September 27, 2022 Strips is excited to announce the much-awaited unveiling of our new perpetuals exchange on Starknet, called RabbitX. RabbitX is a full crypto perpetuals suite allowing users to trade a wide range of assets, including Bitcoin and Ethereum. RabbitX provides a first-class DeFi trading experience. What is RabbitX? The user experience…

We announced back on May 8th, 2022 that we will be winding down Strips V1 as we work towards our V2 product. We’re pleased to share that progress for V2 is on schedule, and to direct our full attention and resources to our V2 launch, we will be closing down…

What we see: US investor sentiment is hyper bearish We are in the midst of a historically bad market to start the year FTX wants to buy everything About half of crypto traders have quit The market wipeout, in context Percentage of US investors who are bearish is the highest…

The automated market maker (AMM) is a pioneering crypto primitive that has helped bring DeFi to existence. But we already had the orderbook, why did crypto need its own form of market making? The answer to this is mostly pragmatics. Ethereum and crypto broadly is still scaling, and expensive transaction…

A pulse on relevant macro, market, and crypto developments: Bancor is in trouble Bancor is an AMM with what it advertised as “impermanent loss protection”. This is provided by way of BNT printing to offset any IL yield farmers experience. It has been rumored that Celsius and 3AC were large…

Here are some of the most salient macro and crypto developments as of late. Including some you’re probably not aware of. The state of inflation: current and forward looking CPI still above 8%. Majority of increase comes from energy costs. However the Fed can’t take more oil out of the…

After briefly plummeting, the Russian rouble has recovered all its invasion-related losses and then some, and is currently the best-performing currency of 2022, up around 11% against the USD. What!? How? The entire Western world has basically collectively sanctioned Russia. The US has even trotted out what’s always been touted…

It was announced in late April that the AAVE-USDC market would be wound down and assets returned to participants as we work towards our v2 launch. We’d like to announce the staked assets in the AAVE pool have been returned to remaining stakers. What was sent to wallets: The LP…