Strike Finance 1149% TVL Surge: 10-Day, 20,000 $ADA LP Review.
I supplied 10,000 ADA to the LP on June 18th and another 10,000 ADA on June 23rd.🧵
I initially paid about 200 ADA in fees (and ran into a fee issue, but @strikecardano resolved it quickly. thank you to them, and also to @bobasfk for help!)
Currently, my 'Expected Receive' is 20,948 ADA.
This brings my gross profit for the last 10 days to 1,148 ADA, with a net profit of approximately 948 ADA.
That's a 5.74% return in 10 days, projecting an estimated annual APR of 209% if this rate continues.
Beyond my personal profit, the platform's overall growth is what's truly exciting.
With TVL up nearly 1150% this past month and generating almost $100k in daily fees (as shown in the images), the growth is undeniable.
On most chains, perpetual DEXs hold the highest volume, user base, and liquidity. I believe Strike Finance is currently leading the perpetual DEX market on Cardano.
While only ADA is listed at the moment, I expect that listing various CNTs will attract more users and liquidity. @strikecardano is still just the beginning!
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