On-chain submission in planned in the next 24 hours 🚨
We’ve added amendments to the article following DRep feedback primarily around custody.
This proposal:
- provides liquidity to a leading protocol
- help strengthens Cardano’s global competitiveness
- grows treasury capital with sustainable yield
- significantly scales user and tx activity
Hope this proposal gets full support. If approved, a Cardano protocol will be doing tens of billions in yearly volume and also grow the Cardano treasury with a protocol that’s historically been lucrative for liquidity providers.
If we want Cardano to be successful, the entire governance budget can't continue going to infrastructure alone. We must fund liquidity growth for our top products, as well as growing stablecoin liquidity on the chain.
With perps dominating crypto volume across the space right now, @strikeperps presents a golden opportunity to capture outside users and tx activity, and have shown proven capabilities already.
I fully support deepening liquidity on Strike.
We have a trading product that is comparable to the top ones in other ecosystem, one of our last hurdles is liquidity. This solves that for us.
The current Cardano treasury will not last forever as is. But it can if it’s earning good yield to pay for long term development. This solves that for Cardano.
🚨 Official Notice 🚨
Today we publicly announce we’re submitting a Cardano treasury withdrawal proposal to supply 7.5M ADA to our protocol.
The term is one year and the proposed full amount plus all yield will be returned to treasury.
Overview: 🛥️ https://t.co/pLGdqEHiRs
Just the first step. Our goal is to have traders from outside the crypto ecosystem to trade on Strike.
Fiat deposit and 10+ other major blockchain networks are now connected.
Bank transfers, apple pay, and most importantly seamless off-ramping will all come online very soon.
Higher.
Fiat on ramps are now live 🔥
We’re excited to announce you’re now able to directly fund your Strike account with Visa, Mastercard, and 10+ major blockchain networks.
Apple pay and bank transfers are coming soon…🍎
Link: 🏎️ https://t.co/lXfByjwMYN
The crypto market structure bill has PASSED the Senate Banking Committee with a bi-partisan vote!
Historic day for crypto and for the future of digital assets in America. Grateful for the countless hours from lawmakers and staff to strengthen this legislation. Big improvement from where we were in January on rewards, tokenization, DeFi, and CFTC authority. I'm proud we stood up for our customers in that moment, and the bill is better because of it.
Looking forward to a bipartisan law that cements the US as the world's crypto capital. Let's get CLARITY done.
CLARITY is closer than ever.
The bill is strong. It will benefit the American people by making the US financial system faster, cheaper and more accessible. It will also ensure that the US leads in the global race to build the next generation of our financial system.
Huge thank you to the Senate, their staff, and 3.7m @standwithcrypto advocates for helping to get this legislation to where it is today.
Mark it up.
This marks a new chapter in what possible on Cardano DeFi.
There’s a huge market for supplying USD and earn reliable yield
We now have
✅ firms
✅ whales
✅ project treasuries
All supplying to our vault
🚨 BREAKING: CARDANO DEFI JUST GOT A HUGE UPGRADE.
We’re excited to announce Liquid Staking is now live 🔥
Over 40M ADA value is now unlocked and ready to be deployed without sacrificing any staking yield.
Here’s what it means 👇
In the original staking, you had to lock your strike tokens in a smart contract, meaning you didn’t directly hold them in your wallet.
Now that all changes and you can both:
- hold the strike tokens in your wallet with full custody
- still get your full staking rewards
And then we took it to the next level.
You can now use these $STRIKE tokens in other major DeFi protocols while still earning your full strike staking rewards.
Supported protocols are:
- Minswap
- Splash
- VyFi
- CSwap
- Surf
- FluidTokens
Support for more protocols will be added soon.
Please read docs for full details and check out the examples in the follow up tweet.
Happy staking 🔥
Link: 🎮 https://t.co/QJLjhmRPZ6
Docs: 🕹️ https://t.co/RqYw6XHqND
I'm expecting Saylor to buy $2-3B of BTC over the next 2 weeks via STRC, sending BTC above $80k.
People capitulated and sold the bottom and there aren't enough marginal sellers to push us lower anymore.
Expect buying to start this week and accelerate into May 14th.
V2 now has the foundation we were hoping for and we’re about ready for the next leg of expansion
So far $10M in volume, over $1M in deposits and 1,000 users.
All-time we’ve done over $1B in volume with over 100,000 transactions.
Liquidity providers have made over $5M and top traders have walked away with over $1M in profit
Thanks to everyone for the support so far and let’s get ready for our next chapter… 🛳️