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Strike
About Strike
Strike (STRK) is a decentralised lending and borrowing protocol on Ethereum that enables users to earn interest on their crypto holdings and borrow assets using smart contracts. Its native token, STRK, facilitates governance and incentivises participation within the ecosystem, driving decentralised decision-making.
Strike is a decentralised finance (DeFi) protocol that operates on the Ethereum blockchain, providing a platform for users to lend, borrow, and earn interest on their cryptocurrency assets. Users can supply supported cryptocurrencies to liquidity pools and, in return, receive sTokens, which represent their stake and accrue interest. These sTokens can also be used as collateral to borrow other cryptocurrencies. The protocol uses smart contracts to automate transactions, ensuring transparency and eliminating the need for intermediaries.
The STRK token serves as both a governance and utility token within the Strike protocol, with key functions including:
- Governance:
- Incentives:
- Community-driven Development: