people trade on helix?
a. Decentralized exchange with advanced order types
Helix gives you Experience spot and perpetual market trading on the leading front-running resistant decentralized orderbook exchange. Utilize stop-loss and take-profit orders for enhanced control and precision in your trading strategies.
b. Minimal fees for maximum benefits and rewards
The gas fee policy on helix is second to none, everyone who has trade on helix will agree that helix is operating a Zero gas fees, low taker fees and highly competitive maker fee rebates for the best trading experience amongst all exchanges.
c. Cross-chain assets and novel markets
Effortlessly transfer assets between Ethereum and Cosmos networks to engage in trading across both popular and exclusive markets not found elsewhere, expanding your trading options and opportunities.
iii. Hydro
Do you want to stake where you will earn and also sleep comfortably knowing fully that your resources is safe and well secured? Then hydro is what you are looking for.
Another thing you will want to know is that Hydro Protocol stands as the premier platform for staked assets, serving as the inaugural and exclusive Liquid Staking Derivatives (LSD) protocol on the Injective Network. Positioned to optimize and enhance utility within the ecosystem, Hydro aims to be a leading force in shaping the LSDfi landscape on Injective.
a. Liquid Staking Derivatives (LSD)
Hydro Protocol’s primary product is LSD (Liquid Staking Derivatives). Users can stake INJ and mint hINJ tokens at a 1:1 ratio, kickstarting staking rewards. Additionally, users can deploy hINJ onto third-party protocols for further utility and benefits.
b. Farming
Farming serves as a yield optimization product for your liquid assets, specifically hINJ, offering opportunities to enhance returns on your holdings.
The Benefits of Farming with Hydro:
Stake your liquid hINJ
Earn additional yields on your staked hINJ
Immediate use of LSD.
c. Auto-Compounding
Another benefit you can gain on hydro is to Leverage on the auto-compounding feature to optimize staking yields and amplify rewards with INJ assets on Hydro. Enjoy the convenience of automated reinvesting, consistent compounding at standard intervals, and the added benefit of zero transaction fees.
d. LSD Finance
LSDFi represents the next generation of DeFi growth, and Hydro is positioned at the core of LSD utility on Injective. It aims to converge numerous DeFi protocols within the ecosystem, playing a central role in shaping the future of decentralized finance.
iii. MITO Finance.
Another great dApp according to me on injective is mito finance. If you want to enjoy another great level of trading then I will recommend mito finance for you.
You want to know what mito finance is?
Mito comprises automated trading vaults powered by Web3 smart contracts. Each vault employs advanced trading algorithms usually exclusive to sophisticated institutions and hedge funds, providing users access to high-level trading strategies.
- -Another thing about mito finance is that mito finance is Injective’s groundbreaking infrastructure makes all these strategies possible, elevating liquidity and accessibility for the entire ecosystem.
- -Mito vaults democratize access, enabling everyday users without trading experience to supercharge potential earnings and simplify the Web3 experience for all participants.
Now! After knowing what mito finance is another thing I will like you know is that how does mito finance actually work.
a. Join Vault
Subscribe to any Mito vault without limits and initiate autopilot trading. Gain entry using stablecoins or pairs of your preferred crypto assets for a flexible and user-friendly trading experience.
b. Access Assets Easily
Utilize Mito’s user-friendly interface for transparent portfolio viewing, swapping, and customization around the clock. Benefit from the fastest transaction times and lowest fees, powered by the efficiency of Injective.
c. Earn Rewards
Receive a Mito Vault Token, representing your holdings in a specific vault. Enhance your rewards by staking the vault token, unlocking additional earning potential within the Mito ecosystem.
Now I believe I provide you with the needed information about Mito finance, now do what you like with it.
iv. Aeroscraper
Another great dApp on injective is Aeroscraper, a project that allows you to borrow or lend with comfort and ease from your own ends.
Aeroscraper stands as a user-centric decentralized lending-borrowing protocol, revolutionizing the DeFi space through its innovative approach featuring interest-free, over-collateralized stablecoins, and DeFi loans.
As a fully automated and governance-free protocol, Aeroscraper facilitates permissionless lending and borrowing, empowering users with autonomy and enabling direct transactions without the need for intermediaries.
Users can access loans in stablecoins pegged to the US dollar without incurring any interest by depositing collateral. Aeroscraper’s model provides a cost-effective borrowing solution within the decentralized finance landscape.
Now let talk about how user can benefit from aeroscraper.
a. 0% interest rate
If you use aeroscraper as your borrow, lending platform then you have the opportunity to enjoy 0% interest rate.
b. Only a 115% coverage rate
c. The protocol is censorship-resistant, as it operates independently without being controlled by any single entity, ensuring a decentralized and secure environment.
d. There is no need for management as all operations are algorithmic and fully automated, streamlining processes within the protocol for increased efficiency.
e. The stablecoin is directly redeemable, allowing it to be redeemed at face value for underlying collateral at any time and from anywhere, providing users with flexibility and accessibility.
