This week so far:
- listed SpaceX
- approaching 1 million trades
- released Pair Trading
- listed NEAR
- vault APR over 20% on stables
- V2 surpassed 2,500 users
- open interest all time high
- released Credit Line (lp deposits)
- submitting treasury proposal shortly
More… 🏎️
One of the fastest growing features in the global perps ecosystem is now live on Strike 🔥
Introducing: Pair Trading 🏎️
This allows users to express a view on one asset versus another, such as going long ADA while shorting majors like BTC or ETH, with the goal of capturing ADA’s relative outperformance.
Link: 🕹https://t.co/ReWPxIWC2Q
🚨 Attention Cardano 🚨
We’ll be submitting our treasury proposal onchain within the next 24 hours.
This gives the Cardano treasury sustainable yield while providing one of the ecosystem’s leading protocols with the necessary liquidity to compete on a global stage.
Why this matters:
- Perpetual futures account for roughly 75% of on-chain trading activity across crypto.
- We’ve done over $1 billion in trading volume and paid out more than $3M to liquidity providers
- We believe we’ve demonstrated strong product market fit and a proven ability to generate activity
Additional liquidity would give us:
- deeper markets
- better executing and tighter spreads
- greater capacity for users
- the ability for a Cardano product to compete more effectively in one of the industry’s largest sectors
We believe growing treasury capital while supporting our largest protocols should be a key priority as Cardano focuses on growth and long-term sustainability.
Link: 🕹 https://t.co/GkTJcOZxzx
We’re excited to announce our newest feature: Credit Line 💳
LP assets can now be used as collateral on Strike 🔥
Take your LP tokens from the USDCx/USDM pair and deposit them into Strike to fund your account for trading or supplying liquidity.
This is the largest stablecoin pool on Cardano and people will be able to:
1. earn money from the dex liquidity pool
2. earn money from the Strike vault
Double yield, because everyone makes money on Strike.
More pairs coming soon.
Link: 🛥️ https://t.co/JnnDR0j57F
Full details: 🕹️ https://t.co/LRnbIaDf4l
Unicorn or bust.
Can’t speak for the the rest of the industry, but we’re in one of the best places as a protocol and community to take over and dominate the industry over the next couple of years.
We have a product with huge stickiness that’s getting better each day, multiple growth avenues, making a ton of profit for holders and liquidity providers, backed by our team which (hopefully) has proven to be one of the most competent in the world.
Team has been extremely responsible financially, holding reserves in USD, taking modest salaries, and now sitting on a DAO with the community worth 25M ADA.
Markets have been tough and they could get tougher. But we’ve positioned ourselves beautifully to keep building for years to come and remain aggressive.
Higher.