Strudel R&D Report, Weekend Edition
This is shaping up to be one of the biggest weeks for $TRDL and we wanted to keep the community up to date with what is going on with our protocol. We want to thank everyone who is part of the $TRDL community because you are all true believers. We have created value for ETH and will continue to bring strudel flavored assets here and onwards to other chains. This is just the start!
Governance Reimagined… again
We have been hard at work creating added value opportunities for vBTC. However, it is time to look back into the $TRDL token in order to adequately capture the value of our protocol. One of the main feedback from the community has been the lack of ways to earn income without exposing to impermanent loss. We have come up with a new system where users can deposit their TRDL into a gTRDL token which will earn $TRDL based on the lock period.
We have also implemented a new snapshot-based governance portal along with a user interface update where users can submit improvement proposals for the protocol. We are open to feedback from the community and eager to have everyone have a more active role in governance.
Binance $TRDL Bridge is Now Online!
The thing about bridges is that you can't get enough of them. Since completing our BCH bridge to BSC we have been hard at work trying to get those BCHes into ETH. After one failed implementation we have created an AMB bridge that takes the tokens through xDai into ETH using our sexy interface. The bridge interface will be available on the strudel.finance website
Strudel Flavored Comeths??
Although that BSC is pretty cool we know that our Strudels are meant for the interchain. Just being on ETH and BSC didn't feel like enough. That is why we have also been mapped on to Matic and established a partnership with Cometh.io! You can bridge $TRDL and vBTC using the Matic bridge and pool liquidity in the Cometh.io platform to earn $TRDL and $MUST.
What is Cometh?
Cometh is a groundbreaking and evolving strategy game set in a persistent and sustainable space-inspired metaverse powered by Ethereum’s blockchain.
The Cometh game consists of players mining asteroids to get tokens as rewards.
Cometh’s ecosystem leverages Ethereum-based DeFi (Decentralized Finance) in a fun and original way to enable players to collect, trade, and earn tokens from ERC-20 protocols, and also NFT’s unique to the Cometh Metaverse.
On app.cometh.io you can see applications and tools composing the Cometh Metaverse.
The Week Ahead… or How UniV3 Changes Everything.
May the 4th is upon us and this year is doubly special because it is the scheduled release date for the Uniswap V3 protocol. We have been holding our breath with the rest of the industry to see how this changes the way protocols manage liquidity in a decentralized environment. We will be following the lead of the LDO protocol regarding their implementation of a stable uniswap pool which is bound to be the premier codebase for this next stage of DeFI
— Hayden Adams 🦄 (@haydenzadams) April 29, 2021
We are going to be implementing this solution to incentivize concentrated liquidity around the 1:1 peg allowing us to maintain a stable vBTC price and grow our effective liquidity. Stay tuned for more updates regarding the specifics of the incentive for $TRDL in the next R&D update.
Until then,
- Ataxia
