Hassan Maishera
On Tuesday, the Injective team announced via a blog post that TruFin has successfully launched on Injective, bringing the institutional-grade liquid staking solution, TruStake, and its liquid staked token, TruINJ, to Injective.
TruFin provides institutional-grade Web3 primitives, such as liquid staking, that can be used as the foundational building blocks for digital asset strategies. They aim to provide a compliant-first approach to generate rewards from staking revenue, all done transparently on-chain.
TruStake on Injective will further enhance usability for users, and it is supported by automatic re-staking of rewards. This automated process maximizes capital efficiency for staked assets without needing constant manual oversight to re-invest or unstake/restake. The TruStake solution allows users to stake their INJ while retaining liquidity to put to use across the DeFi ecosystem, such as liquidity pools, borrow and lending markets, and other yield strategies.
Injective is an open, interoperable layer-one blockchain for building powerful DeFi applications. Injective uniquely provides plug-and-play financial infrastructure primitives, such as a high-performance on-chain decentralized exchange infrastructure, decentralized bridges, oracles, and a composable smart contract layer with CosmWasm. INJ is trading at $33.15, up 7% in the last 24 hours.
