Join the Memecoin Madness
Stryke is now live on Base, and you’re about to be the first to trade $DEGEN and $BRETT options. Stryke is embracing the current meta with meme coin options across multiple chains. Let’s explore what this update means.
Why this matters?
Options trading is a powerful tool, especially for assets like meme coins. With the introduction of $DEGEN and $BRETT options on Base, traders can hedge their positions and take advantage of volatile price action. Stryke’s CLAMM offers traders liquidation-free leverage, which is ideal for meme coin trading where sudden price spikes can quickly liquidate positions.
Quick Introduction to Coins Listed
$DEGEN: Launched in January 2024, $DEGEN reshapes the Farcaster ecosystem by rewarding quality content with DEGEN tokens, linking online contributions to real-world value.
Pair | DEGEN/WETH (Uniswap V3) |
Market Cap | $220,461,417 |
FDV | $652,924,154 |
Trading Volume (24H) | $23,284,487 |
TVL | $7.2 Million |
Contract Address | 0x4ed4e862860bed51a9570b96d89af5e1b0efefed |
$BRETT: Inspired by Matt Furie’s Boys' Club comic, Brett is a mascot on the BASE blockchain, symbolising its vibrant community.
Pair | BRETT/WETH (Uniswap V3) |
Market Cap | $1,697,841,733 |
FDV | $1,697,841,735 |
Trading Volume (24H) | $147,321,910 |
TVL | $10.5 Million |
Contract Address | 0x532f27101965dd16442e59d40670faf5ebb142e4 |
What does this mean for Stryke Users?
Launching on Base with DEGEN/WETH and BRETT/WETH pairs opens up new trading strategies and diversification opportunities for traders.
Through CLAMM, Stryke users gain several advantages compared to the average meme coin trader. These include:
- Traders Can Hedge & Leverage for Maximum Returns
- Traders Have No Liquidation Worries
- LPs Get Significantly More Returns
With CLAMM options, you can hedge your spot holdings against falling prices by buying puts (going short). If you believe the price will go up, you can buy calls to get up to 100x and more in leverage (going long)! This flexibility helps you manage risk and capitalise on market movements in highly volatile markets.
For volatile assets like meme coins, CLAMM options are ideal. They prevent liquidation from sudden price spikes, letting you stay in the market longer and capitalise on moves in both directions through puts and calls.
Stryke’s CLAMM offers Liquidity Providers the chance to earn 50% - 80% LP APR, here’s how:
1/ Higher Returns through premium & swap fees.
2/ Similar risk profile as deploying on Uniswap V3.
3/ Concentrated liquidity within specific price ticks
Start Trading Now!
With our launch on Base, Stryke is now the first options protocol to list $DEGEN and $BRETT, following our recent $BOOP listing on Arbitrum. Learn more about the $BOOP listing, here.
Just like $BOOP, both $DEGEN and $BRETT will use market cap instead of price for charting, making it simpler to track market trends. The market cap is shown in USD and adjusts based on ETH/USD price changes.
We're excited to be part of the growing meme coin trend and to offer new trading opportunities for our users. Stay tuned for more updates as we continue to transform the on-chain options market.
Click here to trade $DEGEN and $BRETT now!
About Stryke
Stryke is a decentralized options protocol that focuses on maximizing liquidity and enhancing gains for option buyers while minimizing losses for option writers—all in a passive approach.
Stryke employs option pools that enable anyone to effortlessly earn yield. The protocol provides value to both option sellers and buyers by ensuring equitable and optimized prices for options at various strike prices and expiries, achieved through our proprietary, cutting-edge option pricing model designed to mirror volatility smiles.
📱Stay Connected
Stay informed by following our official social media accounts and visiting our website to keep up with all things Stryke.
🚨IMPORTANT
Be careful of fake Telegram groups, Discord servers and Twitter accounts trying to impersonate Stryke.
Read More
