Today marks a major milestone for Strike.

We’re excited to announce a $1 million liquidity commitment to Strike V2 from a leading crypto firm.

This strategic deployment will be allocated equally between Strike and an external hedging venue, with a single hedging bot managing liquidity and exposure across both platforms. This setup dramatically increases our available liquidity and is expected to improve trading execution on Strike by more than 5x.

Why This Matters

This capital will be strategically deployed to our hedging system and significantly improve liquidity, better trade execution, reduced slippage, and a greater capacity to support large traders and growing demand.

This deployment gives us the firepower to continue delivering a world-class trading experience while supporting substantially higher trading volumes.

A New Capacity Milestone

With this additional liquidity, Strike can now comfortably sustain more than $10 million in daily trading volume.

To put that into perspective:

• $10 million in daily volume
• $4 billion in annualized trading volume
• 25 billion ADA in annual trading activity

This is a huge upgrade that takes our platform to the next level.

Institutional Credibility

Today shows that institutions are beginning to allocate capital to Strike Vaults as part of their portfolios, validating both the attractiveness of our yields and the infrastructure we’ve built.

We’re incredibly grateful to our newest liquidity partner for their trust in Strike and our long-term vision.

To other funds, family offices, and firms exploring on-chain opportunities: we’re open for business.

For more information on Strike Finance:

Website | Twitter | Discord | Docs | Github | Linktree

Strike Finance is an perpetuals protocol with full support for all major Cardano, Ethereum, and Solana wallets and all major stablecoins. Our goal is to become a dominant force in the DeFi landscape by focusing on security, efficiency, and transparency.

We’ve made the following adementments to the proposal after some feedback.

• Multisig with James from Moneta, Rami from Snek, and Phil from Surf
• Monetary risks for the treasury

We are excited to announce we are submitting a Cardano Treasury Withdrawal Proposal to earn yield for the Cardano treasury.

The treasury needs ways to make money and become self-sustaining. This proposal addresses this while also providing crucial liquidity to one of Cardano’s most used protocols. Below is the proposal summary, which will be officially submitted onchain in June 2026.

Contents

1. Proposal Overview
2. Executive Summary
3. Terms Sheet
4. Why This Matters
5. Strike Finance Overview
6. Treasury Deployment Framework
7. Expected Yield Generation
8. Treasury Yield Distribution Model
9. Potential Risks
10. Success Metrics and KPIs
11. Closing Statements

1. Proposal Overview

This proposal requests a 7,500,000 ADA treasury deployment into Strike Finance, one of Cardano’s largest and most active DeFi protocols, with the objective of strengthening Cardano-native liquidity infrastructure, increasing ecosystem trading activity, and generating sustainable treasury yield through a protocol that has already processed more than $1 billion in cumulative trading volume, generated more than 14 million ADA for liquidity providers, and accounted for more than 50% of Cardano trading activity over the past six months.

We expect, over 12 months, assuming no change in ADA price, that this position of 7.5M ADA should increase to approximately 8.85M ADA, based on aggressively conservative estimates compared to historical returns. The requested amount plus all generated yield will be sent back to the Cardano treasury after 12 months.

Proposal Snapshot

• Request: 7.5M ADA treasury deployment
• Duration: 12 months
• Structure: Productive liquidity deployment, not grant funding
• Treasury Ownership: Treasury retains ownership throughout deployment
• Yield Model: Estimated 1.35M ADA equivalent annually under conservative assumptions
• Midpoint Distribution: Yield returned at 6 months
• Final Return: Full principal + remaining yield returned at term end
• Oversight: Governance-controlled withdrawal authority + public reporting

2. Executive Summary

More than 75% of all cryptocurrency trading activity now occurs through perpetual futures markets.

If Cardano intends to compete as a globally relevant financial ecosystem, it must possess derivatives infrastructure capable of competing on the world stage.

Strike Finance has already demonstrated substantial market demand for Cardano-native perpetual trading infrastructure, processing more than $1 billion in cumulative trading volume, facilitating over 800,000 transactions, generating more than 14 million ADA for liquidity providers, and accounting for more than 50% of all Cardano trading activity over the past six months.

The demand already exists.

The next major bottleneck is liquidity.

Greater liquidity enables tighter spreads, deeper execution, larger position capacity, improved trader retention, and significantly greater on-chain economic activity across the Cardano ecosystem. This creates a powerful flywheel where deeper liquidity attracts more traders, more volume generates more fees, and greater trading activity strengthens the broader Cardano economy.

Strike Finance respectfully proposes a 7,500,000 ADA treasury deployment initiative designed to strengthen Cardano-native perpetual trading infrastructure while generating productive ecosystem yield through transparent and accountable treasury stewardship.

