deINIT is now live on Echelon’s Core Market on @Initia.
Built by @dropdotmoney, deINIT wraps a staked INIT–USDC LP into a single, yield-bearing asset. Supply deINIT to earn dual rewards and boosted esINIT through Initia’s VIP program.
Better to have this conversation now than later, curious how the @initia core team thinks about the -3,-3 situation? There's already an early sign where the INIT funding rate has gone negative recently. If we look at the funding history of BERA, it's been very negative (-50% or more) most of the time, even at today's price, likely due to many delta neutral farmers farming BGT and shorting BERA. How can Initia prevent (or stop) this negative feedback loop?
Initia has been live for two months and we haven't seen too many organic activities, although VIP is much more conservative than POL on incentivizing idle liquidity, plus the VIP reward is locked for 1 year, and Cabal's sxINIT is not liquid yet, it's still reasonable for the community to worry why INIT will not run into the same issue BERA ran into.
@ItsAlwaysZonny @sinitias
Now it is necessary for the Initia team to publicly discuss how INIT can avoid the negative cycle situation that BERA encountered? Although VIP is much more conservative than POL, with fewer useless incentives, the rewards are locked, and Cabal's (Initia's infrared) LST is not yet circulating, but what other angles are there?
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Coinangel | GMB LABS
So far, the spot listings after the Futures Pre-Market announcements have been 100% successful.
4/5 $BABY Futures Pre-Market announcement
4/10 Spot listing
4/16 $INIT Futures Pre-Market announcement
4/24 Spot listing
5/2 $SXT Futures Pre-Market announcement
5/8 Spot listing
Today (6/19) $NEWT Futures Pre-Market announcement
It seems like the spot listing will be 100%, but the key will be whether Yap rewards will be given without vesting. Still, I think Yap is currently the easiest and most effective option. Let's all do our best!
#NEWTON @MagicNewton
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Echelon
Echelon is once again the largest participating protocol on @CabalVIP, making up over 50% of total bribes for @initia's stage 5 voting.
Thanks to Cabal, over 45,000 additional esINIT incentives will be distributed to Echelon users utilizing USDC, INIT, milkINIT, and more 👀
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About Initia (INIT)
Initia is a network for interwoven rollups — they are holistically rebuilding a new multi-chain world across the architecture, product, and economic stacks using the Initia L1 and an interwoven system of L2s. Initia has made innovations in three main categories: architecture/tech stack, user-facing frontend product, and protocol-level incentivization frameworks. $INIT is the native token of Initia L1.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 352 new posts about Initia, driven by 247 contributors, and total online engagement reached 45K social interactions. The sentiment score for Initia currently stands at 85%. Compared to all cryptocurrencies, post volume for Initia currently ranks at 5281. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Initia.
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Posts
352
Contributors
247
Interactions
44,651
Sentiment
85%
Volume rank
#5281
X
Posts
316
Interactions
40,558
Sentiment
86%
Initia FAQ
What is cryptocurrency?
Cryptocurrencies, such as INIT, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as INIT have been created as well.
Can I buy INIT on OKX?
No, currently INIT is unavailable on OKX. To stay updated on when INIT becomes available, sign up for notifications or follow us on social media. We’ll announce new cryptocurrency additions as soon as they’re listed.
Why does the price of INIT fluctuate?
The price of INIT fluctuates due to the global supply and demand dynamics typical of cryptocurrencies. Its short-term volatility can be attributed to significant shifts in these market forces.
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