Enter the Strudel

Strudel DAO: The first and only one-way, trustless bridging protocol

The Strudel DAO links Bitcoin (BTC), Bitcoin Cash (BCH), and other centralized assets to the expanding DeFi landscape. Powered by the governance token, Strudel Token (TRDL), Strudel allows BTC, BCH, and other assets to be utilized in the Ethereum and Polygon ecosystems to reap the benefits of liquidity mining, arbitrage, lending, collateralization, and more.

By eliminating the need for custodial control of assets with typical wrappers, Strudel’s trustless protocol trades off counterparty risk for market risk while using market dynamics, crypto-economic incentives and cross-chain capabilities to maintain a pegged, scalable, and capital-efficient ecosystem. This one-of-a-kind economic approach offers average users and big money investors alike numerous options for monetary growth and grants more diversity and security to DeFi.

Learn more about the protocol in our documents.

Our Vision

What is Strudel DAO?

By eliminating the need for custodial control of assets with typical wrappers, Strudel’s trustless protocol trades off counter-party risk for market risk while using market dynamics, crypto-economic incentives, and cross-chain capabilities to maintain a pegged, scalable, and capital-efficient ecosystem. This one-of-a-kind economic approach offers average users and big money investors alike numerous options for monetary growth and grants more diversity and security to DeFi.

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Trustless

BTC collateral is safely kept forever in the custody of the Strudel protocol. Nobody can move the underlying BTC on the original chain. They can only be utilized in the Ethereum ecosystem.

Capital Efficient

The Strudel protocol doesn't need collateral to guarantee the safety of the assets bridged. For this reason the protocol is able to incentivize liquidity provision to sustain the peg long term.

Scalable

vBTC can realistically wrap a significant number of the BTC supply. As more BTC cross the bridge, the system value is solidified and assets will trend closer to the pegged price.

Introducing the Orkan ($ORK): A decentralized reserve currency for the Fantom Ecosystem.

Being able to bridge BTC on a blockchain in a trustless way, needs consensus. The more people bridge, the more will be able to bridge The more it is used the better it keeps peg. After we’ll have acquired our sizeable positions in Spirit and/or other projects, we’ll introduce vBTC farms and direct yields to those. This permanently increasing demand and will make vBTC price rise, even above peg.

But why $ORK token? Orkan is the German word for Hurricane. And we’re bringing the Bitcoin Hurricane to Fantom. $ORK will be the reserve currency for the new Ohmification of our Strudel Protocol incentives. We need incentives in place to buy vBTC when it is below peg on Mainnet, and a place to arbitrage it on Fantom, or bond it to the protocol for discounted $ORK. This creates a buying pressure we didn’t have before, and incentivizes a trading/bonding structure rather than direct sale. This equates to a more utility-heavy Strudel-wrapped Bitcoin. The longer we can keep the price pegged to the BTC average, the deeper the pool gets, the stronger the bridge.

The bridging will come as natural arbitraging. And people will bridge. A lot. We’re building other strong use cases for vBTC too, which will be here to stay. Everywhere there is a pool with wrapped Bitcoins, there will be vBTC. And, most of the time, we’ll be the highest paying of your wrapped BTC options.

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How does it work?

Enter the Strudel

By using the Strudel Dapp, Bitcoin is permanently locked and marked with the Strudel protocol identifier. The lock transaction is then relayed to Ethereum, issuing vBTC on Ethereum in the exact ratio of 1:1.

$TRDL/ETH SLP

Strudel Token

The Strudel Token

$TRDL is the governance and reward token for the Strudel Protocol. It is created on 2 separate occasions:

When a user crosses BTC over the bridge, $TRDL is minted alongside vBTC, providing extra incentive.
$TRDL rewards are distributed per block to liquidity providers of various Strudel (Terra Farm) pools.

Terra-farming started at block #11.021.639 with 1 $TRDL per block and this reward remains. As another incentive, the more BTC that cross the bridge, the higher the bonus multiplier is for Terra farmers, increasing $TRDL harvests above 1 $TRDL per block temporarily.

vBTC/ETH LP

Carlos Vera Paz

Technology

José

Communications

Aimee

Operations

Paul

Operations

Advisor

Air

Business Development

Carl

Johann

Advisor

Keno

Advisor

Legal information

Legal Notice and Disclaimer

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Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations. Past results are no indication of future performance. In no event should the content of this correspondence be construed as an express or implied promise or guarantee. Strudel Finance is not responsible for any losses incurred as a result of trading our token.

Information provided in this correspondence is intended solely for informational purposes and is obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. None of the content published on this site constitutes a recommendation that any particular cryptocurrency, portfolio of cryptocurrencies, transaction or investment strategy is suitable for any specific person. None of the information providers or their affiliates will advise you personally concerning the nature, potential, value or suitability of any particular cryptocurrency, portfolio of cryptocurrencies, transaction, investment strategy or other matter.

The products and services presented on this website may only be purchased in jurisdictions in which their marketing and distribution are authorised. Strudel finance advises all interested parties to check in advance whether they are legally entitled to purchase the products and/or services presented on this website.

Strudel DAO: The first and only one-way, trustless bridging protocol

What is Strudel DAO?

Trustless

Capital Efficient

Scalable

L2 Ready

Fantom is perfect for a BTC DeFi ecosystem.

Introducing the Orkan ($ORK): A decentralized reserve currency for the Fantom Ecosystem.

Enter the Strudel

The Strudel Token

Partners and Exchanges

Meet the Strudel team.

Legal Notice and Disclaimer