A governance proposal to boost the LTV of the USDC/USDT Pool from 70% to 80% in V2 is now up for voting! ๐ณ๏ธ Don't miss your chance to shape the future of our platform.
Cast your vote on Snapshot before April 6th, 3:33 PM UTC.
Act now!
๐ธCast your vote now on Snapshot: https://snapshot.org/#/unilendgov.eth/proposal/0xe03e5134a64b3b6d2cb0fa6c2cab12496500a8273e67233956c8e71764b53a3d
Learn More ๐ https://commonwealth.im/unilend-finance/discussion/16737-proposal-to-increase-the-loantovalue-ratio-ltv-of-usdcusdt-pool-from-70-to-80-in-unilend-v2
#Injective is pleased to announce the launch of the CW404 standard in collaboration with #dojoswap , introducing a new standard for fractional NFTs.
This standard, built upon the foundation of ERC-404 but leveraging the efficiency and cost-effectiveness of the Injective Blockchain, marks an exciting development in the realm of digital assets.
The Pandora NFT collection on Opensea showcases the pioneering ERC-404 token standard, offering a unique amalgamation of fungible and non-fungible characteristics.
ERC-404 tokens exhibit divisibility akin to ERC-20 tokens while retaining the non-fungibility inherent in ERC-721 tokens, thereby presenting a versatile solution for tokenized assets.
The introduction of the ERC-404 standard heralds the emergence of "semi-fungible" tokens, enabling fractional ownership of NFTs and unlocking novel possibilities in liquidity provision and Decentralized Finance DeFi applications.
CW404 represents a meticulously crafted adaptation of the original ERC404 standard, aligning its signatures closely with those of established CW20 and CW721 standards.
Tailored for compatibility with the Injective Blockchain, renowned for its specialization in #DeFi applications, CW404 emerges as a natural fit for decentralized financial ecosystems.
Injective stands as the optimal platform for realizing the full potential of CW404.
Offering developers unparalleled opportunities to innovate and deploy dApps leveraging CW404, Injective's high-speed, low-cost infrastructure sets it apart from competing networks burdened by sluggish transaction rates and exorbitant fees.
From cutting-edge DEX platforms like HelixApp and astroport to innovative DeFi projects like MitoFinance and Gryphon, and powerful tools including kado and payfura.
1๏ธโฃ Data Layer: These nodes index block events from the Injective Chain, offering a trustless data layer for external clients. Anyone can run their own node, ensuring permissionless access to crucial protocol data.
2๏ธโฃ Fee Delegation Service: Additionally, API nodes can provide fee delegation services, covering gas fees for users' transactions.
This enables zero-fee trading on the Injective Chain, enhancing accessibility and user experience.
The #Injective๐ฅ Exchange Client offers a user-friendly interface suitable for both novice and experienced users, accessible either through exchange-hosted servers or locally-run instances.
Additionally, the client interface will be available on IPFS.
๐ฅท#Injective collects 60% of trading fees from users, with the remaining 40% going to Exchange applications. Weekly auctions allow community members to bid with $INJ for the collected fees.
The winning bidder receives the fees and their bid is burned, reducing the token supply.
Another scenario involves an $INJ token moving from a bonded state to an unbonded state.
Tokens in the unbonding phase are not available for free trading. This transition typically spans 21 days during which no rewards are earned. Once initiated, this process cannot be halted.
During this period, the tokens are effectively locked, unable to participate in transactions or yield rewards until the unbonding period concludes.
Staking is the process of locking up your assets (in this case $INJ ) in order to validate transactions on the #blockchain.
When a user entrusts their #INJ tokens to an active validator in exchange for rewards, it results in the augmentation of the validator's stake.
Validators commit their stakes as security collateral to partake in the consensus mechanism.
The frequency of a validator's participation in the process is determined by the size of their stake. Participation in staking rewards validators, incentivizing their involvement.
However, validators risk having their stake reduced if they engage in misconduct.
