Injective, a layer one blockchain focused on Web3 finance applications, has released Cascade, the first-ever Solana SVM rollup for the IBC ecosystem. The integration will allow Solana developers to quickly deploy their contracts and dApps onto Injective and enable them to go multichain across Solana and IBC seamlessly. Cascade helps unlock the $9 billion+ Solana developer ecosystem for Injective, marking a new age of interoperable Web3 infrastructure.

The Solana Sealevel Virtual Machine (SVM) is Solana’s parallel smart contract runtime, which is capable of parallel processing, much like Injective’s core infrastructure. The launch of Cascade was made possible by contributors to Injective and customizable rollup provider Eclipse. The Cascade launch consists of a few deployment phases, with the testnet beta involving an SVM sequencer operated by the Eclipse team. This sequencer receives transactions from Solana wallets and smart contract deployments from the Solana command-line interface (CLI), and blocks produced are posted to a data availability layer.

Injective has already connected Solana with the interchain ecosystem by integrating both Wormhole and Pyth, and Cascade further expands the potential synergies across Solana, Injective, and Cosmos by bringing a familiar Solana developer environment to the world of IBC. Developers who are familiar with Solana tooling and language can now easily write and deploy their applications to the Cosmos ecosystem through Cascade without needing to learn new programming languages or tooling.

Moving forward, Cascade will continue to implement the latest technical breakthroughs, reaching higher levels of security and scalability. The current plan is to integrate the interchain security (ICS) model to secure Cascade alongside new VM rollups deployed by Injective, allowing Cascade to borrow shared security from the entire Cosmos ecosystem. New security parameters coupled with a modular data availability layer such as Celestia would afford Cascade with an unprecedented upper bound of scalability.

Eric Chen, co-founder and CEO of Injective Labs, stated, “Cascade will not only empower developers from Solana to deploy their dApps on Injective, but it will also create more opportunities for users to experience the best Web3 applications in one integrated network.” The Cascade launch marks the start of a new age of interoperable Web3 infrastructure underscored by hyper scalability. This new integration will not only attract a new audience to the Solana SVM but will also enable Cosmos users to utilize popular Solana dApps deployed on Injective, resulting in increased Web3 adoption across the board.

Injective is incubated by Binance and backed by prominent investors such as Jump Crypto, Pantera, and Mark Cuban. With the launch of Cascade, Injective is continuing to build the most dynamic ecosystem for Web3 finance. Developers and builders can visit the official Cascade developer docs to get started on the public testnet. A migration to mainnet is planned in the near future.

#Injective #Solana #crypto2023 #BTC #azcoinnews

This article was republished from azcoinnews.com

The White Whale (WHALE) spot market is now available on Helix, the premier on-chain crypto exchange built on Injective. 
To celebrate the listing of WHALE/USDT Spot on Helix, the White Whale team is sponsoring 500,000 WHALE tokens to Helix traders worldwide. In order to participate, users can join the Trading Competition and LP Rewards to win exclusive rewards while trading on Helix. 
Trade to Win 500,000 WHALE in LP Rewards & Trading Competition
In celebration of the listing, the White Whale team is providing 500,000 WHALE in prizes for Helix traders through two campaigns: LP Rewards and Trading Competition. Both campaigns will run for 8 weeks from the market launch.
1. LP Rewards
LP Rewards allow traders to use Spot Grid Trading Bots for liquidity provision in Helix markets. As a liquidity provider, you qualify for rewards based on the trading volume generated by your grid trading bots. Here's a step-by-step guide to get started:
Navigate to "Liquidity" in the top bar on Helix.Deploy your grid trading bot on the WHALE/USDT spot market, providing liquidity within the specified price range.Based on your grid trading bot's generated trading volume, you can claim token rewards at the campaign's conclusion.Your rewards are proportional to the total volume produced by your grid trading bot. Track your estimated rewards on the leaderboard in the "LP Rewards" section under "Rewards."
Competition Details:
Campaign duration: November 28th, 2023, 3 PM UTC, to January 23rd, 2024, 3 PM UTC.No sign-up required.Transactions using Liquidity Bots exclusively on the WHALE/USDT Spot market on Helix count towards the campaign.A "Claim" button will appear after the campaign, allowing easy reward collection.Total rewards: 300,000 WHALE.
2. Trading Competition
The volume trading competition rewards the Top 20 volume traders on the WHALE/USDT market in the first and second four weeks since the market launch. This competition offers exclusive prizes and additional benefits, including market-leading rebates, zero gas fees, fast speeds, and top-notch security.
Competition Details:
First half: November 28th, 2023, 3 PM UTC, to December 26th, 2023, 3 PM UTC.Second half: December 26th, 2023, 3 PM UTC, to January 23rd, 2024, 3 PM UTC.No sign-up required.Only transactions on the WHALE/USDT Spot market on the Helix frontend will be considered.Rewards will be given to the Top 20 traders with the highest effective real volume in each four-week period (5,000 WHALE per winner).Trading volume includes both buys (long) and sells (short), excluding wash trades.Winners announced by December 30th, 2023, and January 30th, 2024.Total rewards: 200,000 WHALE.
WHALE-USDT Market Details:
Base asset: WHALEQuote asset: USDTMinimum price tick size: $0.00001 WHALEMinimum quantity step: 10 USDTTrade and earn multiplier: 1X maker pts; 1X taker ptsFee: -0.01% maker fee; 0.1% taker feeTrading hours: 24/7/365.
This article is for informational purposes only and is not financial advice or an endorsement of a particular project or application. Use of Helix is subject to Helix’s Terms and Conditions. 
About Helix
Helix is the premier decentralized crypto exchange. Helix provides access to unlimited crypto assets and perpetual markets with market leading rebates. Best-in-class security, near zero fees, lightning fast speeds, cross-chain capabilities and a fully on-chain orderbook on Helix provide the optimal gateway to bring crypto trading to the masses. Helix is built on Injective, the interoperable layer one blockchain for building powerful exchange, DeFi, derivatives & Web3 applications.
$INJ #Injective #helix #activity