We have decided to publish our bi-weekly update for Strips slightly earlier this week, as many supporters and community members are keen to learn more about our progress. It’s heartening to see the number of people closely following our progress and want to learn more. …

TL;DR

  • Firstly, perpetual swaps are a great way to trade with very little capital
  • Perpetual Interest Rate Swaps (Perpetual IRS) never expire
  • Longs profit when interest rates rise
  • Shorts profit when interest rates fall
  • You can trade interest rates without tying up capital
Go long if interest rates rise, go short if interest rates fall. It’s simple.

The Problem Space

If you want to bet on the price…

Market Recap

  • STRP price: $8.05 (+13.18% 📈)
  • STRP circulating supply: 2,147,107
  • STRP circulating market cap: $16,430,067
  • Number of holders: 1,126
  • Twitter followers: 18.9k (+3,314 🔼)

Announcements

Our first NFT drop

Our AMM deep dive articles 🔎

Strips Ambassadorship Applications Open!

Strips community call with CryptoJobsList

Progress Update

We’ve completed the UI redesign for our pro trader page and liquidity staking page, and are now well into the implementation of the…

Staking Profit Composition & Distribution

Stakers: all the AMM stakers will share the following benefits and risks proportionally to their staking amount, as percentage % of total staking liquidity.

  • 75% trading fees, denominated in USDC
  • 95% Realized profits and 100% Realized loss from closed and liquidated positions, denominated in USDC
  • 100% Unrealized PnL from traders’…

TL;DR

  • STRIPS Automated Market Maker (AMM) model is an innovative new AMM model designed to trade interest rate swap derivatives.
  • We ran 216 combinations of AMM parameters to test profitability and robustness of staking in Strips
  • AMM ROI% averaged 314.7%
  • 5% average order rejection rate
  • 0.06% average DV01/TVL
  • 0.96% average daily…

TL;DR

Based on our selected AMM parameters, we end up with an average 5% rejection rate, together with 0.06% DV01/TVL, 0.96% daily VaR% with average annualized ROI% at 314.7% for our Strips AMM.

AMM Parameters

In this section, we introduce all the parameters and factors that will be critical to the AMM’s efficiency…

Strips Finance

To build the largest fixed income trading platform for DeFi

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store