Injective and AllianceBlock promise to launch decentralized oi | Top DeFi

Injective and AllianceBlock promise to launch decentralized oil and gas futures

In traditional finance, oil and gas futures cover a multitrillion-dollar market, but until now have not been available in the DeFi ecosystem.

Developers promise that users will be able to access these derivatives "in the coming months" "on a leveraged derivatives exchange with up to 20x leverage." In their view, this partnership "marks an important step forward toward creating a comprehensive bridge between the world of traditional and decentralized finance."

Injective has already added a number of innovative markets to its derivatives exchange, including derivatives for income farming and even stocks such as Tesla. Going forward, Injective will also reportedly look to use AllianceBlock's innovative hedging product for potential non-permanent losses to expand its derivatives trading ecosystem.