The objective is to establish a sustainable, ecosystem-aligned framework for globally competitive derivatives infrastructure while maintaining transparency, accountability, and governance oversight throughout the deployment lifecycle.

3. Terms Sheet

Requested Treasury Deployment: 7,500,000 ADA

Deployment Duration: 12 months

Allocation Structure

• 40% allocated toward existing ADA-native V1 liquidity infrastructure
• 60% allocated toward V2 stablecoin-denominated scalable liquidity infrastructure and execution depth

For modeling purposes, the V2 stablecoin allocation assumes an ADA reference price of $0.25. Under this assumption, the 4,500,000 ADA V2 allocation represents approximately $1,125,000 of stablecoin-denominated liquidity. Actual stablecoin notional deployed may vary based on the ADA conversion price at the time of deployment and will be transparently reported.

Treasury Yield Distribution

• Realized liquidity yield generated during the first six months returned directly to the Cardano Treasury at the six-month mark
• Remaining deployment capital and subsequent realized yield remain deployed during the second half of the term to support compounding liquidity growth
• At the end of the 12-month deployment period, 100% of treasury-owned deployed assets, including remaining principal and realized yield, will be returned to the Cardano Treasury

End-of-Term Return

At the end of the 12-month deployment period, 100% of treasury-owned deployed assets, including remaining principal and realized yield, will be returned to the Cardano Treasury.

For V1 ADA-native liquidity, this means the return of ADA-denominated treasury principal and all remaining realized ADA-denominated yield.

For V2 stablecoin-denominated liquidity, this means the return of treasury-owned stablecoin principal and all remaining realized stablecoin-denominated yield, with transparent ADA-equivalent reporting based on the applicable reference price at the time of reporting.

After the 12-month deployment period concludes, any continued treasury participation would require Strike Finance to submit a new proposal for governance review and approval.

Reporting Cadence

• Monthly public transparency reporting
• Public liquidity metrics
• Treasury deployment reporting
• Open interest and trading activity reporting

Governance Oversight

• Governance-controlled authority over withdrawal decisions and any future proposal
• Treasury principal remains ecosystem-owned throughout the deployment period
• Independent audit and assurance processes
• Transparent on-chain treasury monitoring

Treasury Ownership

Treasury principal remains owned by the Cardano ecosystem throughout the duration of the deployment period.

4. Why This Matters

Perpetual trading infrastructure now represents one of the largest categories within global digital asset markets.

Today, a substantial portion of derivatives trading activity originating from Cardano users leaves the ecosystem entirely for external platforms and competing blockchain ecosystems.

Strengthening Cardano-native perpetual trading infrastructure directly supports:

• Retention of trading activity within Cardano
• Increased ecosystem transaction volume
• Enhanced global competitiveness for Cardano DeFi

If Cardano intends to compete as a modern financial ecosystem, scalable derivatives infrastructure will be essential.

5. Strike Finance Overview

Strike Finance is one of the largest and most active DeFi trading protocols within the Cardano ecosystem.

Since launch, Strike has:

• Processed more than $1 billion in cumulative trading volume
• Facilitated more than 800,000 transactions
• Generated more than 14 million ADA for liquidity providers
• Consistently ranked among the largest contributors to Cardano trading activity
• Accounted for more than 50% of Cardano trading activity over the past six months

Strike has demonstrated substantial product-market fit for Cardano-native perpetual trading infrastructure.

The primary remaining bottleneck to further ecosystem growth is liquidity depth.

6. Treasury Deployment Framework

Throughout the deployment period:

Rami from Snek, James from Moneta, and Phil from Surf will have keys to the multisig to govern these funds. Strike will have no access to these funds during the deployment period.

• Treasury principal remains ecosystem-owned
• Treasury deployment remains publicly auditable
• Governance maintains withdrawal authority throughout the deployment period
• Reporting obligations remain transparent and ongoing

7. Expected Yield Generation

V1 ADA-Native Infrastructure

Allocation: Approximately 3,000,000 ADA

Target Modeled Return: 30% ADA-denominated APR

Historical Context: Historical realized returns have previously exceeded this APR during periods of elevated trading activity.

Using a more conservative modeled assumption:

Estimated Annualized Return: Approximately 900,000 ADA annually

V2 Liquidity Infrastructure

Allocation: Approximately 4,500,000 ADA intended for stablecoin-denominated V2 liquidity infrastructure

Modeling Reference Price: $0.25 per ADA

Modeled Stablecoin Notional: Approximately $1,125,000

Target Modeled Return: 10% USD-denominated APR

Using conservative modeled assumptions:

Estimated Annualized Return: Approximately $112,500 annually, or approximately 450,000 ADA equivalent using the $0.25 ADA reference price

Combined Expected Returns

Under conservative modeled assumptions:

Estimated Total Annual Ecosystem Yield: Approximately 1,350,000 ADA equivalent annually, using the $0.25 ADA reference price for V2 stablecoin-denominated yield

8. Treasury Yield Distribution Model

Strike Finance proposes the following treasury-aligned yield distribution structure:

Treasury Distribution Structure

• Yield generated during the first six months is returned directly to the Cardano Treasury at the six-month mark
• Remaining deployed capital continues to participate in liquidity infrastructure during the second half of the deployment period
• At the end of the 12-month term, 100% of treasury-owned deployed assets, including remaining principal and realized yield, will be returned to the Cardano Treasury

Treasury Stewardship Standards

A third party will be in charge of handling these funds. At no point during this 12 month term will Strike have custody over the assets.

