Strike Finance Don Report Record TVL Wey Pass $2.5 Million

Strike Finance report on November 9 say total value wey dem lock across the protocol don pass $2.5 million, all-time high according to the project. Its SLP liquidity vault dey near $2 million for locked value.

Strike Report Two BTC Milestones Inside Three Days

On November 6, Strike report say more than $750,000 in BTC don enter its liquidity vault. Three days later, dem report say more than $1 million dey across its liquidity vaults. The updates give rounded figures and describe different scopes, so the exact change inside those three days no clear.

enzoBTC Dey Back Loans Weh Dey Fund the SLP Vault

On October 29, Ben Ryan announce say Strike’s Borrow to Earn program don begin accept enzoBTC, tokenized form of bitcoin from Lorenzo Protocol. Users go deposit the token from an Ethereum wallet and pledge am as collateral for dollar-denominated loan. Under the program terms, the loan carry 0% interest and the proceeds go directly enter the SLP liquidity vault.

Strike launch its perpetual futures platform on Cardano. The enzoBTC integration give the platform way to draw liquidity from loans wey assets wey dem hold on Ethereum dey back. The amount wey dem add to SLP through each loan na the amount wey dem borrow, while the pledged enzoBTC secure repayment.

[NEWSBREAK]

Strike Never Still Disclose the Value of enzoBTC-Backed Loans

Strike’s update put dollar figure on the BTC wey dem supply enter its vaults and on the size of SLP. E no specify how much BTC dem supply as enzoBTC or how pledged assets take count inside the protocol-wide TVL. The figure wey go measure how the integration contribute to SLP na the amount of outstanding loans wey enzoBTC dey back and wey dem deploy inside the vault.