DeFi for all: This protocol addresses liquidity fragmentation and complex interfaces

Interacting with decentralized exchanges may sometimes be challenging. Injex, a DEX aggregator, seeks to simplify the experience for newcomers and traders.

The decentralized and permissionless nature of blockchain assigns full responsibility of a transaction to users. However, people who are unfamiliar with the technology or trading dynamics may find it hard to perform actions like using a digital asset wallet or navigating through decentralized finance (DeFi) platforms.

DeFi platforms can be intimidating for such users due to their complex interfaces and the technical knowledge required to use them efficiently. The liquidity fragmentation across numerous decentralized exchanges (DEX) makes it challenging for both novice and tech-savvy users to find the best prices without significant slippage.

DEX aggregators, a rapidly growing market that gained over 20% trading dominance compared to DEXs, simplify DeFi navigation by bringing together various exchanges and providing a one-stop solution for users.

Simplifying DEX navigation

Injex Finance is a community-owned DEX aggregator that implements practical and innovative solutions to address issues faced by traders. Built on Injective Network, it connects to various DEXs within the DeFi ecosystem to offer optimized price execution in decentralized trading.

Injex pools together liquidity and ensures users have access to deeper liquidity pools (LP) and the best possible rates with minimal slippage by evaluating LPs based on liquidity availability and depth, transaction fees, pool volatility and trade history. As the next step, the algorithm scores LPs and selects based on this scoring.

Users are also allowed to set their slippage tolerance, and trades are optimized within the range defined by the user. The protocol may opt to split the swap order by employing a hybrid order book model and execute it in multiple legs to keep slippage at a minimum.

Injex Finance allows for a streamlined trading experience across the DeFi ecosystem.

The aggregator’s working mechanism eliminates the need to rake through dozens of DEXs, makes it possible to keep track of all offers available on Injective exchanges and allows users to develop optimized trading strategies.

On the design side, the protocol focuses on creating an intuitive and user-friendly interface that simplifies complex DeFi interactions. Easier interactions result in lower entry barriers for new users and enhance the trading experience overall.

Injex offers features such as flash loans to further mitigate slippage. An innovative feature, real-time gas adjustment, optimizes gas prices with a dynamic model to provide users with access to more favorable options. Advanced trading tools, including limit orders, stop-loss orders and time-in-force orders, are also in the pipeline.

Advanced tools coming soon

Injex recently completed the first round of INJX presale. INJX is the governance token of the Injex ecosystem that grants owners access to exclusive features, airdrops and loyalty rewards through staking. INJX presale is now in the second phase.

Injex has partnered with key participants of the Injective ecosystem, including multichain IDO launchpad BullPerks and Neptune Finance —the biggest lending protocol on Injective with over $10 million in total value locked.

@CoinLiquidity 🤝 @Injex_fi

We're excited to announce our partnership with #Injex Finance, the innovative DeFi trading aggregator built on the #Injective blockchain. 💎

As market makers, we'll be supporting the $INJX token to optimize trading experiences across Injective's… pic.twitter.com/XGoKmt6rV3

— CLS GLOBAL (@CoinLiquidity) April 18, 2024

DEX aggregator also made a strategic deal with CLS Global,  a crypto trading service provider, to support the INJX token. Injex aims to attract more newcomers to the Injective ecosystem with this alliance.

The protocol plans to strike DEX partnerships within the Injective ecosystem, implement a token burn mechanism, start the mainnet and activate DAO governance in the latter half of the year. Limit orders and time-in-force orders will be launched in the same period. Stop-loss orders, interoperability bridge and customizable interface are planned for next year.

INJ 3.0 is officially live on mainnet, allowing $INJ to become one of the most deflationary assets in all of crypto.

Over the next two years, the supply of INJ will be decreased on an accelerated pace.

A new era of Injective begins now. pic.twitter.com/oHOIZm2i3h

— Injective 🥷 (@injective) April 23, 2024

Decentralized finance is rapidly gaining traction, and Injex Finance, with a vision to foster a future where DeFi becomes a cornerstone of everyday financial transactions, aims to push DeFi beyond its boundaries to render it more beneficial for users.

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