To support responsible treasury stewardship:

• Treasury deployment remains transparently auditable
• Treasury capital remains ecosystem-owned throughout deployment
• Deployment utilization remains publicly monitored
• Phased deployment structures may be utilized where appropriate
• Governance retains withdrawal authority throughout the deployment period
• Independent oversight mechanisms may be utilized

Any treasury funds temporarily held by administrators or intermediary custody infrastructure prior to deployment will remain segregated within independently auditable accounts administered according to applicable Cardano governance standards.

9. Potential Risks

The primary risks of this proposal relate to whether the deployed funds generate enough yield to offset market movement, and whether the treasury receives back more value than it would have by simply holding ADA. Some community members may view part of this structure, especially the stablecoin allocation, as creating short ADA exposure because a portion of treasury ADA would be converted into stablecoins during the deployment period.

• For the V1 ADA-native liquidity allocation, the main risk is market direction. Historically, traders on Strike have often been net long. Since liquidity providers effectively take the other side of trader activity, a sharp increase in the ADA price over a short period could cause the V1 liquidity position to experience losses or drawdown.
• For the V2 stablecoin-denominated allocation, the main risk is ADA opportunity cost. This portion of the deployment would require converting ADA into stablecoin liquidity. If ADA appreciates significantly during the 12-month deployment period, the stablecoin vault may still generate positive yield in USD terms, but it may underperform simply holding ADA. In that case, the treasury could earn yield while still ending the period with a lower ADA-equivalent value than if the funds had remained in ADA.

10. Success Metrics and KPI Framework

The deployment should be judged against measurable baselines and target ranges. These targets are intentionally expressed as ranges rather than single-number promises because trading volume, vault PnL, and open interest depend on market conditions as well as liquidity.

• Strike Liquidity Provider (SLP) Vault TVL baseline: $926,590. After full SLP deployment, expected SLP TVL should move toward $2,036,877. The 90-day target range should be $1,731,345 to $2,036,877, allowing for normal withdrawals and PnL movement.
• Combined protocol TVL baseline: $1,611,906. After full SLP deployment, combined protocol TVL should move toward $2,722,192, excluding any separate liquid-staking figures.
• SLP-attributed volume baseline: $9.82M in the latest 30-day period and $13.30M all-time. A realistic 90-day target is $30M to $45M incremental SLP-attributed volume, with a 12-month target of $100M to $160M annualized SLP-attributed volume or a clear variance explanation.
• V2 trading volume baseline: $23.06M in the latest 30-day period and $30.10M all-time. A realistic 90-day target is $75M to $120M incremental V2 volume, with a 12-month cumulative V2 milestone of $300M to $500M if market conditions remain supportive.
• Combined Strike volume baseline: $1.082B all-time and $122.57M over the latest 30 days. A realistic 12-month target is $1.35B to $1.60B combined all-time volume, subject to market conditions.
• Open interest baseline: $257.0K latest V2 open interest and $529.8K observed peak on 2026–05–13. A realistic target is $500K to $900K sustained or recurring V2 open interest, with a $1M+ peak target if risk controls remain healthy.
• Depositor participation baseline: 170 SLP depositors. A realistic 90-day target is 225 to 300 depositors, with a 12-month target of 350 to 500 depositors.
• Treasury yield baseline: 20.83% current SLP APR and 19.98% 30-day APR. A realistic planning range is 8% to 18% gross APR, with realized and unrealized PnL reported separately every month.
• Risk baseline: 1.15% max drawdown and 3.92 Sharpe ratio. Governance review should be triggered if drawdown exceeds 8%, if reporting misses two consecutive cycles, or if there is any unresolved custody, accounting, depeg, or smart-contract concern. A mandatory review should occur above 10% drawdown.
• Market quality baseline: during the first 30 days after deployment, Strike should publish spread, quote depth, slippage at fixed trade sizes such as $10K and $25K, and fill-quality methodology by market. Future reports should show whether liquidity improved execution depth versus this baseline.

Transparency & Reporting

Strike Finance commits to maintaining transparent communication throughout the deployment period.

