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: 57.99%(-1.74%/24h)
ETH Dominance: 12.34%(+0.33%/24h)
Defi Market Cap: $96.38B(+51.08%/24h)
Total Market Cap: $3332.67B(+1.28%/24h)
Total Trading Volume 24h: $221.81B(+4.25%/24h)
ETH Market Cap: $411.41B
Defi to ETH Ratio: 23.43%
Defi Dominance: 2.77%
Altcoin Market Cap: $1400.18B
Altcoin Volume 24h: $172.32B
Total Cryptocurrencies: 32383
Active Cryptocurrencies: 10186
Active Market Pairs: 90887
Active Exchanges: 762
Total Exchanges: 9613
BTC: 97649.2$(-0.24%/1H)
ETH: 3412.9$(-0.61%/1H)
AVAX: 41.87$(-0.44%/1H)
BNB: 654.15$(-0.73%/1H)
MATIC: 0.57$(-0.27%/1H)
FTM: 0.86$(-1.78%/1H)
ADA: 1.06$(0.07%/1H)
DOT: 8.67$(-0.83%/1H)
UNI: 10.92$(-1.92%/1H)
CAKE: 2.27$(-0.38%/1H)
SUSHI: 1.2$(-4.28%/1H)
ONE: 0.02$(3.34%/1H)