Main developments continue in the Injective (INJ) ecosystem. Recently, the Injective community successfully voted on a key proposal. This has led to the integration of a new Lending Protocol Module in Injective.
The key experience of Injective's decentralized governance is that the community has to make the main decision to reduce the platform's utility.
Community vote has been made to integrate the new Lending Module. This will shift Injective's Main focus from trading to being fully dependent on lending.
Injective's experience will now encompass a complete DeFi stack (Decentralized Trading, Derivatives, and now Lending). This provides users with the best financial experience.
Idle capital on the chain needs to be utilized, which will reduce the network's TVL (Total Value Locked).
The main focus of key leadership is to secure Injective's future. This has led to the highest allocation of funding in the Ecosystem Grant Program.
Grants have been increased to attract the best developers. This will lay the foundation for key and innovative DApps on the platform.
Injective's long-term growth needs to be dependent on exploring new financial use-cases and establishing a main advantage in the market.
These recent updates also positively impact the utility and deflationary power of the INJ token.
Fees need to be generated through the new Lending Module, which will eventually reduce the supply of INJ through the weekly burn mechanism.
Injective's key developments and main focus are dependent on institutional compliance. This aims to make it the most ideal platform for large financial institutions in the future.
The future of Injective (INJ) is bright. Community-led main updates and strategic grants will maintain its key leadership position in Global DeFi.
Which Lending Protocol do I want to see being deployed on Injective's new Lending Module?
