# Table of Contents

- [Welcome | Strike Finance](#welcome-strike-finance)
- [Staking | Strike Finance](#staking-strike-finance)
- [Models | Strike Finance](#models-strike-finance)
- [Liquidity | Strike Finance](#liquidity-strike-finance)
- [Perpetuals | Strike Finance](#perpetuals-strike-finance)
- [Data Fetching | Strike Finance](#data-fetching-strike-finance)
- [Models | Strike Finance](#models-strike-finance)
- [Positions | Strike Finance](#positions-strike-finance)
- [Models | Strike Finance](#models-strike-finance)
- [Submit Transaction | Strike Finance](#submit-transaction-strike-finance)
- [Liquidity Provision | Strike Finance](#liquidity-provision-strike-finance)
- [Data Fetching | Strike Finance](#data-fetching-strike-finance)
- [Transaction | Strike Finance](#transaction-strike-finance)
- [Tutorial | Strike Finance](#tutorial-strike-finance)
- [Liquidation | Strike Finance](#liquidation-strike-finance)
- [Partnerships | Strike Finance](#partnerships-strike-finance)
- [Position Settlement | Strike Finance](#position-settlement-strike-finance)
- [Liquidity Providers | Strike Finance](#liquidity-providers-strike-finance)
- [Risk Management | Strike Finance](#risk-management-strike-finance)
- [Staking | Strike Finance](#staking-strike-finance)
- [Parameters | Strike Finance](#parameters-strike-finance)
- [Tokenomics | Strike Finance](#tokenomics-strike-finance)
- [Staking | Strike Finance](#staking-strike-finance)
- [Referrals | Strike Finance](#referrals-strike-finance)
- [IAG Parameters | Strike Finance](#iag-parameters-strike-finance)
- [ADA Parameters | Strike Finance](#ada-parameters-strike-finance)
- [WMTX Parameters | Strike Finance](#wmtx-parameters-strike-finance)
- [SNEK Parameters | Strike Finance](#snek-parameters-strike-finance)
- [Links | Strike Finance](#links-strike-finance)
- [BTC Parameters | Strike Finance](#btc-parameters-strike-finance)

---

# Welcome | Strike Finance

Strike Finance is a DeFi derivatives protocol revolutionizing perpetual futures trading on the Cardano blockchain.

For quick access to all relevant links, see [here](https://linktr.ee/strikecardano)
. **Perpetuals Trading on Cardano**

Strike Finance is the first perpetuals platform to launch on Cardano. Bringing in leverage trading natively. A perpetuals platform allows traders to take a long or short position with leverage. Traders will be able to control a large position with a small upfront collateral.

**Strike Tokenomics**

The **STRIKE** token serves as the backbone of the ecosystem, that aligns incentives between traders, liquidity providers, and long-term stakeholders. The token introduces governance rights, fee sharing mechanisms, and utility functions that allows trader to take out a larger leverage.

**V2 Perpetuals Platform**

The upcoming **V2 release** represents a significant evolution of Strike Finance’s perpetuals. It introduces things such as cross-margin, auto rebalancing of position to prevent liquidation, and multi asset collateral.

[NextPerpetuals](https://docs.strikefinance.org/api-documentation/perpetuals)

Last updated 1 month ago

---

# Staking | Strike Finance

Below are the API documentations for adding stake, withdrawing stake, consuming rewards, and data fetching regarding staking.

[PreviousModels](https://docs.strikefinance.org/api-documentation/perpetuals/models)
[NextStaking](https://docs.strikefinance.org/api-documentation/staking/staking)

Last updated 3 months ago

---

# Models | Strike Finance

Asset

Show properties

OutRef

Show properties

CancelLimitOrderRequest

Show properties

LimitOrderInfo

Show properties

UpdatePositionRequest

Show properties

CreatePerpetualRequest

Show properties

CreateLimitOrderRequest

Show properties

ClosePerpetualRequest

Show properties

PerpetualInfo

Show properties

PoolInfo

Show properties

ProvideLiquidityRequest

Show properties

WithdrawLiquidityRequest

Show properties

RatiosData

Show properties

AssetRatios

Show properties

RatioInfo

Show properties

AssetFeeData

Show properties

MarketInfo

Show properties

Error

Show properties

[PreviousLiquidity](https://docs.strikefinance.org/api-documentation/perpetuals/liquidity)
[NextStaking](https://docs.strikefinance.org/api-documentation/staking)

