Throughout the past year, the Stacks Foundation and the Stacks community have been working with the Injective Protocol team to explore Bitcoin-focused derivatives. In our previous announcement
, we covered the possibilities as we kicked off the work. Today, we're excited to announce that Stacks can now be traded
with leverage on a completely decentralized order book. This progress ushers in new capabilities for market participants that were once typically reserved for institutional investors.What does this mean for the community?
STX will now be more accessible in capital markets and traders will have more liquidity and options. For market participants, long-term investing will have 5 times the leverage, and for those who are looking to hedge, they’ll now have a powerful tool to do so.
The Stacks + Injective integration allows users to create perpetual contracts and expiry futures markets for Bitcoin derivatives that are tied to the Bitcoin network directly. Market participants now have greater flexibility in how they approach market creation.
Market participants tapping into these trading capabilities can also expect user-centric protections that include zero gas fees, zero frontrunning, and zero MEV.Here’s a breakdown of benefits in place for users:
- Long and short STX with 5X leverage
- Zero Gas Fees
- Zero frontrunning
- Zero MEV
- Decentralized order book
- Lightning Fast Speeds
- Earn trading fee discounts through VIP tiers
- Earn rewards with every trade
- Own a part of the exchange and determine its future via governance
- Interact with the world of Cosmos IBC