Injective, the first universal DeFi protocol for cross-chain derivatives trading, has launched the first-ever decentralised stock trading through partnerships with Terra and Band Protocol. All users across the globe will now get access to equity trading, starting with the FANG index composed of Facebook, Amazon, Netflix, and Google, with more stocks to be added in the near future.
Anyone can leverage the Injective Solstice V2 network to buy stocks via USDT in a completely decentralised manner with zero gas fees. Injective enables 1-second block times and instant finality, leading to unparalleled scalability and speed.Injective integrates with Band Protocol’s oracle technology to provide secure decentralised price feeds for stocks, as well as Terra’s framework to tokenise traditional stocks.
“We strive to make finance more accessible and available to anyone through decentralised protocols,” said Eric Chen, CEO of Injective Protocol. “Investing in stocks still remains inaccessible for billions of people worldwide while the existing platforms act as gatekeepers and suffer from technical challenges. Injective helps to seamlessly rectify these salient issues to allow anyone to trade stocks with zero fees.”
Robinhood and Interactive Brokers had outages this December, effectively locking individual investors out of their brokerage accounts while the markets were moving. Traditional stock exchanges also often charge significant fees per trade which can quickly become exorbitant. While platforms like Robinhood claim to have “zero trading fees”, they’re making money through market maker rebates, which ends up increasing the costs for traders.
Injective was first incubated by Binance Labs back in 2018 and also recently conducted a public offering on Binance Launchpad. The project is backed by a prominent group of investors including Binance, Pantera, and Hashed. Injective has built the first layer-2 decentralised exchange protocol that unlocks the full potential of borderless DeFi. It enables fully decentralised trading in various forms including perpetual swaps, futures, margin, spots, etc. Every component of the protocol is built to be fully trustless, censorship-resistant, publicly verifiable, and front-running resistant.