Introducing the Strudel Dev Fund and First Payouts

After a turbulent launch weekend, we are back to give an update on the development fund and the team behind this project. To enable the continued development of the Strudel protocol 5.56% (to be precise: 17 / 306) of all minted $TRDL tokens go into the development fund. At the time being these funds go to a timelock contract, controlled by a multisig wallet.

The Strudel protocol Dev Fund

15% of the fund will go towards $TRDL ambassadors and individuals that want to support the project on a part-time or full-time basis. Currently, any help around tasks like community management, communications, engineering, or testing is highly welcome.

50% of the development fund is allocated to the founders of the project. The founder share follows a vesting schedule with a cliff, the first payout being three months after the start of the project. Subsequent payouts will amount to a 50% share of rewards collected in the previous month.

First Payout

But before we get to that let’s get to know the people behind those names a bit better to understand the token distribution.

Case

Role Engineer

JK

MPMatic

Max

Keno

Johann

Strudel Finance is the first and only one-way, trustless bridging protocol linking Bitcoin (BTC), Bitcoin Cash (BCH), and other centralized assets to DeFi.