Strike Don Launch Second Season of SLP Vault Rewards

Strike Finance don launch the second season of im rewards program for people wey dey deposit for SLP vault. The perpetuals trading platform go share extra 20,000 STRIKE tokens for next one month, and rewards go dey pile up every day.

The program start as Strike report say vault deposits don near $1.5 million. Participants fit track their rewards through the points page inside the Strike application.

How the Strike Rewards Program Work

The second season get the same token allocation like the first one. For the first season wey run from September 28 to October 28, the program distribute 888 points every day give depositors based on their average deposits. For the end of the season, the points wey each participant get determine their share from the 20,000 STRIKE reward pool.

Points for the first season depend on how much person deposit, no be whether the vault make profit or loss. Shares wey dey wait to withdraw and deposits wey dem fund with dollars borrowed through Borrow & Earn no qualify.

Rewards dey pay go one Cardano address. Users wey sign in with Cardano wallet go receive am automatically, while people wey dey use Ethereum wallet, Solana wallet, or email account must provide one Cardano address. Under the rules wey dem publish, person no fit change address after e don submit am.

Strike confirm say Season 2 rewards dey accrue every day. The documentation still describe the first season for morning of November 8, so e no specify the exact end date for the new season or how many points dem go distribute each day.

How the SLP Vault Work

Strike launch im first version for May 2025 using shared liquidity pool. Strike V2 move go order book, where buy and sell orders dey match. Trading activity, including order matching, liquidations, and funding, dey run on top one dedicated execution layer wey dem call the Strike Node. Assets dey hold and settle through on-chain contracts.

The SLP vault dey supply liquidity to markets for the platform. Strike talk say im market-making system develop with one professional market-making firm and na the Strike team dey operate am.

The vault still dey do some functions wey insurance fund dey do before. E dey collect liquidation fees, fit take over positions wey other participants no absorb, and e dey bear final credit losses. Because of that, im return dey change based on performance and e no fixed.

Strike don set one liquidity protection program wey go cover vault deposit losses from July 4, 2026, reach July 4, 2027. The program apply to up to $2 million deposited capital and e require make funds remain inside the vault for at least three months. According to the program terms, the protection account dey funded with ADA or the USDM stablecoin.

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Vault Figures for the Start of Season 2

For morning of November 8, Strike public API show say SLP vault capital dey around $1.43 million and 234 depositors. The displayed annual percentage rate na 33.7%, and this figure fit change based on the vault performance.

The API still show cumulative deposits of $4.43 million and withdrawals of $3.14 million. The vault no dey charge manager commission and minimum deposit na $100. Strike documentation describe one day withdrawal waiting period. If funds no dey enough when withdrawal time reach, the request go remain pending until liquidity free.

The reported capital dey below the $2 million deposited-capital limit for the protection program, and the other conditions still apply. Strike still report separately say total trading volume for V2 don pass $900 million.

The project documentation still describe possible expansion of the points program to include trading activity for future season.