SpiritSwap Partnership with Strudel DAO

Published on: 13.01.2022

Partnership Benefits

ORK Holders
SpiritSwap poses as the cornerstone of Strudel’s protocol, so partnering with it strengthens Strudel’s position and ability to make a sizeable impact, right from the start. As an extremely well-established project, it will be easy for SpiritSwap to help them bootstrap their early stages of growth, whether with farming rewards boost or social media presence.
SPIRIT Holders
The main plan of Strudel’s project is to acquire and lock forever as much Spirit as possible. Doing so, they expect a significant reduction of Spirit circulating supply. The more Spirit they acquire, the more the rewards and yield coming from it. Those rewards and yield are then used to acquire more Spirit to lock, in a never-ending fashion. Spirit holders are rewarded in many different ways (increased demand, sizeable reduction of supply, swap fees).
vBTC Holders
Benefit from the increased demand for vBTC to be sent to FTM and participate in liquidity programs. Increased trading volume on a 3rd chain can lead to the establishment of a decentralized Oracle which can be used to allow vBTC to be used as a trustless collateral in protocols such as Spiritswap’s lending offering.

Strudel DAO

Strudel is a reserve currency on Fantom, that will pose as a proxy for the growing Spirit ecosystem. Their main goal is to acquire sizeable positions in the best.