Strike Finance is a decentralised derivatives protocol built on the Cardano blockchain, designed to enable non-custodial, permissionless, and efficient trading of perpetual futures contracts.
Unlike spot trading, where you buy and sell assets directly, perpetual futures allow traders to speculate on an asset’s price movements without owning it. These contracts do not expire and are settled using a funding mechanism to align the perpetual price with the underlying asset.
Why Cardano?
Through its extended UTXO model, Cardano offers a strong foundation for secure and transparent smart contracts. While transaction speeds and costs may be higher than some Layer 2 solutions, Cardano’s model ensures deterministic execution and robust on-chain accounting, which are key attributes for a derivatives platform focused on transparency and capital efficiency.
Key Features of Strike Finance
- Perpetual Futures: Trade assets with leverage, long or short, without expiry dates.
- Staking: Earn protocol fees by staking $STRIKE tokens.
- Stop loss and Take profits: Ability to automatically protect your positions with automated SL and TA features.
- Self-Custody: No third-party control over your funds. You trade directly from your Cardano wallet.
- Governance: Vote on future protocol upgrades using $STRIKE.
- Open Source: The smart contracts on the platform are open source for community audit and contributions.
All platform smart contracts can be found on the Strike Finance GitHub repositories.
This also includes their perpetual smart contract audit, for which we have yet to confirm who performed.
This course will teach you how to use Strike Finance to trade perpetuals responsibly, manage risk, and participate in the Strike ecosystem through staking and governance.