Reporting Commitments

Monthly transparency reports that include: liquidity deployments, trading activity, open interest, treasury utilization, ecosystem impact, treasury distribution.

A public dashboard may be maintained to provide transparent insight into treasury deployment performance and ecosystem metrics.

11. Closing Statement

Strike Finance believes Cardano has a unique opportunity to establish globally competitive, ecosystem-owned derivatives infrastructure while remaining aligned with the principles of decentralization, transparency, and responsible treasury stewardship.

Perpetual markets now represent one of the largest categories within modern digital financial infrastructure. If Cardano intends to compete at the highest level of decentralized finance, scalable and liquid derivatives infrastructure will be essential.

Strike Finance remains committed to transparency, accountability, and long-term ecosystem alignment throughout the duration of this initiative.

For more information on Strike Finance:

Website | Twitter | Discord | Docs | Github | Linktree

Strike Finance is an open-source perpetuals protocol on the Cardano blockchain. Our goal is to become a dominant force in the DeFi landscape by focusing on security, efficiency, and transparency.

We’re excited to announce the 1st phase of the Stablecoin Activation Initiative, starting with USDM.

We identified the largest USDM holders across the ecosystem.

235 wallets qualified.

If you’re holding over $1,000 USDM, check your wallet.

Your Strike Activation Pass has already been airdropped and looks like this:

This Pass can be redeemed for a $25 trading credit, unlocking up to $1,000 in trading power with 40x leverage.

That’s $1,000 in trading power for holding 1,000 USDM.

To activate it, fund your Strike account with $100 and the trading credit will be applied to your account.

If you’d rather earn than trade, USD can be supplied into the Strike Liquidity Vault, currently generating ~25% APR with 100% downside protection as part of the Strike Liquidity Program.

Support for USDCx, USDA, and USDC are planned soon.

The trading credit will expire in 7 days.

Thanks to everyone for the support and we’ll have the next update soon.

For more information on Strike Finance:

Website | Twitter | Discord | Docs | Github | Linktree

Strike Finance is an open-source perpetuals protocol on the Cardano blockchain. Our goal is to become a dominant force in the DeFi landscape by focusing on security, efficiency, and transparency.

There’s a lot going on right now so we’re making this post to summarize everything going on with Strike so its easier for you (and us) to keep up.

Here’s a list of all the updates from this past week:

• For starters, a little over a week ago we launched the Strike Liquidity Program (SLP) where we cover any potential liquidity provider losses up to $1 million in the Strike Liquidity Vault. In simple terms it just means if you lose money from our market making bot, we’ll reimburse you. If you supplied $10,000 and your position goes to $9,900, we’ll send you the $100. The rest of the details are in the article but the program has been a huge success so far with about $600,000 in the main vault and $750,000 in total.
• This past weekend, in relation to the SLP, the first firm supplied $100,000 to the vault. This is a huge step for institutional credibility and attracting more liquidity in the near future.
• About 70,000,000 ADA (70 million) in weekly trading volume between V1 and V2. About 40,000 ADA in weekly profit to holders, on track for 3.36M ADA annual revenue).
• We listed 2 new assets: Midnight ($NIGHT), and ZCASH ($ZEC)
• STRIKE token surpassed 40% dominance of Cardano DeFi marketcap.
• Launched Solana public testnet (a little more than a week ago), and announced trading credits for the 3 most active wallets. More rewards and incentives will come with our official Solana mainnet launch.
• Launched trailing stop loss feature.
• New all time high in V2 daily trades with over 5,000.
• New open interest all time highs, up about 70% week over week.
• New all time high in daily volume.
• Deployed detailed traders page to mainnet
• TWAP and grid trading bot deployed to testnet.
• Deployed new market making bot to significantly improve trading experience.

Overall, this was another strong week across the board with new features, new listings, new all-time highs, and the first signs of institutional liquidity entering the system.

Looking ahead you can expect more listings, additional feature releases, continued growth across V2 metrics, and further progress toward our Solana mainnet launch.

We appreciate the continued support and we’ll have the next update soon.

For more information on Strike Finance:

Website | Twitter | Discord | Docs | Github | Linktree

Strike Finance is an open-source perpetuals protocol on the Cardano blockchain. Our goal is to become a dominant force in the DeFi landscape by focusing on security, efficiency, and transparency.

Today we’re excited to announce the Strike Liquidity Program, where we will cover any potential losses incurred by capital deposited into the Strike Liquidity Provider (SLP) Vault. We expect the vault to make good money (already a 20% APR), but this initiative protects against downside risk.

Over the past year, Strike has grown into one of the most active trading venues in the Cardano ecosystem. As volume and participation have increased, one thing has become clear: deep, reliable liquidity is the foundation that makes everything else possible.

