I stopped using CEXs for perps.
No more "not your keys." No KYC. No withdrawal games.
And I STILL get <1s execution + up to 40x — fully on-chain.
It's Strike Finance, on Cardano. A thread on why it's different 🧵👇
The STRIKE/ADA chart is deceiving during a time of transition. Many of the Cardano enthusiast like to use the CNT/ADA pair, but if you do it here, you might think $STRIKE is going to have a pullback.
I don't think it will. Look at the STRIKE/USD chart, it hasn't even got back to its ATH yet. In addition, the Solana friends will be joining too. They value tokens in USD not ada so throw that chart away (Just don't tell Chuck).
It would be easy to say that connecting to Solana you could easily double our ATH. This puts us at 1 $STRIKE equal to 20 $ADA.
@strikeperps is creating the new whales on Cardano just like $SNEK did a couple of years ago. With liquid staking and 90% of the tokens already in circulation why wouldn't you own some.
Did I mention it pays in $ADA so there is no downward sell pressure like other protocols.
Look at the chart below. The two blue arrows point to candles that have twice the volume as the yellow arrow.
What do you think will happen when we connect the @phantom wallet and #Solana joins in on the fun?
After all some of them missed out on hyperliquid, $HYPE
If you want to use Strike please use my referral code.
"Strikeperps"
Yesterday @strikeperps distributed the latest round of staking rewards, a whopping $74,000 for $strike holders!
This brings the total distributed to $1,167,934.
Staking is also now liquid, you can double dip and earn yield deploying your $strike + staking rewards ⚡️
Over the past few days, I have rotated a significant portion of my $ADA and my CNTs into $STRIKE.
Key thesis is as follows:
1. Because of $STRIKE’s low supply and profitable service, there won’t be a lot of sellers / capitulation because significant trading revenue keeps being generated
2. Worse case scenario $ADA goes to 15c , if $STRIKE holds 24m USD mcap, then the $STRIKE / $ADA pair will keep trending up.
3. If $ADA or the market bounce from here, then $STRIKE will keep going up anyway because of bullish sentiment.
Net net, it looks like $STRIKE’s the better play here. Follow where the money’s being made. Across all CNTs, only a few have consistently generated revenue from its users.
Let’s see if this plays out.
Thesis is being validated so far.
Btw, $STRIKE hasn’t even gone mainnet in Solana. So whatever success it’s having now, expect multiples of that once it goes crosschain.