How is profit/loss calculated on Strips perpetuals

Total PnL has 2 components, for long positions:

Trading pnl = size * (exit rate — entry rate) / exit rate

Funding pnl = size * (oracle — entry rate), which accumulate every day

Example:

Calling all Strips community members and traders! To celebrate the launch of our new public testnet, we are inviting everyone to come and compete in our $100,000 prize trading competition. Test your wits against others and win prizes! Trading is free, and 110 traders will receive prizes! Competition starts on…

Welcome to the first Strips biweekly update of 2022! We have a lot packed for the start of the new year, and we’re excited to share them with you!

Market Recap

  • STRP price: $3.28 (19.27% 📈)
  • STRP circulating supply: 2,978,410
  • STRP circulating market cap: $9,774,62
  • Number of holders: 1,269
  • Twitter followers: 20.6k

Progress Update

Strips completes token buyback

Happy New Year! To celebrate the start of 2022, we are pleased to announce the launch of our public testnet! We are excited to showcase the shiny new exchange as well as go through some features and upgrades that have been deployed under the hood.

Features and upgrades:

  • Users can now stake STRP-USDC…

In our previous article (link here) we discussed trading strategies to profit from speculating in interest rates. This article will present more advanced trading strategies such as: spread arbitrage, hedging and yield curve term structure.

Advanced Trading Strategies

Arbitrage Different Funding Rates

If you want to buy BTC perpetual futures on FTX or Binance, you must pay…

STRIPS is the next generation decentralized interest rate exchange. The goal of this hackathon is to find economic and technical vulnerabilities of our STRIPS contracts.

STRIPS Hackathon Details

  1. $40,000 USDC award pot
  2. Review the GitHub repository for the hackathon here
  3. Submit findings using issues using this form
  4. Please read our guidelines below for…

Strips Finance

To build the largest fixed income trading platform for DeFi

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