Injective has announced the official passing of proposal IIP-494 for the Nivara Chain Upgrade. Scheduled for February 18, 2025, the upgrade will bring significant improvements and new functionalities to the network.
Key Features of the Nivara Upgrade
The Nivara upgrade represents a major enhancement of the Injective system. It includes:
- **Modernized RWA Module Architecture**: It includes improved access control mechanisms and flexible configuration options. - **Expanded Authorization Framework**: Features Authz grants support for wasmx/MsgExecuteContractCompat to ensure security and governance compliance. - **Enhanced Exchange Module Security**: Market fund isolation in derivatives and binary options markets. - **Reinforced Bridge Security**: New mechanisms to handle potentially suspicious deposits and ensure transaction transparency.
Injective’s EVM Integration and Strategic Expansion
Injective plans to integrate native Ethereum Virtual Machine (EVM) support into its blockchain infrastructure. This will improve Injective's performance and interoperability in the DeFi ecosystem, making it easier to migrate applications from Ethereum to Injective. This full integration helps the platform avoid dependencies on third-party solutions.
Expanding Access to Traditional Finance Markets
Injective has launched an on-chain index via its decentralized exchange Helix, allowing users to trade major equities such as Amazon and Apple on-chain. This product operates 24/7 and offers up to 25X leverage.
The Nivara Chain upgrade marks a significant milestone for Injective, bringing enhanced features to the platform and increasing its adaptability within the DeFi ecosystem.
