
Happy New Year! To celebrate the start of 2022, we are launching a public beta of Strips! Excited to show you the stunning new UI for Strips and introduce some of the features and updates that have already been deployed on the page.
Strips Finance is a next-generation fixed income platform for global investors. From interest rate trading to bond trading, we're building the infrastructure for DeFi 2.0. Strips Finance will be the world's first decentralized interest rate derivatives exchange.
Strips are currently only available on the Arbitrum testnet:
Network Name: Arbitrum Testnet
New RPC URL: https://data-seed-prebsc-1-s1.binance.org:8545
ChainID: 421611
Symbol: ETH
Block Explorer URL: https://explorer.binance.org/smart-testnet
Features and updates:
Users can stake the LP of STRP-USDC into the liquidity pool as collateral quality
Trade and stake STRP to earn rewards
Get rewards in real time
Add or withdraw collateral in real time
Staking can get higher transaction rewards (up to 200%)
Historical APY Chart
Improved liquidation engine
The average entry price of the transaction can be dynamically calculated
Optimize gas fees to reduce transaction costs
a. go tohttps://faucet.rinkeby.io/And follow the instructions to receive ETH from the Rinkeby testnet
b. Enter the amount of ETH you want to cross-chain to the Arbitrum testnet, and click Deposit.
Enterhttps://app.strips.financeConnect your Metamask wallet
Switch to the arbitrum testnet network as prompted by Metamask
select market
Choose the default leverage (up to 10 times leverage)
Enter position size
1. Long: You think the fixed rate will go up 2. Short: You think the fixed rate will go down
Confirm your transaction in the pop-up page Note: If your slippage is too high, you may need to increase your maximum slippage
Confirm both transactions in your Metamask wallet
Blue line: The blue line represents the floating rate
Orange line: The orange line represents a market fixed rate
start operation
Cross-chain ETH to Arbitrum testnet
Get free ETH:
Cross-chain the ETH of the Rinkeby test network to the Layer 2 Arbitrum test network
a.go tohttps://bridge.arbitrum.io/
Note: switch to Rinkeby Ethereum testnet
Link to Strips
Get testnet SUSD and SLP from mint page
herehereRead more.
how to trade
Choose long or short
sheet:
Market rate: current fixed rate price
Floating rate: the current floating rate (for the party providing the funding)
Notional: position to open a position
Side: open long or open short
Avg. Entry Price: average position entry price
Margin ratio: The margin ratio of the current position (less than 3.5% will automatically trigger liquidation)
Staking Tutorial
Click on DEPOSIT to select a market
Enter the amount of Sushi LP (SLP) tokens you want to stake
Confirm the deposit in Metamask (if it is the first deposit, you may need to confirm twice)
open position
After the order is successfully placed, your open position will be displayed at the bottom.
Note: If you do not see your positions, please refresh the page.
Staking Tutorial
What will we do next?
We will be hosting a trading competition soon.
The event will award $100,000 in prizes.
Every participant has the opportunity to share in the rewards, and if you want to get ahead of the competition, you can experience and practice on the public testnet before the event!