Every trade, every position, and every market on Strike depends on liquidity. Without it, there is no efficient execution, no tight spreads, and no scalable growth. The next phase of Strike is about strengthening that foundation and opening it up to users in a meaningful way.

Today, we are introducing a new opportunity to participate directly in powering the Strike markets.

By depositing USDM into the Strike LP Vault, users provide the liquidity that traders rely on across all active pairs. This capital is not idle. It is actively deployed through a market making system designed to continuously quote and manage positions across the platform. The same core principles used by professional market makers in global financial markets are applied here, allowing the system to operate efficiently while generating yield from trading activity.

What makes this particularly compelling is a limited-time protection mechanism designed to remove the primary barrier to participation.

For the next three months, Strike will cover any losses incurred by capital deposited into the LP Vault.

This means users can participate in powering the market without taking on downside risk during this period. Capital is actively deployed, earns yield from trading activity, and is protected against losses for the duration of the program.

Most users interact with markets as traders, taking positions and reacting to price movements. The LP Vault offers a different role. Instead of trading within the market, users can power the market itself. Every trade executed on Strike is supported by this liquidity.

The system behind the vault has been built with a focus on performance and reliability, drawing from market making strategies designed to operate in high-volume environments. Rather than passive lending, this is active participation in the core engine that drives trading.

As Strike continues to expand across assets and ecosystems, the importance of scalable liquidity will only increase. The LP Vault is the first step in opening that layer to users in a way that is both accessible and aligned with long-term growth.

For a limited time, users can participate with downside protection, while contributing to the infrastructure that powers the entire platform.

Quick Guide

First you must fund your account. There are few places to deposit, as shown in the screenshot.

From there, it will prompt you to supply either ADA or USDM.

After you’ve deposited money into your account, you can then go to the vault section and deposit the funds into the Strike Liquidity Provider (SLP) vault.

We are tracking all deposits and the program is effective immediately.

This program ends July 11th, 2026 at 12:00 PM EST.

All liquidity providers who supply for at least 30 days consecutively are eligible for this program. You can withdraw at any time after the 30 days, bpotential payouts will occur after the program completes.

For more information on Strike Finance:

Website | Twitter | Discord | Docs | Github | Linktree

Strike Finance is an open-source perpetuals protocol on the Cardano blockchain. Our goal is to become a dominant force in the DeFi landscape by focusing on security, efficiency, and transparency.

This article highlights our 2026 roadmap, plans for expansion, and new product offerings to look forward to throughout this year. To everyone involved with our project — liqudity providers, traders, and stakers— thank you for your trust and support in 2025 and we look forward to keep serving you this year.

2026 is here.

2025 was monumental for us. We established ourselves as one of the biggest projects on Cardano by nearly all metrics. It could even be argued we were the #1 project on Cardano by a wide margin.

Globally, we ranked top 10 in token performance out of more than 10,000 cryptocurrencies.

We are proud of our accomplishments last year, but that’s now in the past.

It’s a new day, it’s a new year. All that matters is the future. And this year we’re coming for it all.

We’re off to a hot start this year, already on pace to 6x our revenue and volume numbers from last year.

Our goals for this year focuses on strengthening our core infrastructure, unlocking new asset classes, enhancing user experience, and laying the foundation for Strike to become a true global financial platform.

Q1: The Launch of Strike V2 and Mobile App

We begin the year with the long-awaited launch of Strike V2 Mainnet. V2 transitions from the GMX liquidity pool model in V1 to a CLOB-based model. This represents a major upgrade to our protocol, designed to improve performance, reduce fees, and offer a wider range of assets to trade. We will also expand connectivity by supporting Bitcoin, Ethereum, and Solana deposits and withdrawals. Additionally, Q1 will see the launch of our native mobile app, which will present a smooth trading experience capable of onboarding millions of users from Solana, Ethereum, Cardano and more. Details of our mobile app will be announced in the coming weeks.

Q2: Introducing Spot and RWAs

In the second quarter, Strike will roll out spot trading. This upgrade turns Strike into a full-spectrum trading platform where users can swap and trade crypto assets with ease. We will also begin integrating equities and stocks, marking our first major step toward bridging traditional finance with decentralized markets. People will be able to leverage trade real world assets easily.

Q3: Fiat Ramps, Vaults, and Democratizing Trading Tools

We will complete the legal work required to allow deposits and withdrawals via ACH, wire transfer, and credit cards.

We will also introduce vaults, allowing users to allocate funds to vetted trading firms who trade on their behalf. Additionally, we will launch trading tools platform that users can publish and rent out, giving everyone access to sophisticated trading tools that were once reserved for the few.

Q4: Cross-Chain Lending

Building on our spot market, we will introduce cross-chain lending. This will allow users to borrow and lend assets seamlessly across multiple blockchain ecosystems such as depositing USDC to borrow BTC.