Importantly, validators do not gain ownership of a delegator's INJ tokens despite their involvement in staking activities.
For further insights into staking โ๏ธ๐ฅท injective.com
๐ฅท #Injective๐ฅ operates as a decentralized #blockchain network, wherein individuals who hold staked $INJ tokens are empowered to engage in governance processes pertaining to the platform.
These processes encompass proposing amendments to #Injective protocols, technological enhancements, or any other modifications relevant to the broader Injective ecosystem.
Through the #injectivehub stakeholders can initiate new proposals via the governance portal, with decisions made through community-wide voting mechanisms.
Just discovered #Injective๐ฅ and I'm blown away by their mission to revolutionize finance ๐
With their lightning-fast blockchain and plug-and-play #Web3 modules, they're paving the way for a truly inclusive and decentralized financial future. $INJ
Excited to be a part of this transformative journey.
UniLend has just rolled out its brand new interface, and it's a game-changer for navigating the dynamic world of DeFi.
Say goodbye to the hassle of searching through endless lists of liquidity pools โ UniLend's innovative platform now offers effortless sorting options that revolutionize your DeFi experience.
With the new interface, finding the perfect liquidity pool has never been easier. Pools are sorted based on factors like liquidity, popularity, and other essential metrics, ensuring that you have access to the most relevant and lucrative options right at your fingertips.
No more wasting time sifting through irrelevant choices or struggling to prioritize your investments. UniLend's intuitive interface puts the power of efficient decision-making in your hands, allowing you to make informed choices and maximize your returns in the rapidly evolving DeFi landscape.
Whether you're a seasoned #DeFi enthusiast or just dipping your toes into the world of decentralized finance, #UniLendFinance new interface is your gateway to seamless and profitable DeFi transactions.
Try it out today and elevate your DeFi game to new heights. ๐ช๐ฏ
Introducing the revolutionary UniLendV2 interface with a game-changing feature: ๐๐ง๐-๐๐ฅ๐ข๐๐ค ๐๐จ๐จ๐ฅ ๐๐ฐ๐ข๐ญ๐๐ก๐ข๐ง๐ ๐๐ฆ
I'm thrilled to unveil this transformative addition that's set to redefine your #DeFi journey.
โก๏ธ Say goodbye to cumbersome navigation and hello to seamless user experience.
Imagine effortlessly transitioning between various liquidity pools without the hassle of constantly returning to the front page.
With #UniLend V2, it's now a reality! Whether you're lending or borrowing, you can now conveniently select different assets directly on the lend/borrow page, enabling swift and smooth transitions between a myriad of liquidity pools.
#UniLendV2 isn't just about innovation; it's about empowerment. #UniLendfinance believe in putting control and ease right at your fingertips, ensuring that navigating the #DeFi landscape is not only efficient but also enjoyable.
โข ๐ฆ๐๐ฟ๐ฒ๐ฎ๐บ๐น๐ถ๐ป๐ฒ๐ฑ ๐จ๐๐ฒ๐ฟ ๐๐ ๐ฝ๐ฒ๐ฟ๐ถ๐ฒ๐ป๐ฐ๐ฒ: Bid farewell to clunky interfaces and embrace a seamless journey through DeFi.
โข ๐๐ณ๐ณ๐ผ๐ฟ๐๐น๐ฒ๐๐ ๐ก๐ฎ๐๐ถ๐ด๐ฎ๐๐ถ๐ผ๐ป: No more bouncing back and forth between pages. With one-click pool switching, you're always in the driver's seat.
โข ๐๐ ๐ฝ๐ฎ๐ป๐ฑ๐ฒ๐ฑ ๐ฃ๐ผ๐๐๐ถ๐ฏ๐ถ๐น๐ถ๐๐ถ๐ฒ๐: Explore a plethora of liquidity pools with unparalleled ease, empowering you to make the most of your assets.
โก๏ธ Ready to experience the future of decentralized finance?
Dive into #UniLendV2 and unlock a world of possibilities with just a click.
Your journey to financial freedom starts here ๐