Injective Protocol to Launch the First-Ever On-Chain S&P 500 Index

Injective Protocol has deployed a governance proposal to launch the first-ever on-chain S&P 500 Index. If approved, the release is scheduled for February 10.

Decentralized exchange (DEX) protocol Injective Protocol has proposed the launch of the first-ever on-chain S&P 500 Index through a governance proposal. If approved, the release is scheduled for February 10.

The S&P 500 Index is a stock market index that tracks the performance of the 500 largest publicly traded companies in the United States. It is one of the most widely followed stock market indices in the world.

The proposed on-chain S&P 500 Index will be a synthetic asset that tracks the performance of the S&P 500 Index. It will be available for trading on the Injective DEX.

The launch of the on-chain S&P 500 Index will be a significant development for the DeFi ecosystem. It will provide users with a new way to gain exposure to the traditional stock market.

Here is the official tweet by INJ:

INJ InfoINJ

First-ever on-chain S&P 500 Index is coming to Injective.

If the governance proposal is approved, the on-chain S&P 500 Index will be released on February 10. It will be the first-ever decentralized and permissionless derivative tracking the performance of the S&P 500 Index.

Get ready for a new era of DeFi innovation!