Biweekly Update #14

  • STRP price: $1.06 (-1.8%)
  • STRP circulating supply: 3,709,297
  • STRP circulating market cap: $3,895,400
  • Number of holders: 1,379
  • The UST interest rate will be modified up to 1.5% every month based on Anchor collateral yields vs interest owed until it finds a sustainable equilibrium.
  • We think this is a major opportunity for Strips to be the only IRS platform in DeFi that allows trading and hedging on this $17B market that now has a dynamic yield.
  • If successful, this will drive volume on Strips. We return all this trading profit to our holders and stakers of STRP token, driving intrinsic value to our native token. Please read here for more detail on how we return profits to STRP stakers.
  • Proposal to lower current Strips rewards emissions by 50%. This should have a noticeable impact on reducing the STRP token selling pressure from mercenary bots and traders that farm and dump the token.
  • Proposal to increase wash trade protection from 10 blocks to 100 blocks. This will further limit predatory token-harvesting behavior, which dilutes rewards for good-faith traders and stakers.
  • Proposal to use the Strips treasury wallet USDC balance to farm on Anchor to earn 19% yield and use the interest proceeds to buy STRP tokens.

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Strips Finance

Strips Finance

To build the largest fixed income trading platform for DeFi