Overview Strudel Finance is the first and only one-way, trustless bridging protocol linking Bitcoin (BTC), Bitcoin Cash (BCH), and future assets to the expanding DeFi landscape. Powered by the governance token, Strudel Token (TRDL), Strudel allows BTC, BCH, and other assets to be utilized in the Ethereum and Polygon ecosystems to reap the benefits of liquidity mining, cross-chain arbitrage, and index funds with a goal to incorporate lending and collateralization in the near future. By eliminating the need for custodial control of assets with typical wrappers, Strudel’s trustless protocol trades off counterparty risk for market risk while using market dynamics, crypto-economic incentives and cross-chain capabilities to maintain a pegged, scalable, and capital-efficient ecosystem. This one-of-a-kind economic approach offers average users and big money investors alike numerous options for monetary growth and grants more diversity and security to DeFi. Recent Updates This section will be updated regularly to provide a resource for users to learn about recent Strudel developments. Keep this page bookmarked, follow our Medium page, and follow the official Strudel Telegram group to stay on top of the news. More to come soon! Notes: Medium articles linked in titles. Newest updates are listed first.
9/20/2021Mare Imbrium, one of the largest craters in the solar system! Quick Links Mare Imbrium Fund Balancer pool Mare LP token staking on Strudel Farms Mare Fund Etherscan Strudel Finance now has an indexed Balancer pool for all their ecosystem's liquidity, but what IS a Balancer pool? Balancer is an automated portfolio manager, liquidity provider, and price sensor. Balancer pools turn the concept of an index fund on its head. Instead of paying fees to portfolio managers to rebalance your portfolio, you collect fees from traders, who rebalance the fund by following arbitrage opportunities.
7/24/2021Since implementing phase 1.1 of the SLIR proposal we have been getting questions from the community about the rationale of pursuing the Balancer pool and what it means for the project as a whole. After gathering some data in the past few weeks we wanted to use this post to explain the finer points of our economic policy at the Strudel protocol. Strudel Macro View: Reduce the Float! One of the issues we found when we took over the project in February was that the Strudel Token (TRDL) had a lot of floating supply, meaning that there were a lot more tokens in wallets than in the liquidity pools or staking contracts. Having a high float causes alot of selling pressure and volatility which can be detrimental to a project's growth. To address this we took a three-pronged approach. First, we built the gTRDL staking contract, which pays interest to users who deposit their TRDL to be able to participate in governance activities. The second intervention consisted of creating more cross-chain opportunities, which incentivized users to take TRDL off mainnet. We are on our third week of incentives at Cometh.io in Polygon and are looking to expand that program and other opportunities. Finally, we created the Mare Imbrium Fund, which allows users to deposit their TRDL single sided and bring demand to the rest of the protocol's tokens. The Outcomes With the measures described we have managed to drastically reduce the floating supply. Currently nearly 50% of the supply is either in a long-term staking setup on gTRDL or collateralized by liquidity in our different programs (see picture below). We hope that over time the % will increase to a greater steady state. We are still offering gas refunds for those who wish to add liquidity to the Mare fund. DM an admin with your "Execute" transaction id numbers.
6/8/2021His Dudeness | $vBTC $TRDL $NERD, [19.04.21 12:03] Alright, alright, alright, welcome everybody to the Main Event. THEE one and only April 19, 2021 Community AMA His Dudeness | $vBTC $TRDL $NERD, [19.04.21 12:04] We can jump right into the first question as a great way to start. Q: ELI-5 everything that’s going on with Strudel His Dudeness | $vBTC $TRDL $NERD, [19.04.21 12:04] That's a loaded Q
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