Strips: Next Generation DeFi Protocol
Strips Finance is the next generation fixed-income platform for global investors. From interest rates to bonds trading, we are building the infrastructure for DeFi 2.0. The world’s first interest rates derivatives decentralised exchange.
Interest rates are the metarule in finance. Everything in your world is powered by interest rates — from the mortgage on your house, to the loan on your car, the insurance premium you pay on your health insurance, to the leverage fees that you pay to Binance or FTX. It is everywhere around you and influences your life in every way. Our vision for Strips is to be a platform and exchange to trade interest rates and other fixed-income products.
While there is a burgeoning market in DeFi for variable lending and borrowing protocols, with over $200bn in TVL, the fixed rate market is still nascent. The traditional financial interest rate market is the largest financial market in the world, however, we haven’t seen a fixed-income product being offered in DeFi for traders. If we are successful, the potential is enormous. Interest rates and fixed-income trading dominate traditional finance. Over $6.5 Trillion of daily trading volume and $435.2 Trillion in notional outstanding. The market for interest rates is 26x bigger than the stock market.
Our vision is to accelerate the transition of finance towards a decentralised future by being the platform to price and trade interest rates. We have put together a first-class team of financial engineers, portfolio managers, and solidity developers to bring this dream to reality.
Decentralised finance is inevitably going to disrupt the financial industry, and the market that will have the largest impact on the world is the interest rate market. If decentralised finance is to be the future of finance, who’s going to build a transparent and robust marketplace for interest rates in DeFi?
To begin, Strips plans to build an interest rate derivatives exchange that will be fast, cheap and easy to use. Interest rate swaps provide a price for the fixed cost of lending and borrowing. Once there is a really robust interest rate swaps exchange, we can start to build structured fixed-rate products on top of it, such as bonds and debt markets. We believe that is the future of DeFi, and is also the long-term vision for Strips.
