The iAsset Framework on Injective now support a new asset class: Commodities
Commodities include things like precious metals i.e. gold, energy i.e. crude oil, and agricultural products i.e. soybeans. These products are traded every single day to the tune of $60 Trilion USD in volume per year. ‼️
However, today’s current commodity trading landscape is rife with fraud, non-accessibility, and counterparty risk. That all changes today.
Injective’s onchain commodities offer a multitude of advantages over commodities traded on traditional financial rails.
💡Benefits of iAsset onchain commodities
⚡ 24/7 trading
⚡ Fractional ownership (Start trading with $1 USD)
⚡ No counterparty risk
⚡ No geographical restrictions
⚡ Programmable liquidity & utility
⚡ Seamless Leverage
⚡ Full trading transparency
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