Cross-chain lending also unlocks greater capital efficiency. On most perp exchanges, margin sits idle and fragmented. With Strike, you can earn yield on margin used for trading perps. Collateral from loans can double as margin for perps. Your spot holdings and lending collateral can all serve as margin.

Summary

Our biggest focus is launching V2 Mainnet and our mobile app: a new protocol with low fees, fast execution, and support for major cryptocurrencies including Bitcoin, Ethereum, and Solana. From there, we’ll introduce spot trading and expand into equities and stocks. In Q3, we’ll roll out fiat on-ramps and off-ramps, launch vaults, and democratize access to trading tools. Finally, we’ll round out the year with cross-chain lending, unlocking true capital efficiency across multiple blockchain ecosystems.

We’re going all in on making this protocol competitive with industry titans. Our V1 achieved top-20 revenue at times during 2025. With a successful 2026 rollout, reaching top-5 revenue globally is in play.

We hope you’ll join us for the ride.

For more information on Strike Finance:

Website | Twitter | Discord | Docs | Github | Linktree

Strike Finance is an open-source derivatives protocol on the Cardano blockchain. Our goal is to become a dominant force in the DeFi landscape by focusing on security, efficiency, and transparency.

We’re thrilled to announce Strike Finance has acquired Bending AI, one of Cardano’s top DeFi analytics platforms. This marks an important step in our mission to deliver the most advanced trading experience in Cardano DeFi, combining world-class perpetuals infrastructure with cutting-edge analytics and insights.

Quick Read

• Strike Finance has acquired Bending AI, one of Cardano’s top DeFi analytics platforms.
• This is both a product and talent acquisition — Neil, Bending’s founder, is joining Strike to expand our data and analytics offerings.
• Bending continues as a standalone platform for now, and planning to implement a subscription model paid in $STRIKE.
• NFT holders remain unaffected — all existing rights and access are intact.
• Over time, Bending’s analytics will integrate directly into Strike, creating a hub for perpetuals trading + DeFi analytics.
• We’ll be hosting an X space tomorrow at 9:00 AM EST (1:00 PM UTC) for more details.

We did what?!

Since launch, Strike has focused on building the most powerful perpetuals trading protocol on Cardano, with deep liquidity, innovative leverage mechanics, and a roadmap toward Tier 1 exchange-level sophistication. At the same time, Bending has established itself as one of the premier analytics providers in the ecosystem, offering unique dashboards, advanced statistics, and tools that empower traders and DAOs with data-driven decision making.

Bringing these two forces together makes Strike more than just a derivatives platform, it sets us on the path to becoming Cardano’s hub for trading and DeFi intelligence.

Product and Talent Expansion

This acquisition is both a product acquisition and a talent acquisition. We’re excited to welcome Neil, the founder behind Bending, who will now be working directly with Strike Finance. Neil’s expertise and passion for analytics will help us take Strike’s data and stats to the next level, making our platform more transparent, insightful, and powerful for both retail and professional users.

The Future of Bending

For now, Bending will continue as a standalone platform, where we’ll keep improving its features and expanding its capabilities. A monthly subscription model paid in $STRIKE is planned, allowing users to unlock advanced analytics while also creating a new utility case for the token.

Over time, we expect to move toward full integration, where Bending’s analytics will become seamlessly embedded inside Strike’s trading platform. This will give our users access to real-time dashboards, funding rate insights, liquidation maps, sentiment data, and more — all from one place. Our long-term vision is for Strike to evolve into the go-to platform for perpetuals trading, DeFi analytics, and broader ecosystem tools.

Current Bending NFT Holders

We want to take a moment to speak directly to the Bending NFT community. Your rights and access to premium features remain fully intact and unaffected by this transition.

What’s Next

This acquisition is about more than just technology. It’s about bringing together the best of trading infrastructure and the best of analytics under one roof. With Neil joining the Strike team, and with Bending’s tools and community now aligned with ours, we’re building toward a future where Strike Finance isn’t just the leading perpetuals protocol on Cardano, it’s the data and intelligence backbone for Cardano DeFi as a whole.

Upcoming Roadmap

Alongside this acquisition, Strike has several major milestones on the horizon:

Strike V2: Our most ambitious upgrade yet. Liquidity providers will evolve into market makers, earning double-digit yields on stablecoins while strengthening Strike’s liquidity engine. Traders will benefit from the lowest fees in DeFi, competitive with top centralized exchanges. And for the first time, any asset with a USD price feed (including stocks and other assets) can be listed, massively expanding the range of trading options available on Strike.

We’ve also hired three (actually now 4) of the top engineers in the industry to bring this to life. With Strike V2, we expect an explosion in TVL, revenue, and trading volume, bringing a new wave of users to Cardano.

