## FTM Strudel Launch Strategy

### Existing Token Landscape

-> Currently the strudel protocol governance is based on the $TRDL token. $TRDL is an ERC-20 ETH based token with an existing supply of 4'500,000 tokens valued at around 2MM USD. The $TRDL token is bridged to BSC and Matic. It is present in several LPs.

-> gTRDL: There is a deployment of a fixed term "ve" staking contract deployed on ETH Mainnet which can be interacted with from [this interface](https://app.strudel.finance/governance). The contract is capped at a 52-week term. The staking contract mints a balance of gTRDL equal to the amount staked times the staking period modifier. If a user stakes for the full term, they should get 1 gTRDL for every TRDL staked.

### FTM Deployment Overview.

-> We are deploying a bond issuing platform on FTM following Olympus DAO's architecture. The objective of the bonds will be twofold: Acquire treasury assets to secure yield farming incentives and control a majority of the vBTC supply to manage the peg effectively and farm the incentives the protocol has acquired to produce revenue for its users.

## Tokenomics

### Strudel protocol design challenges

Deploying a new incentive structure in a different chain introduces several design challenges in tokenomics design. Unbalanced token supplies between ETH and FTM chains could introduce poor market structures that go against our intended goals.

Our objective is to include current protocol participants while allowing new players to enter the game and strengthen your liquidity landscape. In order to do so we propose an heterogeneous token design. This involves separating the protocol into two tokens. The current STRUDEL token which represents the current protocol and a new token called ORKAN which represents the FTM deployment

The protocol will eventually offer ORK/$TRDL bonds to produce a deep liquidity to swap between tokens. The exchange rate between $TRDL and $ORK will be determined by this pool. This allows a mutually beneficial relationship between both token supplies where we build a treasury asset that increases $TRDL liquidity and earns revenue for the protocol that we will distribute to gTRDL stakers.

### Distribution

The $ORKAN token will start with a supply of 60,000 tokens. In order to ensure a fair token distribution and include current protocol participants the following system has been structured to distribute the $ORK token supply:

* Whitelisted presale 50%
* Allocations will be determined by gTRDL balances.
* We will snapshot gTRDL balances 7 days from now (Jan 15) at 12AM GMT.
* Seed Investors 30%

* We are currently raising funds from DAOs and collectives who want to participate in the strudel project
* gTRDL stakers 20%
* Airdropped proportionally to gTRDL balance on snapshot

### TL:DR

Stake TRDL for gTRDL and get airdropped opening price of a bond issuing protocol. the bonds will generate revenue to boost TRDL long term and secure the peg for our trustless Bitcoin.