Injective Blockchain Guide and Token Airdrop Strategy
Updated on May 26, 2024.
Most layer 1 blockchains have scalability challenges, where fees go higher when transactions multiply.
There is a layer 1 blockchain that serves as an open interoperable smart contracts platform and claims to only charge $0.01 worth of fees or lower. It is called Injective.
(Also check out: 10 Potential Crypto Airdrops 2024 to Watch Out for in 2024)
Table of Contents
Injective Introduction
Injective (https://injective.com/) is an exchange-focused blockchain for decentralized perpetual swaps, futures, and spot trading. Built using the Cosmos SDK, it adopts a Tendermint proof-of-stake consensus framework.
“Injective unlocks the full potential of decentralized derivatives and borderless DeFi. Every component has been built to be fully trustless, censorship-resistant, publicly verifiable, and front-running resistant, its whitepaper read.
However, though it is an exchange-focused network, dApp developers, and not traders, seem to be Injective’s target, as it calls itself “the only blockchain where developers can find robust out-of-the-box modules,” as it offers a decentralized order book that can be used to build “sophisticated applications.”
There are reasons why developers should consider building dApps on top of Injective, as per its team:
- Optimized for decentralized finance: Injective provides out-of-the-box financial primitives such as a fully decentralized order book to allow developers to create mainstream dApps.
- Interoperable: Injective is natively interoperable across a number of sovereign blockchain networks while also being IBC-enabled.
- Build dApps Using CosmWasm: Injective supports CosmWasm, a novel smart contracting platform built for the Cosmos ecosystem.
- Launch Ethereum and IBC compatible tokens: Since Injective supports cross-chain transactions with Ethereum and all IBC-enabled chains, tokens launched on Injective can be exposed to multiple networks by default.
- Intuitive developer experience: Utilize flexible and expressive development environments powered by Rust and Golang.
This reflects why Injective was considered one of the fastest growing ecosystems when its mainnet turned one year old in November 2022.
“The Injective ecosystem is a network of decentralized applications that focus on providing the best in class user experience. By providing the unrestricted and unprecedented ability to access decentralized financial markets, products, services, and toolings, the Injective ecosystem empowers individuals with the ability to more efficiently allocate capital,” the blockchain promoted
Airdrops in Injective Ecosystem
Injective hosted its airdrop recently.
If you missed it, do not worry, there are still confirmed and potential airdrop campaigns within its ecosystem.
To qualify, you might consider:
- Option 1: Actively use the Injective platform (https://hub.injective.network/) consistently with just a single wallet.
- Option 2: Bridge assets to the Injective network at (https://bridge.injective.network/).
- Option 3: Stake $INJ at https://hub.injective.network/staking.
Here is the list of dapps on the Injective ecosystem with either confirmed or potential airdrop campaign:
Gryphon
Gryphon is a full-chain lending market that claims to integrate liquidity distributed on different chains without cross-chain connection to lower the threshold for user operations and increase assets’ utilization rate.
| Status | Confirmed, currently has a points system. |
| Reason for Airdrop | Token Launch |
| Tasks | Deposit liquid tokens Refer new users |
| Airdrop Link | https://app.gryphon.finance/top_list |
| Socials for Updates | https://discord.com/invite/gryphon https://twitter.com/Gryphon_fi https://t.me/gryphonfi |
It currently has a points system based on the activities on the platform. Users can earn 100 points for depositing 100 TVL every 24 hours. Meanwhile, a referral program is also included to earn points.
Helix
Helix is a decentralized order book exchange for crypto spot and derivatives trading. It claims to offer a simple interface with the ability to place complex orders on both spot and derivatives markets “to help bring crypto to the masses.”
| Status | Confirmed, seasonal only. |
| Reason for Airdrop | Platform promotion |
| Tasks | Join the “Trade and Earn” Campaign Provide liquidity by using its bots Join a guild |
| Airdrop Link | https://www.helixapp.com/trade-and-earn |
| Socials for Updates | https://discord.com/invite/injective https://twitter.com/helixapp_ https://t.me/helixapp |
Mito
Mito is a collection of automated trading vaults that are powered by smart contracts. It offers autopilot trading.
It also has Mito Finance Launchpad, which is a decentralized platform designed to facilitate fair and equitable distribution of tokens for upcoming projects. The developers claim that this platform is expected to serve as a gateway for users to participate in token sales within the Injective ecosystem.
| Status | Potential; it had a leaderboard system before. |
| Reason for Airdrop | Token launch |
| Tasks | Trade using the autopilot feature Stake liquidity |
| Airdrop Link | https://mito.fi/vaults/ |
| Socials for Updates | https://discord.com/invite/mitofi https://twitter.com/mitofinance |
Stride
Stride is a platform that provides liquidity for staked tokens. Users can liquid stake their tokens from any Cosmos chain using Stride. They can then earn both staking and DeFi yields across the Cosmos IBC ecosystem.
Currently, Stride supports liquid staking for Cosmos Hub (stATOM), Osmosis (stOSMO), Celestia (stTIA), dYdX (stDYDX), Injective (stINJ), Stargaze (stSTARS), Evmos (stEVMOS), Terra 2 (stLUNA), Umee (stUMEE), Juno (stJUNO), Comdex (stCMDX), and Sommelier (stSOMM).
| Status | Confirmed, but no date yet. |
| Reason for Airdrop | Community appreciation |
| Tasks | Liquid stake the supported tokens mentioned above. |
| Airdrop Link | https://www.stride.zone/airdrops |
| Socials for Updates | https://twitter.com/stride_zone https://discord.com/invite/stride-zone |
Black Panther
Black Panther Finance is a decentralized asset management protocol designed to help users achieve superior returns on their digital assets through intelligent vaults. These vaults allow users to profit from trading opportunities with just a click of a button.
| Status | Confirmed, in-app activity monitoring is ongoing. |
| Reason for Airdrop | Token Launch, DEX and CEX Listing |
| Tasks | Trade assets in the platform Do social tasks at https://app.galxe.com/quest/blackpanther/GCQMyU24ZU |
| Airdrop Link | https://trade.blackpanther.fi/dashboard |
| Socials for Updates | https://twitter.com/BlackPanther_Fi https://discord.com/invite/DzxwMyQSkE https://t.me/BlackPanther_fi |
Hydro
Hydro Protocol is an infrastructure platform that allows users to customize, select, or administer yield and liquidity strategies on the Injective Network.
Hydro combines the Liquid Staking Derivatives (LSD) products and Real World Assets (RWA) to offer a specialized LSDFi product suite.
| Status | Confirmed, Season 1 is ongoing. |
| Reason for Airdrop | Platform engagement |
| Tasks | Stake $INJJoin Injective Testnet Farm hINJ (For Season 2) Stake $HDRO (For Season 2) |
| Airdrop Link | https://app.hydroprotocol.finance/airdrop |
| Socials for Updates | https://twitter.com/hydro_fi https://t.me/Hydro_LSDfi https://discord.com/invite/mYjW7vynjs |
This article is published on BitPinas: Injective Blockchain Guide and Token Airdrop Strategy
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