Damnza 𖹭 | 🦇

let me do the tasks

w collab team

will keep an eye

the visuals are looking really nice, gonna check it out :D

$INJ is now accessible through a traditional investment product. but what exactly are investors getting, and what aren't they getting? that's where @injective's INJC comes in. it's the Canary Staked INJ ETF, now listed on Nasdaq. but there's a bit more to it than just another way to get exposure to $INJ. ▸ what is INJC? Canary Capital's INJC is a fund that holds actual INJ and gives investors exposure to its price through a traditional brokerage account. so instead of buying and managing INJ yourself, you can buy shares of the fund through a brokerage account. the fund also aims to earn additional INJ through Injective's proof-of-stake network. ▸ how does the staking work? Canary manages the staking programme through third-party providers, who delegate the fund's INJ to Injective validators. the fund plans to stake most of its holdings, while keeping some INJ unstaked to handle liquidity and redemptions. net staking rewards, after applicable fees, are added to the fund's NAV and restaked. They aren't paid directly to shareholders. and these rewards aren't guaranteed. They depend on network conditions and validator performance, and staking also carries risks such as slashing. ▸ what do shareholders actually own? this is an important distinction. buying INJC means owning shares in a fund that holds INJ. it doesn't mean you own the underlying tokens directly. you can't move those shares to a crypto wallet, use them in Injective apps, stake them yourself or participate in onchain governance. you're getting exposure to INJ, not direct access to the network. ▸ a couple of things to keep in mind INJC trades on Nasdaq, but it isn't registered under the Investment Company Act of 1940, so it doesn't have the same regulatory protections as funds registered under that act. Canary also lists a 1.10% annual sponsor fee. Staking fees and any brokerage costs are separate. ▸ why this matters not everyone who wants exposure to $INJ wants to manage wallets, private keys or validators. INJC gives those investors another way to access the asset through a brokerage account they're already familiar with. and tbh, I think that's what makes this launch worth looking at. people can now get exposure to $INJ without having to interact with Injective themselves. it's a different route into the asset, just not the same as actually using the network.

applied, I'm in ghost squad

good luck bro

this is hugeee

good luck bro

and all of them really

@Dashchkkk <3

🩷

okay lemme learn filipino rq

happy?

both rn

jummah mubarak