---

# Liquidity | Strike Finance

Provide and withdraw liquidity from perpetual trading pools

### 

[](https://docs.strikefinance.org/api-documentation/perpetuals/liquidity#post-api-perpetuals-provideliquidity)

Provide liquidity to the pool

post

https://app.strikefinance.orgProduction

https://app.strikefinance.org/api/perpetuals

/api/perpetuals/provideLiquidity

Provides liquidity to a perpetual trading pool for a specific asset. Minimum amounts apply based on asset type.

Body

application/json

application/json

requestobjectRequired

Show properties

Responses

200

Successfully created provide liquidity transaction

application/json

Responseobject

Show properties

400

Invalid request or minimum amount not met

application/json

405

Method not allowed

application/json

500

Server error

application/json

post

/api/perpetuals/provideLiquidity

HTTP

HTTPcURLJavaScriptPython

Test it

200

Successfully created provide liquidity transaction

### 

[](https://docs.strikefinance.org/api-documentation/perpetuals/liquidity#post-api-perpetuals-withdrawliquidity)

Withdraw liquidity from the pool

post

https://app.strikefinance.orgProduction

https://app.strikefinance.org/api/perpetuals

/api/perpetuals/withdrawLiquidity

Withdraws liquidity from a perpetual trading pool for a specific asset.

Body

application/json

application/json

requestobjectRequired

Show properties

Responses

200

Successfully created withdraw liquidity transaction

application/json

Responseobject

Show properties

405

Method not allowed

application/json

500

Server error

application/json

post

/api/perpetuals/withdrawLiquidity

HTTP

HTTPcURLJavaScriptPython

Test it

200

Successfully created withdraw liquidity transaction

[PreviousData Fetching](https://docs.strikefinance.org/api-documentation/perpetuals/data-fetching)
[NextModels](https://docs.strikefinance.org/api-documentation/perpetuals/models)

*   [POSTProvide liquidity to the pool](https://docs.strikefinance.org/api-documentation/perpetuals/liquidity#post-api-perpetuals-provideliquidity)
    
*   [POSTWithdraw liquidity from the pool](https://docs.strikefinance.org/api-documentation/perpetuals/liquidity#post-api-perpetuals-withdrawliquidity)
    

Copy

    POST /api/perpetuals/provideLiquidity HTTP/1.1
    Host: app.strikefinance.org
    Content-Type: application/json
    Accept: */*
    Content-Length: 88
    
    {
      "request": {
        "address": "text",
        "asset": {
          "policyId": "text",
          "assetName": "text"
        },
        "amount": 1
      }
    }

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    {
      "cbor": "text"
    }

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    POST /api/perpetuals/withdrawLiquidity HTTP/1.1
    Host: app.strikefinance.org
    Content-Type: application/json
    Accept: */*
    Content-Length: 88
    
    {
      "request": {
        "address": "text",
        "asset": {
          "policyId": "text",
          "assetName": "text"
        },
        "amount": 1
      }
    }

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    {
      "cbor": "text"
    }

---

# Perpetuals | Strike Finance

Below are the API documentations for opening positions, editing position, closing positions, and data fetching regarding positions.

[PreviousWelcome](https://docs.strikefinance.org/)
[NextPositions](https://docs.strikefinance.org/api-documentation/perpetuals/positions)

Last updated 3 months ago

---

# Data Fetching | Strike Finance

Retrieve information about positions, limit orders, and pool details

### 

[](https://docs.strikefinance.org/api-documentation/perpetuals/data-fetching#get-api-perpetuals-getpositions)

Get user perpetual positions

get

https://app.strikefinance.orgProduction

https://app.strikefinance.org/api/perpetuals

/api/perpetuals/getPositions

Retrieves active and pending perpetual positions for a given wallet address.

