Informal Staking has been a validator for Injective since November 2022. At Informal Staking, we believe that blockchains can be used to enable the decentralization of finance-based applications. This will hopefully contribute to more sustainable and transparent economies in the future. Injective provides a finance-specific layer-1 blockchain for developers to build on.
INJ is the native utility token of Injective. INJ is a scarce asset that is used for governance, token burn auctions, and staking on the PoS network. 60% of fees generated through dApps are put into an on-chain buy-back-and-burn auction used to maintain the deflationary nature of INJ. 40% of fees generated by users on dApps built on Injective go directly towards incentivizing new developers building on Injective!
Injective is a layer one blockchain built for finance. It is interoperable, fast, and aims to power the next generation in DeFi applications, including decentralized spot and derivatives exchanges, prediction markets, and lending protocols.