Strudel DAO Launch Strategy

Published on: 10.01.2022

They 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.

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 they build a treasury asset that increases $TRDL liquidity and earns revenue for the protocol that they will distribute to gTRDL stakers.

 

Source

https://medium.com/@strudeldao/ftm-strudel-launch-strategy-84d08a9b63b8

Market Stats:
BTC Dominance: 63.69%(0.00%/24h)
ETH Dominance: 9.18%(-0.05%/24h)
Defi Market Cap: $106.45B(-4.81%/24h)
Total Market Cap: $3309.33B(+0.52%/24h)
Total Trading Volume 24h: $85.14B(-7.92%/24h)
ETH Market Cap: $304B
Defi to ETH Ratio: 35.02%
Defi Dominance: 3.1%
Altcoin Market Cap: $1201.62B
Altcoin Volume 24h: $48.45B
Total Cryptocurrencies: 34742
Active Cryptocurrencies: 9729
Active Market Pairs: 103866
Active Exchanges: 821
Total Exchanges: 10502
BTC: 106043.26$(0.24%/1H)
ETH: 2517.49$(0.25%/1H)
AVAX: 20.78$(0.87%/1H)
BNB: 652.19$(0.13%/1H)
MATIC: 0$(0.95%/1H)
FTM: 0$(-0.27%/1H)
ADA: 0.67$(0.57%/1H)
DOT: 4.09$(0.37%/1H)
UNI: 6.35$(0.36%/1H)
CAKE: 2.32$(0.16%/1H)
SUSHI: 0.65$(0.07%/1H)
ONE: 0.01$(0.34%/1H)