The stINJ/INJ spot market is now available on Helix.

This is the first time that stINJ, a tokenized derivative of staked INJ, has been made available on a decentralized exchange.

What is stINJ?

stINJ is a tokenized derivative of staked INJ enabled by Stride, an interchain protocol specializing in liquid staking. Stride is not only the first liquid staking zone for the Cosmos ecosystem but also facilitates the most liquidity for major tokens such as ATOM.

When you stake INJ on Stride, you will receive stINJ in return. stINJ is a representation of your staked INJ tokens that can be utilized elsewhere. So while your INJ is staked and earning rewards, you are able to take the stINJ to participate in distinct DeFi protocols. stINJ can also be redeemed for INJ at any time with Stride.

Why is liquid staking important for INJ?

Liquid staking improves capital efficiency and maximizes yield for users, in addition to allowing users to earn passive income through staking. Without liquid staking, using a token in DeFi requires that it be unstaked, thereby forfeiting its staking reward. But with liquid staking, INJ can be used to both participate in DeFi and earn staking rewards, lowering the barrier to DeFi usage.

Why trade stINJ/INJ on Helix?

Helix is the only truly decentralized derivatives exchange. It offers a wide range of features and benefits, including:

• Zero gas fees: There are no gas fees on Helix, so you can trade without having to worry about high fees.
• Best-in-class security: Helix is built on the Injective protocol, which is one of the most secure blockchain protocols in the world.
• Lightning-fast speeds: Helix is designed to be highly scalable, so you can trade quickly and easily.
• Cross-chain capabilities: Helix supports the trading of assets from different blockchains.
• Advanced order types: Helix offers a variety of order types, including market orders, limit orders, and stop-loss orders.

How to trade stINJ/INJ on Helix?

In order to trade the stINJ/INJ spot market on Helix, you will need to have either stINJ or INJ in your Injective Wallet. You can deposit assets to Injective in the following ways:

• Get INJ onto Injective: You can purchase INJ from a centralized exchange and transfer it to your Injective wallet.
• Get stINJ on Stride: You can mint stINJ by staking INJ on Stride.
• Onboard with fiat: You can also onboard onto Helix using popular fiat currencies by selecting from one of the fiat on-ramp providers such as Kado, Transak or Payfura.

Once you have stINJ or INJ in your Injective Wallet, you can start trading on Helix. To do this, follow these steps:

1. Go to the stINJ/INJ spot market on Helix.
2. Choose the type of order you want to place, either Market or Limit order.
3. Enter the amount you want to Buy or Sell, submit your order and approve it with your wallet.
4. Once the order is approved successfully, you will see a notification “Your order has been placed.”