Injective Protocol Partners with Kylin Network
Kylin Network is extremely pleased to add yet another DeData ecosystem partner: Injective Protocol. Injective Protocol is a universal DeFi protocol which allows for cross-chain derivatives trading via an interoperable protocol. It will therefore allow users to trade spot swaps and futures in a completely permissionless way. In addition, users will also be able to create their own derivatives and create markets for them on the Injective Protocol.
Being able to access robust and accurate underlying asset price data, especially when dealing with sophisticated futures and derivatives, is not only important, but crucial. Indeed, Injective Protocol will look to Kylin Network to help them power such price-data feeding in an innovative, cost-effective way especially as it pertains to Substrate based assets. An integration with Kylin will also provide them with native access to Polkadot-based asset pricing (no need for wrappers here!).
In keeping with our long-term commitment to cross-chain functionality, this partnership also represents yet another step forward for Kylin Network as Injective Protocol represents a new avenues for users to exchange assets between the Cosmos ecosystem and Ethereum Network.
Injective is also aiming to create a number of unique derivative products that can utilize the native Kylin token. They have already begun to integrate with the Polkadot ecosystem through their work with Moonbeam. They plan to create new indices and futures that would consist of the Kylin token. This would provide our users with new ways for interacting with the Kylin token economy.
Lastly, we will look to potentially co-innovate on oracle scripting parameters that may help operationalize / monetize aspects of their DApp builders’ operations and developments on Injective Protocol.
Dylan Dewdney, CEO of Kylin Network:
“We are extremely pleased to be entering into a strategic partnership with Injective protocol, being able to uniquely offer them DOT-based native asset price-feeding oracle services. In addition, we are huge fans of what they are accomplishing for their users in offering an extremely cost-effective, fast, and truly decentralized DEX.”
Eric Chen, CEO of Injective Protocol:
“Kylin is quite an innovative platform providing data sources for Polkadot based assets. They will play an integral role within the Injective ecosystem moving forward as we look to introduce new cross-chain derivative products that encompass the larger Polkadot based ecosystem.”
About Kylin Network
Kylin Network aims to build a cross-chain platform powering the data economy on Polkadot. It will be the data infrastructure for the future DeFi and Web 3.0 powered by Polkadot. Kylin Network will provide valid, reliable, secure, cost-effective, and easily-coordinated data sources and data analytics.
Contact Kylin Network
- Telegram: https://t.me/KylinOfficial
- Twitter: https://twitter.com/Kylin_Network
- Discord: https://discord.gg/PwYCssr
- Medium: https://kylinnetwork.medium.com/
- Linkedin: https://www.linkedin.com/company/kylinnetwork
- Official website: https://kylin.network/
About Injective Protocol
Injective Protocol is committed to the vision of a highly performant, permissionless, and fully-decentralized exchange protocol. Injective Protocol provides traders with unparalleled access to new decentralized derivatives markets without any restrictions.