Note: this are the benefits I discover after using aeroscraper but I will encourage you to use it and discover other benefits and features I did not mention here.
V. Neptune Finance
Do you want to lend token and earn interest? Then let me recommend Neptune finance to you.
a. Lend (APY 5.75%)
Generate yield on unused assets by participating in lending to an asset pool accessible to secured borrowers. This process facilitates the efficient use of idle resources within the ecosystem.
b. Borrow (APY 6.84%)
Access a loan swiftly without the need for personal information or a credit history check, ensuring a streamlined and inclusive borrowing process.
c. Isolated & Cross Margin Accounts
Effortlessly manage your portfolio by creating multiple isolated and cross-margin accounts within a single wallet. Take complete control, optimize exposure, and implement tailored strategies to hedge risks according to your preferences.
d. Neptune finance features
- -Robust Security Measures.
To ensure the protocol’s security, various measures are implemented. These include smart contract audits, risk frameworks, price oracles with built-in fail-safes, and a dedicated Safeguard serving as a market watchdog, collectively safeguarding assets within the ecosystem.
- -Compete to Liquidate.
Liquidators can refer to the liquidation guide in the developers’ section of the documentation to understand how to operate liquidation bots effectively and compete for dynamic liquidation premiums.
- -All Your Favourite DeFi Features & More.
- Non-custodial
- Available 24/7
- No Lockups
- No Minimums
-Cosmos DeFi
The Cosmos DeFi ecosystem employs an interoperable standard, facilitating smooth asset and liquidity exchange across networks. With low fees, rapid transactions, and scalable design, Cosmos emerges as an attractive environment for DeFi growth and innovation.
Vi. Apollo
Apollo farm is one of the most underrated dApp in injective ecosystem, I don’t see people talking much about it but after my research and test on them I can say in reality they are one of the best dApp to ever lunch on injective.
Apollo is a decentralized autonomous organization (DAO) driving applications across the Cosmos network, exemplifying a decentralized and community-driven approach to governance and development. Apollo goes beyond being a typical yield aggregator; it’s a community-driven organization focused on enhancing the yield farming experience for both crypto and non-crypto native users.
a. Apollo Vaults
Apollo Vaults tokenize yield opportunities, unlocking high yields on LSDs. Collaborating with Neutron, we’re launching a locked wstETH/ETH Vault, offering one of the highest APRs for liquid staking ETH. The roadmap includes leveraging vxASTRO holdings, integrating tokens into partner protocols (e.g., Mars Protocol for leverage, Pendle for yield splitting), and minting CDPs and synthetics against Vault tokens, promising further yield enhancements.
b. Apollo Safe
Apollo Safe serves as the simplest solution to secure, manage, and govern a multi-sig wallet while facilitating the creation of a DAO for a protocol or community. Featuring built-in templates and support for various networks within the Cosmos ecosystem, it ensures a secure means to safeguard any treasury.
Strategic Partnerships
Apollo is also known for expressing gratitude to their extensive network of supporting organizations and investment partners, whose collaboration has been instrumental in making the project a reality and a successful one.
Vii. Astroport
Astroport is another market dApp on injective that has actually got a lot of people attention. Astroport is a neutral marketplace where anyone, from anywhere in the galaxy can dock to trade their wares.
Astroport’s marketplace is decentralized, permissionless, and open-source, functioning as a public good governed by its community of token holders, ensuring a collaborative and inclusive approach to its development and governance.
Features of Astroport
- Programmable liquidity
- All-new Rust code
- Oracle integration
- Easy dapp integration
a. The next evolution in DEXes
We will also have to agree that astroport is the next evolution in DEXes because Astroport, crafted from scratch in Rust, amalgamates the finest elements from six years of Ethereum blockchain development. It introduces a unique hub and outpost model across multiple blockchains. Supporting Uniswap’s Constant Product, Curve’s StableSwap Invariant, and Passive Concentrated Liquidity pool types, it offers backward compatibility with historical blockchain message formats. The platform features a next-generation user interface with data-rich charts tailored for traders and liquidity providers.
b. Where traders and LPs meet
Astroport’s marketplace operates continuously, allowing anyone to establish a merchant stall by supplying liquidity in one of the three supported pool types. Users can trade against these tokens at any time without the need for a centralized exchange. Liquidity providers (LPs) earn fees and ASTRO rewards. With all liquidity residing in smart contracts, it becomes programmable. Additionally, other decentralized applications can seamlessly integrate Astroport’s liquidity into their platforms, ensuring that traders across multiple chains always have access to diverse liquidity options.