Welcome to Strudel: The Guide

Overview

Strudel Finance is the first and only one-way, trustless bridging protocol linking Bitcoin (BTC), Bitcoin Cash (BCH), and future assets to the expanding DeFi landscape. Powered by the governance token, Strudel Token (TRDL), Strudel allows BTC, BCH, and other assets to be utilized in the Ethereum and Polygon ecosystems to reap the benefits of liquidity mining, cross-chain arbitrage, and index funds with a goal to incorporate lending and collateralization in the near future.

A great Satoshi Stacker introduction to Strudel. MANY updates have been made since.

Recent Updates

This section will be updated regularly to provide a resource for users to learn about recent Strudel developments. Keep this page bookmarked, follow our Medium page, and follow the official Strudel Telegram group to stay on top of the news. More to come soon!

  • vBTC-wBTC Covenants/Uni v3 pool and farm

Current Strudel Assets

Strudel Bitcoin (vBTC)

Native Strudel One-way Bridges

Bridge centralized assets to DeFi here.

Two-way Bridges

Move your Strudel assets between networks using these bridges:

  • Once we have active liquidity pools on BSC, this bridge will be used heavily.

Grumpy Sat Wrapper

vBTC-gSAT

Governance

Update 7/1/2021 : Governance

Strudel Asset Information

Current Strudel assets, their blockchains, and their corresponding exchanges can be found in the following links. Trading and pooling links can also be found within as well.

Ethereum

Matic

Binance Smart Chain (BSC)

  • Coming soon

Charts

Ethereum

Matic

Binance Smart Chain (BSC)

  • Coming soon

Liquidity Pools

Numerous pools exist for Strudel users, several of which are brand new and have low liquidity. This will change. Currently incentivized pools (yield farms) are listed in bold and their corresponding yield farms are listed in the yield farms section below. Acquire LP tokens at the following links:

Ethereum

Polygon (Matic)

All these Comethswap pools are currently incentivized through their liquidity mining program here. All these yield farms yield both TRDL and MUST (check current rates). These programs change weekly, so I’ll try and keep this updated the best I can.

Binance Smart Chain (BSC)

  • Coming soon

Liquidity Mining (Yield Farms)

Multiple high APY farms exist for Strudel assets on various protocols. Deposit your LP/SLP tokens to generate passive income in various forms at the following links.

Ethereum

Native Strudel Terra-Farms (Yield: TRDL)

Polygon (Matic)

Binance Smart Chain (BSC)

  • Coming soon

Minting OneVBTC

You can either swap for oneVBTC or you also have the option to mint your own oneVBTC on Ichi.farm. To mint one oneVBTC, it requires $1 with a ratio of 98.2% USDC and 1.8% vBTC at the time of writing. This value fluctuates. A few key points:

  1. oneVBTC is used for pairings in two high APY farms, one on Ichi.farm, and the other on Strudel.finance.
  2. A single oneVBTC is ALWAYS and ONLY redeemable for $1 USDC on the Ichi protocol, but can be swapped on Sushiswap for whatever the current price is. This fluctuates above and below $1.
  3. Because of #3, it’s worth your time to evaluate whether minting or swapping oneVBTC is the most cost-efficient option. In general, if oneVBTC is below $1, swap for oneVBTC. If oneVBTC is above $1, mint it. This is because it always only costs $1 to mint a single oneVBTC.
  4. Take price impact and gas prices into account when making your decision to mint or swap.
  5. This can be confusing, so please ask in the chat or DM a team member if you have any questions.

Current Partners

Links

Please have a look at the following helpful links to see why Strudel is a unique, significant, and profitable protocol within the DeFi ecosystem and learn how to get involved. Please ask any questions you may have in our Telegram group or DM @HisDudeness47. We love to help and we love feedback.

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