The Injective Platform to Stake 50% of INJ Tokens
The decentralized finance (defi) app platform Injective has revealed that it will soon stake 50% of the total supply of INJ tokens. This announcement comes as the platform’s monthly staking protocol experiences significant growth, with over 47.7 million tokens currently being staked, accounting for 47.7% of the total supply. The current annual percentage rate (APR) stands at nearly 16%. In response to this growth, the Injective team has committed to staking half of all available tokens.
Implications for Decentralization and Security
Cryptocurrency expert and influencer Muhmmad Azhar highlights the significance of INJ’s increasing share in staking, viewing it as a turning point in the network’s decentralization. If the protocol surpasses the 50% staked mark, it would have profound implications for token holders and the ecosystem’s security.
Major Mainnet Update: Volan
Injective recently released a major mainnet update called Volan, which aims to enhance scalability, compatibility, and overall user experience. This update is considered one of the most significant milestones in the project’s history and is expected to attract more users while accelerating the development of the Injective ecosystem.
INJ Included in HKVAC Index
The Hong Kong Virtual Asset Rating Agency (HKVAC) has added INJ to its list following index adjustments. HKVAC plays a crucial role in rating digital asset trading platforms and crypto market indexes, serving as an important indicator of shifts in the crypto market.
Hot Take: Injective’s Staking Milestone Signals Decentralization Progress
Injective’s commitment to staking 50% of INJ tokens represents a significant milestone in the platform’s journey towards decentralization. With a growing number of tokens being staked and the release of the Volan mainnet update, Injective is poised for further expansion and development. This move also has implications for token holders and the overall security of the ecosystem, reinforcing Injective’s position as a leading player in the defi space.
By
By
By
By
By