Strudel DAO — the reserve currency on the Harmony blockchain. The goal - to take a significant position in the best network protocols, which will increase the treasury and protocol.
Description of Strudel DAO
Strudel allows BTC, BCH and other assets in the Ethereum, Polygon and Harmony ecosystems to take advantage of liquidity mining, cross-chain arbitrage and index funds to enable lending and collateral in the near future.
Eliminating the need for custodial control of assets with typical wrappers, the trustless Strudel protocol trades counterparty risk for market risk, using market dynamics. 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
It also acts as an incentive to use Strudel bridges and provide liquidity. In addition, TRDL can also be combined into various protocols with economic incentives. This allows users to increase profits.
The Strudel NFT Index was recently launched as the latest addition to the growing line of Strudel utilities. The team created and added liquidity to a balancer pool that automatically rebalances to store even amounts (25%) of vBTC and fractional versions of $PUNK, $BAYC and $COOL. In addition, a Strudel NFT index farm was set up at Strudel Farms to further increase the incentive to provide liquidity.
Mare Imbrium Fund
Mare Imbrium Fund — a Balancer pool with six assets. 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:
| 1. | Strudel Token (TRDL). |
| 2. | Strudel Bitcoin (vBTC). |
| 3. | Strudel Bitcoin Cash (vBCH). |
| 4. | TWA/ETH LP token. |
| 5. | OneVBTC. |
| 6. | wETH. |
Since TWA/ETH LP tokens are one of the six assets in the Mare Fund, it can also be said that ETH makes up 25% of the index and TWA makes up 8.34%. The Mare Imbrium Fund is a highly undervalued, low-risk index fund that provides access to the Strudel ecosystem and is backed by stablecoin and the deflationary TWA token. The investment of one asset (one-way liquidity) provides demand for the remaining five tokens through arbitrage rebalancing inherent in these types of smart pools.