Strike

Overview and Purpose

Strike Protocol is a decentralized lending platform built on the Ethereum blockchain that was launched in March 2024. It is designed to provide permissionless borrowing and lending services, with a focus on capital efficiency and risk management. The protocol allows users to supply various crypto assets as collateral and borrow other assets against that collateral.

Business Model and Utility

The STRK token serves as the governance token for the Strike Protocol. Token holders can participate in governance decisions regarding protocol parameters, risk management, and treasury allocation. The token also captures protocol fees and can be staked for additional rewards.

Real-World Adoption

As a newly launched protocol, Strike is still in its early stages of adoption. The platform has attracted initial liquidity providers and borrowers, though exact usage metrics are still developing. The protocol has implemented security measures including audits and gradual parameter adjustments.

Development Activity

The Strike team maintains active development, with regular updates to the protocol's smart contracts and user interface. The project maintains open-source code repositories and has a documented roadmap for future features and improvements.