Injective Protocol to Launch S&P 500 Index on February 10th
2025-02-08
Category: None


Injective Protocol has deployed a governance proposal to launch the first-ever on-chain S&P 500 Index. If approved, the release is scheduled for February 10.
 Refer to the official tweet by INJ: 
Injective has deployed a brand new governance proposal to launch the first ever on-chain S&P 500 Index.
If approved, the release will occur on Monday, setting a massive milestone for all of finance.
The future of RWAs is here. The future of finance is here on $INJ pic.twitter.com/wvavSOtV6i
INJ Info
Injective Protocol is a decentralized exchange (DEX) protocol built on the Cosmos SDK, offering advanced cross-chain trading capabilities.
Key features of Injective Protocol include:
1. Decentralization: On the Injective platform, users have full control over their funds, with no third-party intervention.
2. Cross-chain trading: Injective supports trading between different blockchains, providing users with a wide range of tradable assets.
3. High performance: Injective utilizes the Tendermint consensus system, ensuring high throughput and low transaction latency.
4. Gas-free transactions: Users can trade without the need to pay gas fees.
INJ is the native token of Injective Protocol. The token is used for protocol governance, staking, and participation in voting processes that address key protocol upgrades and management decisions.