Strudel Finance

The Strudel DAO links Bitcoin (BTC), Bitcoin Cash (BCH), and other centralized 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, arbitrage, lending, collateralization, and more.

By eliminating the need for custodial control of assets with typical wrappers, Strudel’s trustless protocol trades off counterparty risk for market risk while using market dynamics, crypto-economic incentives and cross-chain capabilities to maintain a pegged, scalable, and capital-efficient ecosystem. This one-of-a-kind economic approach offers average users and big money investors alike numerous options for monetary growth and grants more diversity and security to DeFi.

Strudel is a reserve currency on Fantom, that will pose as a proxy for the growing Spirit ecosystem. Our main goal is to acquire sizeable positions in the best protocols on the network, allowing us to grow our treasury and protocol.

It is 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.

We found Fantom's approach on continuous technical innovation and strong application layer foundations fascinating. Fantom is also a solid ecosystem, which has been rising even when Bitcoin was on its worst time, that's a clear sign that the market is aware of Fantom's potential. That's why we choose to launch on the Fantom, a new network with a fresh supply starting from zero.

At this very same moment, SpiritSwap if Fantom's second largest DEX by volume and TVL. SpiritSwap is going to distribute farming rewards to its farms in a gauge system, where each week there will be a vote to do so, akin to Curve. Permanently acquiring voting power of such a protocol means being able to distribute increasing rewards on a certain farm. You might make your liquidity providers happy. Or you might use a part of this rewards to invest in more voting power and then get even more returns. And this is one of the main reasons why we Strudel Finance is launching on Fantom.

The Ohm model allows a protocol to get treasury without downward pressure on the native coin it bargains with. Often, quite the contrary. The more a protocol gets in debt, the more treasury it got in the meanwhile. More treasury, increasing expectations for the future, or increasing yields for your stakers if those assets can even produce. We do not want to spend too many words about this topic, because it’s been already discussed everywhere enough. But we can tell you we're adding a slight twist to the vanilla dynamics. Users will be able to lock, not stake, their tokens. Number one protocol dynamics meet number one tokenomics. Less circulating supply. More yields for the long term believers. You get the point.

Being able to bridge vBTC on a blockchain on a trustless way, needs consensus. The more people bridge, the more will be able to bridge The more it is used the better it keeps peg. After we’ll have acquired our sizeable positions in Spirit and/or other projects, we’ll introduce vBTC farms and direct yields to those. The permanently increasing demand will make vBTC price rise, even above peg. The bridging will come as natural arbitrage. people will bridge. A lot. And we’re building other strong use cases for vBTC, which is here to stay. Everywhere there is a pool with wrapped Bitcoins, there will be vBTC. And, most of the times, we'll make it be the highest paying one. The finest choice.

Strudel Bitcoin (vBTC)

The first engine to Strudel, Strudel Bitcoin (vBTC), is minted at 1:1 (plus Strudel Token incentives) when Bitcoin (BTC) is bridged in a 100% trustless manner through the Strudel protocol to Ethereum. vBTC can also be swapped just like any other token on Ethereum and now can be traded and pooled on Polygon (Matic) as well. Currently multiple incentivized pools and funds exist for vBTC on both Ethereum and Polygon (see below). Plans for the ability to lend and collateralize vBTC will also be implemented in the near future, making it an even more valuable and relevant asset to own in this dawning age of decentralized finance. The archaic strategy of holding Bitcoin without a way to make capital work for the holder is a thing of the past. vBTC allows holders to make their capital work for them. By combining the benefits of Bitcoin with the benefits of decentralization, and while doing so in a uniquely secure and trustless manner, vBTC can be thought of as “Bitcoin with benefits”.

Strudel Bitcoin Cash (vBCH)

The second engine to Strudel, Strudel Bitcoin Cash (vBCH), is when Bitcoin Cash (BCH) is bridged through the Strudel protocol to Binance Smart Chain (BSC). This L2 solution provides dramatically improved gas fees for claiming bridged tokens as well as Strudel Token (TRDL) incentives for early adopters. This solution will eventually be incorporated on all prior and future Strudel bridges. Furthermore, has recently been implemented to bring minted vBCH and TRDL back to Ethereum where they can be reap the benefits of decentralization. This BSC-ETH bridge is another checkmark for Strudel’s goals to expand cross-chain for interoperability, a fantastic utility in its own right. This application allows for investors to bridge funds on ETH to BSC through vBCH and TRDL, and vice versa. Recently developed pools/funds have allowed for investment of vBCH on Ethereum, and its utility will continue to expand on Ethereum and other blockchains. Think of vBCH as “Bitcoin Cash with benefits”.

Strudel Token (TRDL)

The gas to vBTC/vBCH’s engines, The Strudel Token (TRDL or $TRDL) serves as the governance token for the Strudel protocol as well as an incentive for using the Strudel bridges and providing liquidity. Furthermore, TRDL can also be pooled on various protocols with economic incentives, including , allowing users to compound earnings. As Strudel continues to expand cross-chain, the TRDL is now available on Ethereum, Polygon, and Binance Smart Chain with plans to further increase utility and liquidity in the near future.

Strudel has recently adopted a revolutionized governance system where TRDL is used to give the community a voice in instituting changes to the protocol. We are open to feedback and eager to have community members have a more active role in Strudel’s development. Beyond the utility of governance, TRDL lockups inherent in the governance system will lower circulating supply and add holding incentive, naturally leading to an increased TRDL value. Furthermore, TRDL incentives are provided for those who choose to lock their tokens for use in governance. These will be automatically distributed when unlocking. The Return on Investment (ROI) for governance lockups is a function of the number of weeks users choose to lock up their tokens, ranging from 1-52 weeks, and the size of the stake. The interest gained on TRDL deposits starts at 10% for a 100 TRDL deposit for 52 weeks and tapers down as the amount staked increases. This ensures we can guarantee a fixed rate to all users who wish to be more involved with the TRDL community.