Announcing Strips v2: the Next Generation DeFi Derivatives Exchange

Strips has been building nonstop and is excited to announce details of Strips v2. We are enhancing the infrastructure that underpins Strips’ markets with the most cutting-edge technology DeFi has to offer and expanding our product suite in the process.

Here’s some of what’s coming with Strips v2:

Fixed-Term Interest Rate Swaps: our current perpetual rate swaps do not have an expiration and are great for speculators and traders. However, they are not not an ideal tool for hedging interest rate cash flows. For borrowers and lenders that want to use Strips to hedge their interest obligations or income from variable rates to fixed rates: our fixed-term interest rate products will let you accomplish this.

Strips v2 will enable active market making: the AMM is a powerful DeFi primitive and has served DeFi well as the market-maker of choice. However for high-volume, high-information markets that want to be as efficient and flexible with liquidity as possible, orderbooks are the superior model. DeFi will need scalable market making to support institutional-tier volume, and that’s what we intend to provide. More detail to come on the mechanics of the Strips orderbook.

Strips and ZK rollups: We will be one of the very first derivative DEX’s to use ZK rollup L2 technology. ZK rollups share all the security benefits of Ethereum L1 while benefiting from significantly higher throughput and extremely cheap transaction costs. In addition, ZK rollup transactions are cryptographically guaranteed to be valid, with no 7-day delays in L2-to-L1 proofs on Ethereum main chain. We vetted chain architecture and scaling solutions thoroughly before making this decision, and Strips CEO Ming Wu was “pleasantly surprised and impressed by the speed of development and production in ZK technology in the past 12 months”.

There will be much more to come as we evolve Strips from a pioneer in the IRS space into an elite derivatives exchange that ushers in the next evolution of DeFi. Keep an eye out for more big announcements and be sure to join our Discord.

Disclaimer

The information presented here is meant for educational purposes, and is not investment advice. Any past performance, projection, forecast or simulation of results does not necessarily indicate any investment’s future or likely performance. The information and publications are not intended to be and do not constitute financial advice, investment advice, trading advice or any other advice or recommendation of any sort offered or endorsed by STRIPS Finance.

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