Traders can trade with up to 20x leveraged long or short on Ethereum with low and transparent fees.
Strike supports both conventional and blockchain-based assets like gold, crude oil, fiat currencies, and BTC.
Automated Market Makers provide guaranteed on-chain liquidity and solve liquidity issues plagued by most orderbook-style DEXs.
In contrast to popular DeFi protocols that also utilize AMMs, stakers on Strike do not suffer from any impermanent loss caused by price fluctuation.
Strike is composed of two parts: Uniswap-like AMMs and a built-in Liquidity Reserve which backs and secures the AMMs.
Like Uniswap, traders can trade with AMMs directly without counter-parties. The AMMs provide guaranteed on-chain liquidity with predictable pricing set by constant product curves.
SKE holders can stake SKEs to Liquidity Reserve, which is used as the last line of defense to cover the unexpected losses. In return, stakers are rewarded with part of the tx fees plus staking rewards.
SKE is Strike's ERC-20 native protocol token and issued by Strike DAO.
SKE holders can stake SKEs to secure the protocol. In return, stakers are rewarded with part of the tx fees plus staking rewards every week.
Once the ecosystem is matured and there is broader token distribution, Strike will gradually transition into a DAO and let the community decide the future development of the protocol.
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