Injective Protocol is a universal Decentralized Finance (DeFi) protocol for cross-chain derivatives trading across a plethora of financial products such as perpetual swaps, futures, and spot trading. The Injective Chain is implemented as a Cosmos SDK module, built with Ethermint (EVM on Tendermint). It utilizes a Tendermint-based Proof-of-Stake to facilitate cross chain derivatives trading across Cosmos, Ethereum, and many other layer-1 protocols. Injective Protocol is collision resistant and utilizes Verifiable Delay Function (VDF) to prevent front-running. INJ is the native asset of Injective Protocol and is used across a diverse range of functions such as: Protocol governance, Exchange fee value capture, Derivative collateralization, Liquidity mining, Staking. The Injective platform enable users to: Take part in decentralized cross-chain derivatives trading with zero gas fees. Access cross-chain yield generation for a multitude of assets. Create and trade on any derivative market with only a price feed, thereby opening up more opportunities for trading on markets not found on other exchanges.