Query parameters

addressstringRequired

User's wallet address

Responses

200

List of perpetual positions

application/json

Responseobject\[\]

Show properties

400

Invalid request

application/json

500

Server error

application/json

get

/api/perpetuals/getPositions

HTTP

HTTPcURLJavaScriptPython

Test it

200

List of perpetual positions

### 

[](https://docs.strikefinance.org/api-documentation/perpetuals/data-fetching#get-api-perpetuals-getpoolinfo)

Get Pool Information

get

https://app.strikefinance.orgProduction

https://app.strikefinance.org/api/perpetuals

/api/perpetuals/getPoolInfo

Retrieves cached pool information for perpetual trading pools.

Responses

200

Successfully retrieved pool information

application/json

Responseobject

Show properties

405

Method not allowed

application/json

500

Internal server error

application/json

get

/api/perpetuals/getPoolInfo

HTTP

HTTPcURLJavaScriptPython

Test it

200

Successfully retrieved pool information

### 

[](https://docs.strikefinance.org/api-documentation/perpetuals/data-fetching#get-api-perpetuals-ratios)

Get UTXO ratios data

get

https://app.strikefinance.orgProduction

https://app.strikefinance.org/api/perpetuals

/api/perpetuals/ratios

Retrieves cached UTXO ratio data for different time periods (daily, weekly, monthly, half-year, yearly).

Responses

200

Successfully retrieved ratios data

application/json

Responseobject

Show properties

405

Method not allowed

application/json

500

Internal server error

application/json

get

/api/perpetuals/ratios

HTTP

HTTPcURLJavaScriptPython

Test it

200

Successfully retrieved ratios data

### 

[](https://docs.strikefinance.org/api-documentation/perpetuals/data-fetching#get-api-perpetuals-getlimitorders)

Get Limit Orders

get

https://app.strikefinance.orgProduction

https://app.strikefinance.org/api/perpetuals

/api/perpetuals/getLimitOrders

Retrieves all limit orders for a specific address, including both on-chain and pending orders.

Query parameters

addressstringRequired

The Cardano address to get limit orders for

Example: `addr1q...`

Responses

200

Successfully retrieved limit orders

application/json

Responseobject\[\]

Show properties

400

Bad request - Address is required

application/json

405

Method not allowed

application/json

500

Internal server error

application/json

get

/api/perpetuals/getLimitOrders

HTTP

HTTPcURLJavaScriptPython

Test it

200

Successfully retrieved limit orders

### 

[](https://docs.strikefinance.org/api-documentation/perpetuals/data-fetching#get-api-perpetuals-getparams)

Get perpetual trading parameters for all assets

get

https://app.strikefinance.orgProduction

https://app.strikefinance.org/api/perpetuals

/api/perpetuals/getParams

Retrieves hourly fees, opening fees, maximum position size, and other parameters for all available assets

Responses

200

Successfully retrieved fee parameters for all assets

application/json

Responseobject\[\]

Show properties

405

Method not allowed - only GET requests are supported

application/json

500

Internal server error

application/json

get

/api/perpetuals/getParams

HTTP

HTTPcURLJavaScriptPython

Test it

200

Successfully retrieved fee parameters for all assets

### 

[](https://docs.strikefinance.org/api-documentation/perpetuals/data-fetching#get-api-perpetuals-getoverallinfo)

Get overall market information

get

https://app.strikefinance.orgProduction

https://app.strikefinance.org/api/perpetuals

/api/perpetuals/getOverallInfo

Retrieves comprehensive market information for all perpetual trading assets.

