🚀 **Injective Launches World's First Tokenized Index for BlackRock's BUIDL Fund!** 💥
In a groundbreaking move, **Injective** has launched the **BUIDL Index**, the **world’s first-ever perpetual market** designed to track the supply of BlackRock’s $BUIDL Fund. This innovative index offers **24/7 exposure** to tokenized assets, including U.S. treasuries, with options for leverage. 🏦💡
What makes the **BUIDL Index** special? Instead of tracking price, this index focuses on the **underlying supply** of BlackRock’s $BUIDL Fund, giving users the chance to gain unique insights and exposure to supply dynamics. 📊
The **BUIDL Fund**, BlackRock’s first tokenized fund, offers stable U.S. dollar yields with a $1 per token value and distributes monthly dividends. With over **$500 million in assets** under management, it’s the largest tokenized fund to date! 💵
**Perpetual Market Mechanics**:
This index allows traders to take long or short positions based on the fund’s supply changes. If supply goes up, the index price rises; if it drops, the price falls. Traders can speculate on these fluctuations, creating new investment and risk management opportunities. 🔄💥
**Stability First**: Injective has implemented a 1-hour **Time-Weighted Average Price (TWAP)** to keep the market stable and mitigate volatility.
This is a game-changer in the world of tokenized assets! 🌐🚀
#BlackRock #TokenizedAssets #CryptoInnovation #Binance #DeFiRevolution
