How to Buy Strike (STRIKE) on LBank

Strike is a decentralized and non-custodial money market protocol built on the Ethereum blockchain. It functions as an open-source platform that allows users to lend and borrow various digital assets through the use of smart contracts, removing the need for traditional financial intermediaries. The project was originally developed as a fork of the Compound protocol but was designed with a focus on enhancing scalability and providing a more community-driven governance model. The primary functionality of the Strike protocol involves the creation of liquidity pools for different cryptocurrencies. Users can participate as suppliers by depositing their assets into these pools, which makes those assets available for others to borrow. In exchange for providing liquidity, suppliers receive sTokens, such as sBTC or sETH, which represent their stake in the pool. These sTokens are yield-bearing, meaning they represent the original deposit plus any interest accrued over time. Borrowers on the platform can access liquidity by providing their own digital assets as collateral. The system operates on an over-collateralized basis, requiring users to maintain a specific collateral-to-loan ratio to ensure the security and solvency of the protocol. This mechanism allows individuals to unlock the value of their holdings for other uses without needing to sell their assets. The ecosystem is powered by its native utility and governance token, which carries the ticker STRK. This token gives holders the right to participate in the decision-making process for the protocol. Token holders can submit proposals or vote on various updates, such as the addition of new supported assets, adjustments to interest rate models, and changes to collateral requirements. This decentralized governance structure is intended to ensure that the platform remains transparent and evolves according to the interests of its users. Strike emphasizes a community-oriented approach, having launched without a traditional private sale or initial coin offering. Instead, the governance tokens were distributed primarily through liquidity mining incentives and protocol usage. The protocol is designed to be autonomous, with interest rates adjusting algorithmically based on the real-time supply and demand within each market. By operating directly on the blockchain, Strike provides a permissionless environment where anyone with a compatible wallet can interact with decentralized financial services. Learn more