Review Strip Finance ($STRP) – The world’s first decentralized interest rate derivatives trading platform

Strip Finance, new operating models, derivatives exchange built on top of the Ethereum scaling solution Arbitrum. Arbitrum is one of the potential Layer-2 when it comes to Ethereum scaling solutions. Read the full article to understand more about it.

Concept project – What is Strip Finance?

Strip Finance is a decentralized exchange using Zk Rollup technology built on Arbitrum. It is allows investors to trade interest rates through a derivative called an interest rate swap. With this tool, investors can convert flexible interest rates into fixed interest rates.

In a simpler way, Strip Finance will create a derivatives exchange, but instead of allowing investors to place Long/Short orders of crypto assets, with Strips Finance, they will have Long/Short billions. interest rates such as interest rates on loans, loans, insurance, etc. in the DeFi market.

Outstanding features

What is the project trying to achieve?

Strip Finance is the world’s first decentralized interest rate derivatives trading platform. The project offers an interest rate swap (IRS) feature, allowing users to trade, speculate, and hedge.

The project can be said to be a piece that plays an important role in the DeFi universe.

DeFi does not currently have a development project on the IRS, and Strips is aiming to enter this market, building the first decentralized interest-rate derivatives exchange on Arbitrum.

Strips Finance is a solution that helps you avoid the risk of price fluctuations, use yield farming leverage and trading leverage in the same interface. Strips Finance aims to develop market share on:

What is unique selling point?

Strip Finance’s exchange supports up to 10x leverage. When starting to trade on this exchange, investors will deposit a certain amount of crypto assets. To minimize the risk of liquidation of these assets for investors, Strips Finance creates an insurance fund. When the market fluctuates, the deposited assets are at risk of being liquidated, Strips Finance will automatically use the insurance fund (Insurance Pool) to increase this margin to protect investors’ assets. private.

However, in case of strong market volatility, if the insurance fund is not enough to maintain the position, the investor’s assets will still be liquidated.

To maintain this fund, participants who stake $STRP and $USDC tokens into the STRP-USDC LP pool will receive 5% of the total revenue from transactions on Strips Finance and a portion of the profit when the collateral is liquidated. physical.

• Access to Capital: Enabling NFT collectors to borrow against their assets as collateral on fair interest rates
• Bidding & Pools: Allowing liquidity providers to participate either through direct bidding or pools
• Marketplace: Both lenders & borrowers can opt for either pool or P2P marketplace

RoadMap

Technical data

Key metrics 

• Token name: Strip Finance
• Ticker: STRP.
• Blockchain: Binance Smart Chain (BSC)
• Token standard: Updating…
• Contract: Updating…
• Token type: Utility, Governance
• Total supply: 100,000,000 STRP
• Circulating supply: Updating…

Token allocation

STRP Token Release Schedule

All $100,000,000 STRP will be distributed within 40 months. The detailed $STRP token allocation route is shown in the figure below.

Token use case

• Is a project management token.
• Act as collateral on the exchange.
• Make airdrop and reward for users.
• Stake and receive a portion of the transaction fees from the protocol.
• Get profit from Strips AMM trades.
• Get profit from Insurance pools.

Token sale

According to the latest announcement on September 30, Strip Finance will open the $STRP token sale on October 13. The total amount of $STRP sold in this round is 1,000,000 $STRP. Strips Finance will organize a token sale through IDO on Polka Starter, the condition to buy $STRP tokens is that investors must hold at least 250 $POLS within 7 days until Whitelist results are available.

Strips Finance ($STRP) will be conducting an Initial Dex Offering (IDO) via MISO by Sushiswap for a duration of 24 hours starting on 13th October at 10:00 am EST / 10:00 pm SGT and ending on October 14, 2021, 10:00 am EST / 10:00 pm SGT. The Strips x MISO Token sale will be running in conjunction with their Polka Starter Token sale, which you can read more about here.

TL;DR

• Strips Finance is the first derivatives DEX to unlock fixed interest rates trading within the DeFi ecosystem.
• The project is backed by Multicoin Capital, Sequoia Capital India, Mechanism Capital, Crypto.com, among many others.
• The $STRP token sale will be conducted on the MISO platform on Wednesday, 13th October 2021 10am EST.

Auction Details

• Start time: October 13, 2021 at 10:00am EST (10:00 pm SGT)
• End time: October 14, 2021 10:00am EST (10:00 pm SGT)
• Highest Bid: $5 per STRP
• Lowest Bid: $1 per STRP
• Auction Supply: 750,000 STRP (0.75% of supply)
• Currency: USDC
• Duration: 24hrs
• Auction Method: Dutch Auction
• Auction link: TBA on 11th October (check our twitter / telegram / discord)

How to own the token?

Strip Finance conducts an Auction on Miso on October 13, 2021, 10:00 AM EST and ends on October 14, 2021, 10 AM EST 

The STRP token sale will be conducted on the Polkastarter platform on Wednesday, 13th October 2021.

Markets and Community

Markets

The NFT market continues to evolve and grow exponentially. As a result, there are new use-cases and applications of this revolutionary technology being explored every day. Believe that providing a means of collateralizing NFTs and providing liquidity brings value to the asset class as a whole. The deployment of capital to underwrite risk and financially back NFTs (via accepting it as collateral for a loan) brings legitimacy and transparency to this digital asset class.

Community

Strip Finance has crossed the mark of 19,000 Followers on Twitter.

Backers

Team/ Founders

Partners

Advisor

Investors

Conclusion and analysis

Strip Finance is the next generation fixed interest rate exchange backed by Mechanism Capital, Crypto.com, DeFi Alliance, and others. Strips Finance gives traders the ability to easily speculate on interest rates with very little capital upfront. STRP Token is used as a component to stake in AMM ecosystem which then rewards stakes with trading fees and other rewards.

Find more information about Strip Finance:

Website: https://www.strip.finance/

Twitter: https://twitter.com/StripFinance

Telegram: https://t.me/playpadcommunity

If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com.

Elise

Coincu research