Injective Releases INJ and Proposed ETF Operations Guide, Detailing Tokenomics and On-Chain Financial Applications

October 9: Injective published an article explaining the relationship between its blockchain network, the native token INJ, and the proposed Canary Staked INJ ETF (ticker INJC). Injective stated that its blockchain provides trading settlement infrastructure for financial applications, while INJ is used to pay network fees, stake to maintain network security, and participate in governance; if approved, INJC would provide investors with exposure to INJ's price and staking yields through traditional securities accounts.

Regarding the token economic model, Injective provides staking rewards through protocol issuance and reduces circulating supply through token burns. Its Community BuyBack mechanism combines ecosystem revenue with INJ burning; participants can receive a proportional share of a basket of ecosystem asset revenue based on the proportion of INJ they commit, and the INJ they commit will be burned.

On the ETF front, Canary Capital has submitted a related application to the U.S. SEC, proposing that BitGo Bank & Trust custody INJ. According to the application documents, under normal circumstances the fund plans to stake at least 90% of its INJ, and staking rewards will generally continue to be reinvested. The product is currently still a proposed product and still requires regulatory approval.