$STRIKE as Collateral: Traders will soon be able to use STRIKE directly as collateral, unlocking up to 25x leverage and strengthening the token’s core utility.

Bitcoin Perpetuals & New Listings: Bitcoin perps are on the way, alongside new listings for other Cardano native tokens.

Upcoming CEX Listings: We’re continuing to work on putting together 3 CEX listings from top 15 CEX’s globally. This will pave the way to our first Tier 1 listings. More details on this will be announced soon.

We’re excited for what’s ahead and grateful to both communities for your continued support. The next chapter for Strike Finance and Bending is just beginning, and together we’ll keep raising the bar for what’s possible on Cardano.

For more information on Strike Finance:

Website | Twitter | Discord | Docs | Github | Linktree | Bending

Strike Finance is an open-source derivatives protocol on the Cardano blockchain. Our goal is to become a dominant force in the DeFi landscape by focusing on security, efficiency, and transparency.

Everything You Need to Know About Strike Finance on Cardano — Q2 2025

Derivatives products have been dominating the blockchain industry — especially perpetuals. Strike is bringing this to Cardano.

As the Cardano ecosystem evolves, there is one project focused on introducing sophisticated financial instruments and unlocking new possibilities in decentralized finance: Strike Finance. Built from the ground up on Cardano, we are pioneering non-custodial trading of options, forwards, and perpetuals — all in a fully open-source and permissionless way.

Whether you’re new to the protocol or looking to understand its roots and roadmap, this article covers everything you need to know about Strike Finance: how it started, what it’s built, and where it’s headed.

The Origin Story of Strike Finance

Strike Finance was founded by Shan Yu Zhang, who was drawn to Cardano for its shared community vision and robust, secure infrastructure. Unlike other ecosystems driven by hype, Cardano offered what Zhang described as a “clean slate” — a place where he could build long-term without distraction.

“What made me stay is the shared vision of the people in this community… My vision for Strike Finance is to help people achieve financial independence. Derivatives are just the first products we have on our roadmap.” — Shan Yu Zhang

From the beginning, Strike aimed to fill a critical gap in the Cardano ecosystem: the absence of advanced, trustless financial instruments like derivatives. While Cardano offered strong foundations in governance and staking, the DeFi landscape lacked protocols that could handle more complex use cases like hedging, leverage, and speculation; all of which Strike was designed to solve.

Milestones and Growth

August 2024 — Public Testnet Launch (Forwards)

Strike released its first public testnet, allowing users to experiment with options and forwards. This marked Cardano’s first real foray into derivatives, kicking off Strike’s product evolution.

December 2024 — Stealth Mainnet Launch (Forwards)

By December, we quietly launched its forwards contracts to mainnet — a deliberate move that gave the team time to monitor performance, fix bugs, and gather user feedback.

March 2025 — Perpetuals Go Live (Testnet)

Strike launched its testnet for perpetual contracts, introducing leveraged long and short positions on ADA — a major breakthrough for traders seeking capital-efficient exposure.

Mobile Integrations

Recognizing the importance of accessibility, Strike rolled out integrations with Tokeo and Vespr, making it possible for users to engage in derivatives trading directly from mobile wallets.

Where We’re At Today

We’re all hands on deck for the launch of our perpetuals mainnet release.

Perpetuals is by far dominating the derivatives industry, and this pattern on Cardano is shaping up to be no different.

We are making sure we have one of the cleanest perpetuals trading experiences in the world, something that makes our community proud to be apart of Strike.

We are currently making arrangements to expedite our audit to ensure a timely mainnet release.

Why Strike Matters to Cardano

Cardano has always emphasized scientific rigor and peer-reviewed design, but for years it lacked a robust DeFi toolkit. Strike Finance is part of a new wave of protocols that are:

• Bringing institutional-grade trading tools to a decentralized context
• Enabling capital efficiency through trustless leverage
• Offering censorship-resistant alternatives to centralized exchanges

This isn’t just about building cool tech — it’s about empowering users with tools that have the potential to generate and protect real financial value.

What’s Next for Strike Finance?

We’re full steam ahead and looking forward to growing with our community. In addition to pushing toward mainnet deployment of perpetuals, the team is working on:

• Advanced order types like limit and grid orders
• UX/UI improvements across the protocol
• Expanding to other asset types
• Deepening community involvement and incentives
• Exploring multi-chain or cross-chain interoperability
• Bringing advanced utility to $STRIKE

We are committed to staying transparent and open-source, with future plans for governance models and ongoing user education.

Final Thoughts

Strike Finance isn’t just another DeFi protocol, it’s a foundational layer for Cardano’s future as a serious contender in global finance. By introducing fully decentralized derivatives, the team is opening the door to a new class of financial products that are flexible, secure, and built to last.

