Strudel Update: Perfectly Balanced… as All Things Should Be

Since implementing phase 1.1 of the SLIR proposal we have been getting questions from the community about the rationale of pursuing the Balancer pool and what it means for the project as a whole. After gathering some data in the past few weeks we wanted to use this post to explain the finer points of our economic policy at the Strudel protocol.

Strudel Macro View: Reduce the Float!

To address this we took a three-pronged approach. First, we built the gTRDL staking contract, which pays interest to users who deposit their TRDL to be able to participate in governance activities. The second intervention consisted of creating more cross-chain opportunities, which incentivized users to take TRDL off mainnet. We are on our third week of incentives at Cometh.io in Polygon and are looking to expand that program and other opportunities. Finally, we created the Mare Imbrium Fund, which allows users to deposit their TRDL single-sided and bring demand to the rest of the protocol’s tokens.

The Outcomes

The Mare Imbrium Fund

Mare Imbrium Fund Stats

Coming soon: A complete Mare Imbrium FAQ article. Please DM us any questions you may have (or ask in the chat) and we will add to it.

vBCH

Moving Forward

We would like to thank our community for their continued support. In the near future, we plan to begin marketing our technology to a larger audience. We have started work on a new campaign to help grow our community and will be attending the Bitcoin conference in Miami. Stay tuned for more information and content over the next few days!

– Ataxia

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