Leveraged $INJ staking is now available on Injective EVM through 𝘀𝗟𝗜𝗡𝗝, a new single-token product issued by 𝗠𝗶𝗱𝗮𝘀.
sLINJ uses a 𝗹𝗼𝗼𝗽𝗶𝗻𝗴 strategy to increase exposure to INJ staking, with a target APY of approximately 12% in INJ.
𝗞𝗲𝘆 𝗱𝗲𝘁𝗮𝗶𝗹𝘀:
> 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 𝟭% annual
management fee and a 𝟭𝟱% performance
fee on generated yield
𝗠𝗶𝗱𝗮𝘀 smart contracts operate the strategy, while 𝗖𝗵𝗼𝗶𝗰𝗲 𝗘𝘅𝗰𝗵𝗮𝗻𝗴𝗲 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 𝗹𝗼𝗼𝗽𝗶𝗻𝗴 strategy to increase exposure to INJ staking, with a target APY of approximately 12% in INJ.
𝗞𝗲𝘆 𝗱𝗲𝘁𝗮𝗶𝗹𝘀:
> 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 𝟭% annual
management fee and a 𝟭𝟱% performance
fee on generated yield
𝗠𝗶𝗱𝗮𝘀 smart contracts operate the strategy, while 𝗖𝗵𝗼𝗶𝗰𝗲 𝗘𝘅𝗰𝗵𝗮𝗻𝗴𝗲 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
