Welcome to Injective's June Monthly Newsletter!

June has been a groundbreaking month for us, and we're proud to share this month's milestones with our community.

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june highlights

• The first and second phases of the Injective mainnet were released, and SCB 10X joined our leading mainnet validators;

• The Injective test network has been fully upgraded, and spot and perpetual contract transactions have been released;

• We launched Equinox Epic Tasks to stress test DEX, and users who complete the tasks will get a 3% increase in Staking APY;

• We have reached strategic cooperation with top projects such as NEAR Protocol, MDEX, Stacks and Formation Fi;

• We hosted many community events, including a live event at the Miami Bitcoin Summit, a YouTube interview with FungBros, getting verified on Twitter and Telegram, and launching an Injective NFT with SuperFarm;

• Launched Weekly Crypto News to keep our community informed on the most important industry news.

1. Mainnet: Phase 1 and Phase 2



First of all, we are very excited to officially launch the first and second phases of the mainnet. Users can now transfer any ERC-20 token into the Injective chain using the Injective Peggy Bridge. They can also stake, participate in all governance processes (such as creating and voting on new markets), and underwrite insurance funds.

Please note: Users must unstake INJ on the Equinox staking page through the testnet link below, and stake your mainnet INJ on the mainnet staking page. The mainnet and the Equinox staking system are separate.

Testnet pledge link:https://staking-testnet.injective.network/

Mainnet pledge link:https://staking.injective.network/

In addition, the release of Injective Canary Chain marks the official launch of the second phase, and the deployment will be officially completed at 1:00 pm UTC on June 30.

At the same time, SCB 10X announced to join the verification node of the main network Injective. SCB is one of the largest commercial banks in Southeast Asia, and its digital technology investment technology department, SCB 10X, has an outstanding performance in ensuring the security of the PoS blockchain.

2. Release of Equinox spot and perpetual contracts

We have launched a fully upgraded Injective trading platform, allowing users to test spot and perpetual contract transactions in multiple markets and prepare for the next phase of the mainnet. Additionally, anyone doing INJ staking can propose new markets and vote on them, making the whole process autonomous by the decentralized community.

This release marks a series of major improvements to the front-end UI and core back-end logic of the Injective order book model, and was covered by BSC News.

3. Equinox Epic Quest



Equinox epic tasks will continue until the official launch of the canonical chain! Users can earn a staking APY boost by making 50 separate trades across 5 different markets and earning a net positive profit or loss.

4. Cooperation and integration

Other results this month included four new strategic partnerships, adding to the vibrancy of our expanding ecosystem.

We have formed a partnership with NEAR Protocol to expand our multi-chain transaction domain.

We work with MDEX to provide INJ holders with the ability to increase their profitability through INJ staking and liquidity mining.

We integrated with Stacks to bring fully decentralized Bitcoin derivatives to Injective.

We joined forces with Formation Fi to create a multi-chain risk-optimized Yield Farming derivative.

5. Community

Even while dealing with a lot of intensive technical development, we didn't stop at community building.

We hosted a live event at the Bitcoin Summit in Miami and got together to discuss the crypto network.

We join Burnt Banksy for an interview with popular YouTuber Fung Bros.

We announced our Injective NFT drop with SuperFarm, now INJ holders can Farm Astros and redeem them for limited edition NFTs.

6. Weekly crypto news

In addition to the Injective ecosystem, the following are the main headlines affecting the market in June:

Bitcoin globalization: This month El Salvador declared Bitcoin a legal tender in the country. To promote popular adoption, the government will issue $30 worth of Bitcoin to any adult citizen who downloads and verifies their identity through the government's official e-wallet. If everyone in the country downloaded the verification, the number of distributions would equal approximately 3,440 BTC, or $117 million.

Steady Institutional Interest: Micro-Strategy Triples Bitcoin Accumulation, Issues $1 Billion Class A Shares to Acquire Bitcoin; Cathy Wood's ARKInvest Partners with 21Shares to File with US SEC Bitcoin ETF filing; A16Z raises $2.2 billion for its third crypto fund.

Future plan

Future plan

The end of Equinox staking marks the official end of an era, but with the launch of the Injective mainnet, we will usher in a fresh start.

We couldn't be more excited for the final stage of this journey and thank our community members for encouraging us every day. The next few weeks will be huge for our community as we showcase an unparalleled decentralized exchange protocol to the world.

There will be many important developments in the coming weeks, so don't miss live updates on our Twitter, Discord and Telegram channels. Also, subscribe to our brand new Injective Orbit by email for weekly and monthly updates:http://eepurl.com/hcrjwP