Responses

200

Successfully retrieved overall market information

application/json

Responseobject

Show properties

405

Method not allowed - only GET requests are supported

application/json

500

Internal server error

application/json

get

/api/perpetuals/getOverallInfo

HTTP

HTTPcURLJavaScriptPython

Test it

200

Successfully retrieved overall market information

[PreviousPositions](https://docs.strikefinance.org/api-documentation/perpetuals/positions)
[NextLiquidity](https://docs.strikefinance.org/api-documentation/perpetuals/liquidity)

*   [GETGet user perpetual positions](https://docs.strikefinance.org/api-documentation/perpetuals/data-fetching#get-api-perpetuals-getpositions)
    
*   [GETGet Pool Information](https://docs.strikefinance.org/api-documentation/perpetuals/data-fetching#get-api-perpetuals-getpoolinfo)
    
*   [GETGet UTXO ratios data](https://docs.strikefinance.org/api-documentation/perpetuals/data-fetching#get-api-perpetuals-ratios)
    
*   [GETGet Limit Orders](https://docs.strikefinance.org/api-documentation/perpetuals/data-fetching#get-api-perpetuals-getlimitorders)
    
*   [GETGet perpetual trading parameters for all assets](https://docs.strikefinance.org/api-documentation/perpetuals/data-fetching#get-api-perpetuals-getparams)
    
*   [GETGet overall market information](https://docs.strikefinance.org/api-documentation/perpetuals/data-fetching#get-api-perpetuals-getoverallinfo)
    

Copy

    GET /api/perpetuals/getPositions?address=text HTTP/1.1
    Host: app.strikefinance.org
    Accept: */*
    

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    [\
      {\
        "position": "Long",\
        "positionSize": 1,\
        "leverage": 1,\
        "stopLoss": 1,\
        "takeProfit": 1,\
        "asset": {\
          "ticker": "text",\
          "asset": {\
            "policyId": "text",\
            "assetName": "text"\
          },\
          "type": "text",\
          "url": "text",\
          "decimals": 1,\
          "dex": "text",\
          "perpAuthPolicyId": "text"\
        },\
        "collateral": {\
          "amount": 1,\
          "ticker": "text",\
          "includeStrike": true,\
          "strikeAmount": 1\
        },\
        "entryPrice": 1,\
        "isPending": true,\
        "outRef": {\
          "txHash": "text",\
          "outputIndex": 1\
        },\
        "status": "Pending",\
        "liquidationPrice": 1,\
        "version": 1,\
        "hourlyBorrowFee": 1,\
        "originalTxHash": "text"\
      }\
    ]

Copy

    GET /api/perpetuals/getPoolInfo HTTP/1.1
    Host: app.strikefinance.org
    Accept: */*
    

Copy

    {
      "data": [\
        {\
          "totalAssetAmount": 1,\
          "availableAssetAmount": 1,\
          "totalLpMinted": 1,\
          "totalValueLocked": 1\
        }\
      ]
    }

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    GET /api/perpetuals/ratios HTTP/1.1
    Host: app.strikefinance.org
    Accept: */*
    

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    {
      "daily": {
        "ADA": {
          "initialRatio": 1,
          "currentRatio": 1
        },
        "SNEK": {
          "initialRatio": 1,
          "currentRatio": 1
        }
      },
      "weekly": {
        "ADA": {
          "initialRatio": 1,
          "currentRatio": 1
        },
        "SNEK": {
          "initialRatio": 1,
          "currentRatio": 1
        }
      },
      "monthly": {
        "ADA": {
          "initialRatio": 1,
          "currentRatio": 1
        },
        "SNEK": {
          "initialRatio": 1,
          "currentRatio": 1
        }
      },
      "halfYear": {
        "ADA": {
          "initialRatio": 1,
          "currentRatio": 1
        },
        "SNEK": {
          "initialRatio": 1,
          "currentRatio": 1
        }
      },
      "yearly": {
        "ADA": {
          "initialRatio": 1,
          "currentRatio": 1
        },
        "SNEK": {
          "initialRatio": 1,
          "currentRatio": 1
        }
      },
      "lastUpdated": 1
    }

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    GET /api/perpetuals/getLimitOrders?address=addr1q... HTTP/1.1
    Host: app.strikefinance.org
    Accept: */*
    

