Strudel DAO — a reserve currency that will act as a proxy for the growing Spirit ecosystem. The main goal - to take a significant position in the best protocols of the network, which will increase the treasury and the protocol.
About the Strudel DAO project
The Strudel DAO is based on a governance token, the Strudel Token (TRDL). Strudel allows BTC, BCH and other assets in the Ethereum and Polygon ecosystems to take advantage of liquidity mining, cross-chain arbitrage and index funds to enable lending and collateral in the near future.
This one-of-a-kind economic approach offers both casual users and high-profile investors multiple options for monetary growth and provides more variety and security for DeFi.
$TRDL — a governance and reward token for the Strudel protocol. It is created in two different cases:
| 1. | When a user crosses BTC on the bridge, $TRDL is minted along with vBTC, providing an additional incentive. |
| 2. | $TRDL rewards are distributed per block among liquidity providers of various Strudel (Terra Farm) pools. |
Mare Imbrium Fund — a balancer smart pool with six assets, weighted at 16.67% each. This fund includes three Strudel assets, the deflationary TWA token, ETH and a stablecoin. The assets, represented by the Mare token (with associated underlying sources of liquidity), are as follows:
- Strudel Token (TRDL).
- Strudel Bitcoin (vBTC).
- TWA/ETH LP token.
- Strudel Bitcoin Cash (vBCH).
- OneVBTC.
- wETH.
The Mare Imbrium Fund provides access to the Strudel ecosystem and is backed by ETH, the stablecoin and the deflationary TWA token.
More about the work of defi app
Strudel recently adopted a revolutionary governance system that uses TRDL to give the community a say in protocol changes. The developers are open to feedback and are committed to having community members play a more active role in the development of Strudel. In addition to the utility of management, TRDL locks inherent in the management system will reduce circulating supply and add an incentive to hold, which will naturally increase the cost of TRDL.
In addition, TRDL incentives are provided to those who choose to lock up their tokens for use in governance. They will be automatically distributed upon unlocking. The return on investment (ROI) for governance lock depends on the number of weeks users choose to lock their tokens, ranging from 1 to 52 weeks, and the stake.