I'm looking at the @strikeperps dashboard and a couple of things stand out, all of which are bullish:
1. Week on week, all metrics have basically shot up significantly.
2. One amazing thing is you'd think given it's housed in Cardano, that most trades will revolve around $ADA and $BTC. NOPE! A huge chunk of revenues come from other pairs, such as $ZEC and $HYPE.
3. It's amazing how much volume can come from merely 2.3k traders. Most of active participants in perps are loaded.
The platform is able to tap into a market that wants to trade everything. When it opens to Solana, it'll most likely dwarf $ADA trading at this stage.
I initially was prepared to HODL $ADA at 15-16c. But looking at Strike performance woke me up to a platform that can really only go up from here.
Great feedback on the treasury proposal so far. Things are looking pretty good. We expect the official submission should be onchain within the week. Thanks to everyone for the support and we’ll have the next update soon 🔥
Take your grandma's credit cards and start trading directly on Strike
It's time for fiat onramps… 🏎️
Anyone can start trading Oil, Gold, or BTC within seconds or become liquidity providers and earn 15% APY on USD
Launching in the next 24 hours 🕰️
🚨 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
New feature tomorrow.
New open interest all time high today.
2 active incentive programs (Liquidity Program with 100% downside protection, Stablecoin Activation Program where USDM holders can deposit $100 in Strike for a complimentary $1,000 in trading power)
- Staking V2 soon
- Token expansion (make STRIKE widely and easily available, exact details TBA)
- Solana Mainnet launch soon
- More liquidity from LP firms soon
- About to surpass $1M in V2 deposits
- 75% of all Cardano trading volume
- Vault consistently paid out 23% APR so far
- Mobile app coming soon
Just keep shipping 🚢🚢🚢
We’ll be launching our market making bot within the next 12 hours where users will be able to provide stablecoin liquidity to the protocol.
The protocol accepts native USDC and USDM with a current APR around 85%.
Native Solana integration is almost ready for public testnet and we’re shooting for a launch date next week.
Exact date to be announced soon.
Thanks to everyone for the support.
Delegated trading vaults are scheduled to hit public testnet next week.
This introduces 2 core features:
1. Market Making Vault Users deposit liquidity to our market making vault and the capital is actively deployed by our MM bot to provide liquidity across the platform.
The MM bot is currently being audited by an engineer from one of the top market making firms in the world.
2. Onchain Hedge Funds Traders can create their own vaults allowing users to deposit funds and share the profits.
This unlocks an option for users who don’t want to trade actively or be stuck in the trenches. Now they can allocate capital to top traders and let professionals do the work, enforced by audited smart contracts with full onchain transparency.
The future is at our fingertips. Thanks to everyone for the support 🫡
Project recap in 1 minute 👇
▫️ Highest volume and revenue protocol on Cardano
▫️ 5th best performing asset globally this year
▫️ Have done over 50% of all Cardano volume since launching 6 months ago
▫️ Over 650 million ADA in trading volume
▫️ Approaching 1 million ADA paid out to holders
▫️ Surpassed 10M ADA in TVL
▫️ Already 90% of tokens in circulation, 88% of circulating supply is staked
▫️ A+ tokenomics, no emissions, 4 types of utility including ADA payouts directly to holders
▫️ Hired engineers from TikTok, Apple, leading Asia CEX, and Anastasia Labs to help build this protocol
▫️ Strike V2 is next launching with lightning fast speed, low fees, advanced order book and cross-chain deposits
It’s been an amazing journey so far and we’re just getting started as we look forward to our V2 launch. If you have questions or want to join our community let us know and we’ll be happy to welcome you 🫡
We’re excited to announce we’ll be holding a governance vote early next week to determine whether the next $50,000 in protocol revenue should be allocated toward listing $STRIKE on MEXC.
MEXC has the 7th highest CEX volume in the world and this allocation would cover the listing fee, initial liquidity provision, and market maker support.
We’re working alongside experienced partners who have successfully guided top CNT projects through major exchange listings.
This marks an important first step toward securing Tier 1 exchange listings, which will significantly strengthen our positioning ahead of our V2 launch.
We’re scaling 🔥
Total value locked has surpassed 4 million ADA 🎰
We’ve opened user liquidity deposits again and we’ve increased max position size to $100,000.
Estimated APR for liquidity providers has been 313% and we’ve made 335,019 ADA in little over a month on mainnet 📲