Injective in collaboration with DojoSwap, proudly announces the release of the CW20-reflection standard. This groundbreaking innovation marks a significant leap forward in token creation, empowering developers with unprecedented flexibility and fueling the emergence of a diverse range of new applications.

Addressing the Gap:

Within the major layer-one ecosystems, Injective has long been recognized as a key financial hub. Committed to fostering the adoption of financial primitives and embracing open standards, Injective has consistently driven major innovation in the crypto world. However, a notable gap existed within the ecosystem - the absence of reflection tokens, particularly within the broader Cosmos ecosystem. This absence posed a potential barrier to the creation of new forms of financial derivatives, hindering the development of a new category of DeFi applications.

CW20-reflection: Unveiling New Horizons

In response to this gap, Injective and DojoSwap have joined forces to introduce the CW20-reflection standard. This standard, open-sourced for all Injective and Cosmos ecosystem developers, draws inspiration from its EVM counterparts while being tailored for CW20 function signatures. CW20-reflection offers unique functionality in two key ways:

1. Pure Taxed Token:

Each token transfer incurs a tax, with the collected tax either burnt or sent to a treasury contract for withdrawal. This mechanism provides developers with intriguing use cases for creating “tax-on-transfer” tokens, where taxes are incorporated into tokenomics.

2. Reflection Token:

The collected tax is used to obtain a target token, such as through the DojoSwap DEX, which is then distributed back to reflection token holders. Value Proposition for Injective:

The CW20-reflection standard aligns perfectly with Injective’s ethos, offering numerous advantages:

Lowest Gas Fees: Injective provides the most cost-effective environment for reflection tokens, ensuring cost-efficient transactions for users. Deep Trading Liquidity: Injective exchange dApps provide the deepest trading liquidity compared to other DeFi ecosystems, facilitating efficient trading environments crucial for the operation of reflection tokens.

A New Era of DeFi:

The introduction of the CW20-reflection standard marks a significant milestone in the development of financial primitives. Developers now have the freedom to mix and match functionalities to create unique implementations tailored to specific project needs. The standard’s first use case, demonstrated on DojoSwap, illustrates its potential to generate fees and empower users within the ecosystem.

Injective Continues to Drive Innovation:

The launch of the CW20-reflection standard reaffirms its position as the leading L1 for finance. By enabling developers to build unique financial primitives, Injective remains at the forefront of revolutionizing the crypto landscape. With the CW20-reflection standard, the possibilities are endless, ushering in a new era of decentralized finance.

Additional Notes:

• Ease of Integration: The CW20-reflection standard is easily integrated with existing CW20 tokens, making it simple for developers to transition to the new model.

• Compatibility: CW20-reflection is compatible with other Cosmos token standards, promoting interoperability and liquidity within the ecosystem.

• Research Potential: CW20-reflection opens up new avenues for research in tokenomics and DeFi, stimulating novel ideas and solutions.

Overall, the launch of CW20-reflection is a landmark event for Injective and the entire Cosmos ecosystem. This innovation not only empowers developers but also paves the way for a more diverse, inclusive, and feature-rich DeFi landscape, further solidifying Injective’s position as a pioneer in the ever-evolving realm of decentralized finance.