Nov 20, 2020Holding the Peg through Seigniorage SharesSince the launch of the Strudel protocol, we have seen the price peg of vBTC deviate from the price of BTC in both directions. The elastic supply that was meant to be created through trades in the power pool broke down after the first week, as arbitrage bots interfered with…Ethereum2 min readEthereum2 min read
Nov 12, 2020Introducing the Strudel Dev Fund and First PayoutsAfter a turbulent launch weekend, we are back to give an update on the development fund and the team behind this project. To enable the continued development of the Strudel protocol 5.56% (to be precise: 17 / 306) of all minted $TRDL tokens go into the development fund. …Ethereum3 min readEthereum3 min read
Nov 3, 2020On-chain Governance ReimaginedThe Strudel protocol is taking a step towards community governance by partnering with deora.earth. Deora’s governance rollup solutions enable secure, on-chain execution without the need to pay gas for each vote. Collecting votes on a rollup Until now, governance parameters and contract upgrades have been in the hand of the multi-sig signers. A delay of…Ethereum2 min readEthereum2 min read
Oct 23, 2020A new Reflexive Farming ScheduleFarming rewards with a high issuance of new coins and static schedules have proven to produce negative effects on protocols, like in the case of SushiSwap. A high issuance of new coins is often accompanied by strong selling pressure on the token. …Btc3 min readBtc3 min read
Oct 22, 2020vBTC-tBTC on Sushi Menu of the WeekStrudel’s vBTC has been voted by the community to be among the most delicious Sushi of the Week. You can now earn SUSHI by staking your vBTC-tBTC pair. Trustless bridges unite! vBTC and tBTC are fighting against the counterparty risk of trusted Bitcoin bridges. …Defi2 min readDefi2 min read
Oct 15, 2020Changes to the $TRDL Rewards StrategyCurrent State At the time being we are distributing $TRDL farming rewards by the following metric: - vBTC power pool: 50% - $TRDL/ETH pool: 30% - vBTC spot pool: 5% - renBTC/ETH pool: 5% - tBTC/ETH pool: 5% - wBTC/ETH pool: 5% The objective of farming rewards is to bootstrap the project…Defi2 min readDefi2 min read
Oct 14, 2020Surfing the Flippening with $TRDLThe Strudel Protocol is not only a trustless bridge, migrating BTC permanently onto the Ethereum chain, it is also a bet on market dominance. In this article we will explain core concepts leading to $TRDL success when Ethereum overtakes Bitcoin as the biggest cryptocurrency. The Power Pool The Strudel Power Pool is a…Defi3 min readDefi3 min read
Oct 13, 2020Trustless Bridges collaborating on Block RelayConnecting foreign blockchain assets to Ethereum requires a light-client following the consensus algorithm of the other chain. In the case of BTC it entails the relay and verification of all Bitcoin block headers in an Ethereum smart contract. …Ethereum2 min readEthereum2 min read
Oct 11, 2020The Meaning and Value of vBTCToday: Price pegs of tokenized BTC are maintained by arbitrage between trusted bridges. vBTC and the Strudel Protocol is about trusting crypto-economic incentives without middlemen. It is the next logical step towards a trustless bridge of Bitcoin to Ethereum. The Importance of Crossing Trustless There is systemic risk in the ecosystem! Trusted bridge solutions like…Defi4 min readDefi4 min read
Oct 9, 2020How to enter the StrudelIn order to make your exploration through the Strudel as secure as possible — read these instructions on how to enter first. Mint vBTC To start of, simply connect the Dapp with your wallet. We support Meta Mask and WalletConnect. Put the desired amount of vBTC, that you want to mint, in…Defi3 min readDefi3 min read