Whether you’re a seasoned trader, a DeFi builder, or simply a believer in Cardano’s long-term vision, we believe we are a protocol worth paying attention to.

The future of derivatives on Cardano has arrived, and it’s just getting started.

For more information on Strike Finance:

Website | Twitter | Discord | Litepaper | Mainnet | Docs | Demo | Github

Strike Finance is an innovative, open-source derivatives protocol on the Cardano blockchain. Our goal is to become a dominant force in the DeFi landscape by focusing on security, efficiency, and transparency.

We are excited to collaborate with another leading Cardano DeFi project in Splash to celebrate the upcoming public testnet launch of STRIKE perpetuals. As part of this event, we are launching the STRIKE Trading Initiative, where the top traders of the STRIKE/ADA pair will have the opportunity to earn a share of 5,000 ADA in rewards.

The event will run for five days, starting today at the time of this press release. The top three traders by volume will receive rewards, with first place earning 2,500 ADA, second place receiving 1,500 ADA, and third place receiving 1,000 ADA.

To encourage consistent trading, participants who rank in the top five on each of the five days will receive a 10% bonus added to their final volume score. For example, if a trader accumulates 50,000 ADA in total volume and places in the top five every day, their final score will be 55,000 ADA. This structure is designed to reward sustained participation rather than last-minute trading activity.

Each trading day lasts 24 hours, starting from the time of this announcement:

• Tuesday 12:00 PM EST — Wednesday 12:00 PM EST
• Wednesday 12:00 PM EST — Thursday 12:00 PM EST
• Thursday 12:00 PM EST — Friday 12:00 PM EST
• Friday 12:00 PM EST — Saturday 12:00 PM EST
• Saturday 12:00 PM EST — Sunday 12:00 PM EST (final day)

Participants can trade on any Cardano DEX available via DexHunter, though we recommend Splash due to its higher liquidity. You can start trading here.

We look forward to an exciting competition as we approach the launch of STRIKE perpetuals.

For more information on Strike Finance:

Website | Twitter | Discord | Litepaper | Mainnet | Docs | Demo | Github

Strike Finance is an innovative, open-source derivatives protocol on the Cardano blockchain. Our goal is to become a dominant force in the DeFi landscape by focusing on security, efficiency, and transparency.

We’re excited to announce our presale will begin Wednesday, August 28th, 2024 at 2:00PM UTC. Presale participants will be able to claim 4.285 STRIKE per 1 ADA. The sale is first come first serve, with a max raise of 3.5M ADA. Sixty percent of all STRIKE tokens will be available. This is effectively a ~5.8M ADA fully diluted value market cap. The rest of this article will explain the full presale details.

Presale Details

The details of the STRIKE token presale are simple.

We recently released our tokenomics and announced that 60% (15,000,000) of STRIKE tokens are allocated for our presale. It will launch on Wednesday, August 28th, 2024, at 2:00 PM UTC. On the day of the presale, we will provide the sale portal and presale address, offering the first opportunity for supporters to receive STRIKE tokens.

The presale will last 48 hours and conclude on Friday, August 30th, 2024, at 2:00 PM UTC, or once the presale allocation is fully subscribed. Any unsold tokens from this 60% allocation will be reallocated elsewhere.

Early supporters will receive 4.285 STRIKE tokens for each 1 ADA contributed to the presale address, translating to a fully diluted valuation (FDV) of ~5.8M ADA for Strike Finance. This is a max ADA raise of 3.5M ADA, and it will be first come first serve.

Funds will be used to scale and expand our operations, cover the costs of audits, provide liquidity to STRIKE/ADA, and more.

STRIKE tokens will be available for purchase on AXO. Tokens will arrive in your wallet immediately. Please refrain from trading on secondary markets until the sale has concluded and the STRIKE team sets up the liquidity on DEXs.

In the coming days we’ll host a twitter space and conduct an interview to answer any questions you may have. Alternatively, you can reach our founder directly on Twitter or Discord.

STRIKE Utility

The STRIKE token is designed to offer strong value to protocol supporters through four primary methods: Staking, Collateral, Governance, and Transaction Fees. Detailed information about STRIKE’s utility can be found here.

Final Remarks

In this article, we have outlined the details of the Strike Finance presale, which starts on Wednesday, August 28th, 2024. The presale will last for 48 hours, and shortly afterward, we will provide liquidity to the STRIKE/ADA pair and send STRIKE tokens to the presale contributors.

Thank you to everyone for your support so far and we look forward to pushing our derivatives protocol to mainnet.

For more information on Strike Finance:

Website | Twitter | Discord | Litepaper | Testnet | Docs | Demo | Github

Strike Finance is an innovative, open-source derivatives protocol on the Cardano blockchain. Our goal is to become a dominant force in the DeFi landscape by focusing on security, efficiency, and transparency.