So Injective initially sold itself as a decentralized derivatives exchange.

Question

So Injective initially sold itself as a decentralized derivatives exchange.

This is what Binance and Pantera and Cuban and myself all invested in. Now they are pivoting to layer one blockchain and smart contracts. Is this because they have failed at the exchange piece and we should be concerned? Or is this just a supreme bonus that comes with the exchange that is still going to crush, one day?

#cryptocurrency #english #injective

0

08.05.2022

15 ответов

21 просмотр

Clive Staples Автор вопроса

It’s a concern if failure, not an acknowledgment of it. It’s concerning because the derivatives exchange is what people invested in and what people were excited about, not necessarily a L1 protocol. It’s concerning because the exchange is lackluster in volume and adoption by all accounts. I don’t even use it to buy or sell INJ and I’ve been heavily invested since October ‘20. It’s hard to understand why the team is putting energy and resources into other use-cases when the first use case is still absolutely struggling to actually get off the runway. We’re not trading the promised Tesla stocks and we missed that true “day one” volume. I am still a hodler of INJ. These are legitimate concerns.

0

08.05.2022

Varun Singhal

Clive Staples
It’s a concern if failure, not an acknowledgment o...

We are investing energy and resources since we are absolutely confident that the current issue of liquidity would be resolved going forward espeically with COSMOWASM round the corner. The team has acknowledged that liquidity needs to improve and has taken steps in that direction. We are supremely confident that DEX volume in the future would significantly increase. Also, since we are not AMM based DEX, hence judging the exchange right now would be too early.

0

08.05.2022

Clive Staples Автор вопроса

Varun Singhal
We are investing energy and resources since we are...

Thank you sir. That’s what I needed to hear.

0

08.05.2022

Clive Staples Автор вопроса

Varun Singhal
We are investing energy and resources since we are...

Can you explain in a simple manner how cosmwasm will improve liquidity?

0

08.05.2022

Varun Singhal

Clive Staples
Can you explain in a simple manner how cosmwasm wi...

It will enable smart contracts and therefore would allow retail investors like you and me to provide on-chain liquidity through LP tokens like we do in other AMM like Uniswap &osmosis. Thus, our dependence on MM would tremendously reduce.

0

08.05.2022

Clive Staples Автор вопроса

Varun Singhal
It will enable smart contracts and therefore would...

I understand. Nice. Are we talking within six months?

0

08.05.2022

Varun Singhal

Clive Staples
I understand. Nice. Are we talking within six mont...

Yes

0

08.05.2022

@cryptoman41

Varun Singhal
We are just emphasising that we are more than just...

👍

0

08.05.2022

M.M. 🧬

Clive Staples
It’s a concern if failure, not an acknowledgment o...

real concerns, wow tesla stocks, now im concerned 2

0

08.05.2022

M.M. 🧬

Varun Singhal
We are investing energy and resources since we are...

thats ok :)

0

08.05.2022

M.M. 🧬

Clive Staples
I understand. Nice. Are we talking within six mont...

now invest more :)

0

08.05.2022

Clive Staples Автор вопроса

M.M. 🧬
real concerns, wow tesla stocks, now im concerne...

You haven’t been here long enough or you don’t know the history well enough ser.

0

09.05.2022

Aloha

M.M. 🧬
real concerns, wow tesla stocks, now im concerne...

I think it s more about legal issues. MIR protocol ignored legislation and has now law case with the SEC, US government.. I am very optimistic about this year s development. Market sentiment can nit change my view on INJ s energetic development. I see many projects who did not make it through the recent 12months.

0

09.05.2022

Varun Singhal

Aloha
I think it s more about legal issues. MIR protocol...

Just to clarify there are no legal issues with regards to listing of TESLA or any other stock. The issue with such a market is liquidity. This is a problem which is not limited to use but also other DEX such as SYNTHETIX which may be trying to do this. In the future, when we have passive liquidity, exotic listings such as stocks, commodities would be very much possible. THERE IS NO LEGAL OR REGULATORY HURDLE WHATSOEVER.

0

09.05.2022

Varun Singhal · Accepted Answer

Varun Singhal

We are just emphasising that we are more than just a DEX. This is because with COSMOSWASM we are going to see rapid expansion of ecosystem beyond just DEX. I do not know where the failure aspect is coming. Clearly, our incentives under T&E and DMM clearly indicate that we are committed to the exchange Dapps. We will have more Dapps in the future which would not be focused on exchange but rather on Defi applications

0

08.05.2022

209 похожих чатов

So Injective initially sold itself as a decentralized derivatives exchange.

15 ответов

Похожие вопросы