Strips.Finance is a decentralized interest rate derivatives protocol for fixed-income interest rate swaps. These interest rate swaps will transform variable APY to fixed-rate APY, allowing users to lock in a high APY. The platform also enables yield hedging, leveraged yield farming, interest rate speculation, and more. To participate in interest rate speculation, users can long and short APY swaps on leverage. Strips.Finance holds 24/7 liquidity and has an insurance fund to provide liquidity as a last resort.
SupraOracles will provide transparent, real-time data for on-chain interest rate markets on Strips.Finance. By using SupraOracles’ fast and reliable oracle solutions, Strips.Finance is able to quickly publish interest rate prices and execute transactions dependent on interest rate values.
Ming Wu, CEO of Strips.Finance, commented: “We’re really excited to work together with SupraOracles to provide robust, real-time interest rates data for the decentralized finance ecosystem. Accurate and timely pricing data is one of the key pillars to building a robust and well-functioning financial ecosystem.”
Joshua D. Tobkin, CEO and Co-founder of SupraOracles, commented: “Strips.Finance is re-inventing the concept of the interest rate swaps we know in traditional financial markets and we are proud to be supporting this mission. Unlike some of our competitors who focus primarily on spot prices, our mission is to provide a wide variety of oracle feeds, including interest rates.”
SupraOracles strives to bridge the gap between traditional capital markets and the Web3.0 ecosystem. Our vision and driving mission is to empower the developer community with a novel oracle toolset so that they may conveniently create, deploy, and manage data applications with superior performance, robustness, and agility.
Our project is supported by seasoned professionals with experience in the architecture of consensus mechanisms, randomness research, real-time data services, investment banking, digital securities, traditional stock exchanges, big data, doctoral academia, big 4 consulting, blockchain/DLT, and DeFi.
Together with our developer community and growing list of partners, SupraOracles aims to solve the oracle dilemma and ultimately, power the future of finance.
Strips Finance is the world’s first decentralized interest rate derivatives trading platform. Interest rate swaps (IRS) allow participants to swap variable interest rates for fixed interest rates. The IRS market is one of the most important pillars of finance. There are currently no great options to trade interest rates in decentralized finance, and Strips aims to solve this problem by building the first natively decentralized interest rate derivatives exchange on Ethereum. Strips will grow to be the premier marketplace for fixed income.
Strips is built by a team of extremely talented veterans who reached the pinnacle of the financial industry. Built with efficiency, robustness, and community in mind, our path to success is built upon innovative products that move the decentralized financial ecosystem forward. Our goal is to build the premier marketplace for fixed income.
Our future products include perpetual bonds, structured bonds, and institutional interest rates clearing and settlement.