Equinox Rewards and Mainnet Phase One Recap

Today marks the conclusion of Equinox Staking and the official launch of Phase 1 of the Injective Mainnet.

The Injective community demonstrated overwhelming support, with over $50M staked during the Equinox testnet. Key milestones included the refinement of decentralized governance, protocol upgrades, and collaboration with top-tier validators. This collective effort underscores Injective’s commitment to decentralization and innovation.

Behind the scenes, the team conducted rigorous dry runs and audits, culminating in a seamless Phase 1 launch. The Peggy Bridge—a decentralized ERC-20 bridge—has been deployed on Ethereum, with code audited by CertiK for transparency and security.

Equinox Rewards Distribution

Key Details:

• Testnet Conclusion: Equinox staking officially ends today.
• Epic Task Boost: Users who completed the 50-trade challenge across 5 markets receive a 3% APY boost.
• Reward Timeline: Distributed during Phase 3 (canonical chain release).
• Eligibility: Tokens must remain staked until today; early withdrawals forfeit rewards.

👉 Learn how to stake INJ on Mainnet

Calculation Mechanism:

• Open-source here.
• Preliminary rewards: Check your address’s "total" field here.

The Injective Peggy Bridge

Components:

1. Peggy Contract (Ethereum):

   • Enables bidirectional ERC-20 transfers.
   • Secured by 2/3 validator attestations.
   • Temporary upgradability/pause via 3-of-5 multisig for added security.

2. Peggo Orchestrator:

   • Off-chain relayer operated by validators.

3. Peggy Module (Injective Chain):

   • Mints/burns tokens during cross-chain transfers.
   • Implements slashing, rewards, and fees to ensure validator honesty.

Next Steps: Phase 2 (Canary Chain)

Launching next week, Phase 2 enables:

• INJ staking
• ERC-20 bridging
• Governance participation (market proposals, insurance funds)

Goal: Progressive rollouts to ensure stability before live trading.

FAQ

Q: When will Equinox rewards be distributed?
A: During Phase 3 (canonical chain release).

Q: Is the Peggy Bridge fully decentralized?
A: Currently, it has temporary admin controls for safety, transitioning to full decentralization.

Q: How do I check my rewards?
A: See the preliminary rewards list.

Final Thoughts

Injective’s Mainnet launch heralds a new era of Web3 finance, combining speed, security, and community-driven governance.

👉 Explore Injective’s ecosystem

About Injective

Injective is a high-speed L1 blockchain for Web3 finance, offering modular tools for dApps. Backed by Binance, Jump Crypto, and Pantera.