Strips Interest Rates Exchange (IRX) is the world’s first decentralised venue to trade interest rate derivatives. In this guide, we will show you how to get started trading interest rates on the newest platform!
Step 1— Bridge USDC
Bridge USDC and ETH from Ethereum mainnet to Arbitrum at https://bridge.arbitrum.io/. For more info, read this guide.
Step 2 — Go to https://app.strips.finance
Enter https://app.strips.finance/exchange-pro
- Select market
- Select default leverage (up to 10x leverage)
- Enter position size
- Choose long or short
- Confirm trade popup
- Confirm the transaction in your metamask
📈 long: you believe that fixed interest rates will rise
📉 short: you believe that fixed interest rates will fall
💡 note: if your slippage is too high, you may need to increase your max slippage
On mainnet beta, there will be 3 markets available to be chosen from:
- BTC perp funding rate (FTX)
- BTC perp funding rate (Binance)
- USDC lending rate (AAVE)
More markets will be added over time, please put your suggestions in our telegram group chat https://t.me/stripsfi!
Step 3 — Congratulations!
You’re done! You can also earn more STRP rewards the more you trade. Claim your rewards from https://app.strips.finance/liquidity
Happy hunting!
