Biweekly Update #14

Whether markets are up or down, we continue to buidl. We have some major developments that expand the usability and strategies you can employ on Strips.

Market Recap

Updates

Simplified staking and bridging: you can now bridge assets to Arbitrum, swap, and stake directly from the Strips app. This streamlines the process for users and lets you fully manage your staking position all from one interface. Details on how to do so here.

Strips debt financing IVO: with the help of Solv, Strips successfully launched the first debt financing in DeFi, raising $2M that will be used to scale and expand our liquidity facilities. The bond IVO was fully subscribed and we have already deployed the liquidity to our markets. Details of the offering can be found here.

New proposed market: Anchor. The Anchor 19.5% UST vault on Terra is implementing a dynamic rate change. We think this presents an opportunity for Strips.

Trading Vaults: we are going to release a series of predefined trading strategies (vaults) that users can simply deposit USDC into and immediately begin benefiting from. Full write-ups for each strategy will be released prior to their deployment.

Closing the Aave-USDC market: due to lack of volume and a desire to concentrate our liquidity resources towards our most in-demand markets, we’ve made the decision to close the Aave market on Strips. Further explanation here.

Tokenomics Updates: Our goal is to help stabilize and grow STRP token price while always keeping the long-term health and success of Strips front of mind.

We also have released an educational series of YouTube videos (linked here) that help users understand how to start trading interest rate swaps on Strips. User education will continue to be a major focus of ours.

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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