We’re reaching escape velocity
V2 is approaching $200M in volume, and now on track to add another $100M by next week 🏎️
Thanks to everyone for the support 🫡
We’re excited to announce our newest feature: RFQ (Request for Quote) 🚢
It’s one of the most innovate features in the industry right now that will take our perps protocol to the next level.
This allows us to source the best liquidity/execution on the most liquid platforms and offer it to Strike users.
People will now be able to open up million dollar positions with the best prices in the industry directly on Strike.
Higher 🏎️
More details here: 🕹️ https://t.co/5x2ghjEJpt
Effective immediately, we’re excited to announce a $1,000,000 liquidity deployment to our protocol by a leading firm, improving our trading execution 5x and taking us to the next level.
Institutions are here & we’re open for business.
More info: 🏎️ https://t.co/r0gxAoN6aw
I think it's clear the @strikeperps proposal isn't going to pass.
I think that's fine, this is ultimately how governance works, people put proposals forward, and DReps vote on them.
What I do find alarming is the standard that's being applied.
Strike has been asked to satisfy levels of operational disclosure, audit readiness, risk analysis and due diligence that haven't been expected of many other Treasury proposals, including proposals by failing projects requesting outright grants with no expectation that the Treasury's ADA would ever be returned.
Time and time again, we've handed large grants to projects with zero transparency around fund usage and no accountability for outcomes.
Strike comes along with a proposal that would have the ADA paid back (plus yield) in a year, and suddenly our expectations have changed drastically.
Makes me super bearish tbh.
We're excited to announce Wave 2 of our liquidity protection program is now live 🛥️
We are now covering 100% of potential losses in the Strike Liquidity Vault up to $2 million for an entire year.
Full details below.
Link 🕹 https://t.co/TQ9Hx8G5cY
Micron Technology $MU is now live with up with 20x leverage.
It’s currently one of the most traded assets in the world.
Link: 🕹️ https://t.co/DVo09OMAbK
Hello @solana 👋
We’re the largest dapp on Cardano & today we’re excited to announce our expansion to Solana is now live on mainnet 🔥
Easily connect your favorite Solana wallet to start trading or providing liquidity.
Strike fast… 🏎️
Link: 🕹️ https://t.co/IfPct1EGvo
@StaniKulechov Basically AAVE yield + @strikeperps yield. Strikes yield is currently sitting at 100% but longer term a more realistic target would be 20-30%
Great way to maximise what you’re making from @aave without needing to withdraw or have extra funds available to farm a separate platform
We’re excited to announce Aave Double Yield is now live 🚢
Aave users are now able to take their LP deposits and supply them as liquidity to Strike Vaults 🔥
Users now get their baseline Aave yield + our full yield on stables through our protocol (which is currently paying out 100% APR, and targeting 20-30% long term).
To access, go to vaults ➡️ strike liquidity provider vault ➡️ credit line ➡️ connect eth wallet
This unlocks $5 billion in stables deposited on Aave
And we’re just getting started… 🏎️
Link: 🕹️ https://t.co/JnnDR0j57F
As an ecosystem Cardano has historically funded ideas, roadmaps and future promises to the tune of hundreds of millions of ADA.
In many cases we've had a limited ability to objectively measure outcomes and value created.
Today, DReps are voting on a different type of proposal.
@strikeperps is one of very few projects already generating meaningful volume, serving real users and operating as a revenue-positive business.
They are asking for a temporary capital deployment of 9M ADA, which will be returned to the Treasury in full (plus yield) in 12 months.
They are not asking for a grant.
We need to ask ourselves:
"should we fund the things that are already working?"
My answer to that question is YES.
I strongly encourage all DReps to read this proposal in full and vote with a rationale so that us ADA delegators can make informed decisions about our support.
https://t.co/t51zkbljIP
@adagiallife@astroboysoup@strikeperps Holy fcking criteria you got there. Meanwhile the projects cardano invested into were all failures. Strike has proven a lot of things in this ecosystem and yet you will vote No to one thing that is one of the best if not the best team in Cardano.
@DaLohals@strikeperps You know why there is relatively low volume? Because of low liquidity. The demand is there more so Strike is the only perps dex in this shithole ecosystem.
Wtf u mean 0 listed active traders. Go check the stats within the page.
🚨 Official Announcement 🚨
Our treasury withdrawal proposal has been submitted onchain.
We believe this proposal will:
1. Make us (one of Cardano’s top projects) globally competitive
2. Earn crucial sustainable yield for Cardano’s treasury
Link: 🛥️ https://t.co/n66RicRsh7