Announcing a New Grant and Integration with Aave on Strips v2
We recently announced Strips v2 (new protocol name incoming too!) conveying our DEX intentions in addition to our core interest rate swap (IRS) product. We have another exciting development regarding our v2 product lineup.
Strips has been approved for a $50,000 grant from the Aave Grants DAO to build a fixed interest rate integration with Aave protocol. In Strips’ incoming fixed-term IRS markets on v2, this will allow Aave users to effectively hedge their interest rate exposure when borrowing or lending on Aave.
Fixed-term IRS are widely used in TradFi for both speculation and hedging. We will be bringing these same primitives to DeFi and the proliferation of stable, hedged interest payments will help foster greater growth and adoption of onchain money markets and lending activity.