Overview
Strike Finance is a crypto trading platform where people trade with leverage — borrowing to take a position worth up to 50 times their own deposit — without opening an account. It is built for active traders who want to profit from short-term price moves in assets like Bitcoin, Ethereum, and ADA, going long if they expect a rise or short if they expect a fall. Funds move from the trader's wallet into onchain locker contracts anyone can inspect1, while a separate engine matches orders off the chain2.
Strike runs on Cardano and is built around perpetuals — futures contracts that never expire, so a position can stay open as long as the trader keeps enough collateral behind it. It also accepts deposits from Cardano and Ethereum, where independent tracker DefiLlama reports the value held in its contracts, and Solana wallets can connect. Its smart contracts — the onchain programs that hold deposits and carry out trades — are written in Aiken, Cardano's dedicated contract language, and have been audited twice by TxPipe34.
Key Features
- Up to 50x leverage from your own wallet. Traders open long or short positions on Bitcoin, Ethereum, ADA, and other markets straight from a self-custody wallet, with no account, email, or identity check required5.
- Staking rewards paid from real trading fees. People who stake the STRIKE token earn a share of the fees the platform collects, paid in ADA and other blockchain assets rather than newly created tokens — so payouts come from actual revenue, not inflation5.
- Vaults for hands-off participation. Anyone can deposit into a vault and earn a cut of the returns while an experienced trader manages the pooled funds, or run their own vault and trade on others' behalf for a performance fee5.
- Custody that stays on the blockchain. A dedicated high-speed engine called the Strike Node matches orders and handles liquidations, while every deposit sits in onchain contracts the trader controls — fast trading without handing funds to a middleman2.
- Open code and a public API. The smart contracts are open-source on the project's GitHub, and a documented API lets developers build their own bots, dashboards, and trading tools on top of Strike67.
What to Expect
The trading screen will feel familiar to anyone who has used a centralized exchange — price charts, an order book, and one-click buttons to go long or short — but there is no sign-up. You connect a wallet, deposit collateral, choose a market, and start trading. Every deposit and withdrawal settles through onchain contracts that anyone can inspect, and the documentation walks through how positions, collateral, and liquidations work.
People who would rather not trade actively have two hands-off paths. They can stake the STRIKE token to collect a share of trading fees paid in ADA and other blockchain assets, or deposit into a vault and let another trader manage the pool. Vaults run on a credit system that accepts liquidity-provider tokens as collateral8, so depositors can put assets that already earn a return elsewhere — including Aave liquidity positions — to work in a vault and stack a second layer of yield, an integration Strike calls Double Yield. Holders also help steer a community treasury, voting through a DAO — a group where token holders decide together how shared funds are spent5.
