Choice Launches sLINJ With About 12% Target APY for INJ Staking

Choice launched sLINJ on Friday, Oct. 30, packaging a leveraged staking strategy for Injective (INJ) into a token designed to spare holders from managing multiple positions themselves.

The product targets an annual percentage yield (APY) of about 12%, paid in INJ. Users can subscribe with native INJ, which is wrapped automatically, or with WINJ or yINJ.

MidasRWA issues sLINJ, which is available through Choice on Injective EVM, the network’s environment for Ethereum-style smart contracts. The approximately 12% APY is a target, not a promised return.

The token carries a 1% annual management fee and a 15% performance fee on yield earned. Redemptions may take about three days; instant withdrawals depend on the liquidity available in the vault.