Strips Finance

Purpose and Utility

Strips Finance is a decentralized interest rate derivatives protocol built on Arbitrum that enables fixed and variable rate trading. The STRP token serves as the protocol's governance token, allowing holders to participate in decision-making regarding protocol parameters and updates.

Business Model

The protocol's business model centers around providing a platform for trading interest rate products and derivatives. Users can trade fixed and variable rates, with the protocol generating fees from trading activities. The STRP token grants governance rights and a share in protocol fees.

Real-World Adoption

The protocol has seen limited adoption since its launch, with most activity concentrated in governance participation and trading on decentralized exchanges. The platform facilitates interest rate trading, which is fundamentally based on lending and borrowing mechanisms.

Development Activity

The project maintains active development, with regular updates to the protocol and governance proposals. The team continues to work on expanding features and improving the platform's functionality.

Token Distribution

The token distribution includes allocations to the team, advisors, and early investors, with vesting schedules in place. A significant portion is reserved for community incentives and protocol development.