Biweekly update #9
Welcome to Strips Biweekly update #9! Happy Lunar New Year to all our community members, and we’re very excited to show you our latest developments.
Market Recap
- STRP price: $2.97 (-10.51% 📉)
- STRP circulating supply: 3,266,934
- STRP circulating market cap: $9,750,582
- Number of holders: 1,540
- Twitter followers: 20.4k
Progress Update
Winners announced in testnet trading competition
We are extremely pleased with the results of our testnet trading competition. This competition has clearly shown tremendous interest and traction for our interest rates exchange.
In summary
- Participants traded over $16.7bn in volume over 10 days
- Over 55,000 wallets participated in the testnet
- Over 275,000 transactions
We would like to congratulate 0x87…1ab7d for winning 1st place and winning $25,000! Read the full announcement here.
Price oracle improvements
We have made improvements to the robustness of our price oracle by making it extremely difficult and unprofitable for price oracle manipulation. More details will be released after our mainnet release.
Frontend improvements
We have completed the implementation of WebSockets to the frontend interface, which will improve the responsiveness of the trading experience. The changes are currently in our staging environment, pending production release.
Landing page redesign
We have been working to redesign our landing page to bring a more consistent design language throughout our web app and landing page.
Here’s a sneak peek 👀
Progress before Mainnet Launch:
- [x] Complete core smart contracts
- [x] Complete internal tests
- [x] Complete v7 logic tests
- [x] Complete v8 logic tests
- [x] Complete economic simulation whitepaper
- [x] Complete economic simulation in code
- [x] Frontend completion
- [x] Frontend internal User Acceptance Testing (UAT)
- [x] Frontend closed beta UAT
- [x] Complete 3audits (3/3 done)
- [ ] Complete 1 more audits (25%)
- [x] Audit oracles
- [x] Public hackathon
- [x] Upgradability of smart contracts
- [x] Frontend public beta (OPEN NOW at app.strips.finance)
- [x] Testnet trading competition
🎉 MAINNET LAUNCH
You can download our Certik audit report here.
Announcements
STRIPS is currently hiring for several roles. Interested applicants can email their resume and cover letters to jobs@strips.finance.
To learn more please visit the project’s website at https://strips.finance/ or follow the project on:
Disclaimer
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.
