Leveraged $INJ staking is now available on Injective EVM through ๐๐๐๐ก๐, a new single-token product issued by ๐ ๐ถ๐ฑ๐ฎ๐.
sLINJ uses a ๐น๐ผ๐ผ๐ฝ๐ถ๐ป๐ด strategy to increase exposure to INJ staking, with a target APY of approximately 12% in INJ.
๐๐ฒ๐ ๐ฑ๐ฒ๐๐ฎ๐ถ๐น๐:
> Users can subscribe using $INJ , $WINJ
or yINJ.
> Depositing native $INJ automatically
converts it into $WINJ.
> Users can redeem if they want.
> Standard withdrawals can take around
3 days.
> Instant redemption is possible
when sufficient vault liquidity is
available.
> Payouts are made in $WINJ or
$yINJ.
> Product charges a ๐ญ% annual
management fee and a ๐ญ๐ฑ% performance
fee on generated yield
๐ ๐ถ๐ฑ๐ฎ๐ smart contracts operate the strategy, while ๐๐ต๐ผ๐ถ๐ฐ๐ฒ ๐๐ ๐ฐ๐ต๐ฎ๐ป๐ด๐ฒ only provides the interface and does not hold user funds or control the strategy.
As with other leveraged products, users should also consider liquidation, liquidity and smart contract risks before participating.
#injective #crypto
sLINJ uses a ๐น๐ผ๐ผ๐ฝ๐ถ๐ป๐ด strategy to increase exposure to INJ staking, with a target APY of approximately 12% in INJ.
๐๐ฒ๐ ๐ฑ๐ฒ๐๐ฎ๐ถ๐น๐:
> Users can subscribe using $INJ , $WINJ
or yINJ.
> Depositing native $INJ automatically
converts it into $WINJ.
> Users can redeem if they want.
> Standard withdrawals can take around
3 days.
> Instant redemption is possible
when sufficient vault liquidity is
available.
> Payouts are made in $WINJ or
$yINJ.
> Product charges a ๐ญ% annual
management fee and a ๐ญ๐ฑ% performance
fee on generated yield
๐ ๐ถ๐ฑ๐ฎ๐ smart contracts operate the strategy, while ๐๐ต๐ผ๐ถ๐ฐ๐ฒ ๐๐ ๐ฐ๐ต๐ฎ๐ป๐ด๐ฒ only provides the interface and does not hold user funds or control the strategy.
As with other leveraged products, users should also consider liquidation, liquidity and smart contract risks before participating.
#injective #crypto
