Additional rewards given to delegators through certain validators that are separate from staking rewards. Airdrops are generally given by applications in the Injective ecosystem to increase visibility.
A process by which users seek to capitalize on a price difference across markets. Arbitrageurs typically purchase assets in one market and sell them in another market for a higher price.
When a user delegates or bonds INJ to a validator to receive staking rewards. Validators never have ownership of a delegator’s INJ, even when bonded. Delegating, bonding, and staking generally refer to the same process.
A weekly event in which community members can use INJ to bid for 60% of all exchange fees collected by Injective. The INJ used by the winning bidder will be burnt.
The percentage of staking rewards a validator keeps before distributing the rest of the rewards to delegators. A validator’s income relies solely on this commission. Validators set their own commission rates.
A special fund designated for funding community projects. Any community member can create a governance proposal to spend the tokens in the community pool. If the proposal passes, the funds are spent as specified in the proposal.
A system used by validators or miners to agree that each block of transactions in a blockchain is correct. Injective uses the Tendermint consensus framework. Validators earn rewards for participating in consensus. Visit the Tendermint official documentation site for more information.
When users or delegators add their INJ to a validator’s stake in exchange for rewards. Delegated INJ is bonded to a validator. Validators never have ownership of a delegator’s INJ. Delegating, bonding, and staking generally refer to the same process.
Development network. A network that operates independently of the mainnet, allowing users to test new features or products without disrupting the primary network.
The model used by Injective for on-chain order matching. This model uses capital more efficiently compared to Continuous Double Auction (CDA), which is utilized by most of the Centralized exchanges offering crypto derivatives and traditional financial markets. The Frequent Batch Auction model also eliminates front-running possibilities.
Compute fees added on to all transactions to avoid spamming. Validators set minimum gas prices and reject transactions that have implied gas prices below this threshold.
Governance is the democratic process that allows users and validators to make changes to Injective. Community members submit, vote, and implement proposals. One staked INJ is equal to one vote.
A written submission for a change or addition to the Injective protocol. Topics of proposals can vary from community pool spending, software changes, parameter changes, or any change pertaining to Injective.
Inter-Blockchain Communication. The technology that enables different blockchains to interact with each other. IBC allows for assets to be traded and transacted across different blockchains.
Inejctive’s platform for wallets, governance, staking and INJ burn auctions.To learn about the features of Injective Hub, visit the Injective Hub guide.
The maximum value that can be extracted from block production in excess of the standard block reward and gas fees by including, excluding, and changing the order of transactions in a block.Injective is MEV-resistant.
A section of the Injective core that represents a particular function of Injective. Visit the Injective core module specifications for more information.
The minimum amount of votes needed to make an election viable. 33% of all staked INJ must vote to meet quorum. If quorum is not met before the voting period ends, the proposal fails, and the proposer’s deposit is burned.
When a delegator wants to transfer their bonded INJ to a different validator. Redelegating INJ is instant and does not require a 21-day unbonding period.
When a user delegates or bonds their INJ to an active validator to receive rewards. Bonded INJ adds to a validator’s stake. Validators provide their stakes as collateral to participate in the consensus process. Validators with larger stakes are chosen to participate more often. Validators receive staking rewards for their participation. A validator’s stake can be slashed if the validator misbehaves. Validators never have ownership of a delegator’s INJ, even when staking.For more information on staking, visit the concepts page.
The consensus framework used by Injective. First, a validator proposes a new block. Other validators vote on the block in two rounds. If a block receives a two-thirds majority or greater of yes votes in both rounds, it gets added to the blockchain. Validators get rewarded with the block’s transaction fees. Proposers get rewarded extra. Each validator is chosen to propose based on their weight. Check out the Tendermint official documentation for more information.
A version of the mainnet used for testing. The testnet does not use real assets. You can use the testnet to get familiar with transactions and the overall network.
A validator transitioning from the active set to the inactive set. An unbonding validator does not participate in consensus or earn rewards. The unbonding process takes 21 days.
When a delegator decides to undelegate their INJ from a validator. This process takes 21 days. No rewards accrue during this period. This action cannot be stopped once executed.
INJ that is transitioning from bonded to unbonded. INJ that is unbonding cannot be traded freely. The unbonding process takes 21 days. No rewards accrue during this period. This action cannot be stopped once executed.
When a delegator no longer wants to have their INJ bonded to a validator. This process takes 21 days. No rewards accrue during this period. This action cannot be stopped once executed.
An Injective blockchain miner that is responsible for verifying transactions on the blockchain. Validators run programs called full nodes that allow them to participate in consensus, verify blocks, participate in governance, and receive rewards. Only the active set of validators can participate in consensus.
The measure of a validator’s total stake. Validators with higher weights get selected more often to propose blocks. A validator’s weight is also a measure of their voting power in governance.
