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: 57.98%(-1.45%/24h)
ETH Dominance: 12.33%(+0.23%/24h)
Defi Market Cap: $96.13B(+39.82%/24h)
Total Market Cap: $3338.32B(+1.25%/24h)
Total Trading Volume 24h: $223.05B(+1.88%/24h)
ETH Market Cap: $411.32B
Defi to ETH Ratio: 23.37%
Defi Dominance: 2.76%
Altcoin Market Cap: $1402.86B
Altcoin Volume 24h: $167.9B
Total Cryptocurrencies: 32383
Active Cryptocurrencies: 10186
Active Market Pairs: 90864
Active Exchanges: 762
Total Exchanges: 9612
BTC: 97816.08$(-0.8%/1H)
ETH: 3416.41$(-1.59%/1H)
AVAX: 42.26$(-2.33%/1H)
BNB: 658.92$(-1.88%/1H)
MATIC: 0.57$(-4.34%/1H)
FTM: 0.89$(-3.91%/1H)
ADA: 1.06$(-4.76%/1H)
DOT: 8.53$(-3.18%/1H)
UNI: 10.89$(-3.46%/1H)
CAKE: 2.19$(-3.08%/1H)
SUSHI: 1.01$(-2.43%/1H)
ONE: 0.02$(-3.5%/1H)