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    [\
      {\
        "type": "Long",\
        "asset": "text",\
        "size": 1,\
        "price": 1,\
        "timeInForce": "text",\
        "status": "Pending",\
        "date": 1,\
        "leverage": 1,\
        "stopLoss": 1,\
        "takeProfit": 1,\
        "collateralAmount": 1,\
        "isPending": true,\
        "outRef": {\
          "txHash": "text",\
          "outputIndex": 1\
        },\
        "version": 1\
      }\
    ]

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    GET /api/perpetuals/getParams HTTP/1.1
    Host: app.strikefinance.org
    Accept: */*
    

Copy

    [\
      {\
        "symbol": "ADA",\
        "asset": {\
          "policyId": "text",\
          "assetName": "text"\
        },\
        "longHourlyFee": 0.0001,\
        "shortHourlyFee": 0.00015,\
        "longOpeningFee": 0.005,\
        "shortOpeningFee": 0.0055,\
        "maxPositionSizeUSD": 100000,\
        "maxLeverage": 10,\
        "utilizationRate": 65.5\
      }\
    ]

Copy

    GET /api/perpetuals/getOverallInfo HTTP/1.1
    Host: app.strikefinance.org
    Accept: */*
    

Copy

    {
      "data": [\
        {\
          "symbol": "ADA",\
          "longInterest": 1,\
          "shortInterest": 1\
        }\
      ]
    }

---

# Models | Strike Finance

[PreviousTransaction](https://docs.strikefinance.org/api-documentation/submit-transaction/transaction)
[NextTutorial](https://docs.strikefinance.org/perpetuals/quickstart)

---

# Positions | Strike Finance

Create, update, or close perpetual trading positions and limit orders

### 

[](https://docs.strikefinance.org/api-documentation/perpetuals/positions#post-api-perpetuals-openposition)

Open a new perpetual position

post

https://app.strikefinance.orgProduction

https://app.strikefinance.org/api/perpetuals

/api/perpetuals/openPosition

Creates a leveraged perpetual trading position.

Body

application/json

application/json

requestobjectRequired

Show properties

Responses

200

Successfully created position transaction

application/json

Responseobject

Show properties

400

Invalid request

application/json

500

Server error

application/json

post

/api/perpetuals/openPosition

HTTP

HTTPcURLJavaScriptPython

Test it

200

Successfully created position transaction

### 

[](https://docs.strikefinance.org/api-documentation/perpetuals/positions#post-api-perpetuals-openlimitorder)

Open a new perpetual limit order

post

https://app.strikefinance.orgProduction

https://app.strikefinance.org/api/perpetuals

/api/perpetuals/openLimitOrder

Creates a leveraged perpetual position but only executes when the limit price is met.

Body

application/json

application/json

requestall ofRequired

objectOptional

Show properties

Responses

200

Successfully created limit order transaction

application/json

Responseobject

Show properties

400

Invalid request

application/json

500

Server error

application/json

post

/api/perpetuals/openLimitOrder

HTTP

HTTPcURLJavaScriptPython

Test it

200

Successfully created limit order transaction

### 

[](https://docs.strikefinance.org/api-documentation/perpetuals/positions#post-api-perpetuals-closeposition)

Close an existing perpetual position

post

https://app.strikefinance.orgProduction

https://app.strikefinance.org/api/perpetuals

/api/perpetuals/closePosition

Closes a perpetual trading position and calculates PnL.

Body

application/json

application/json

requestobjectRequired

Show properties

Responses

200

Successfully closed position transaction

application/json

Responseobject

Show properties

400

Invalid request

application/json

500

Server error

application/json

post

/api/perpetuals/closePosition

HTTP

HTTPcURLJavaScriptPython

Test it

200

Successfully closed position transaction

### 

[](https://docs.strikefinance.org/api-documentation/perpetuals/positions#post-api-perpetuals-cancellimitorder)

Cancel Limit Order

post

https://app.strikefinance.orgProduction

https://app.strikefinance.org/api/perpetuals

/api/perpetuals/cancelLimitOrder

Cancels an existing limit order for perpetual trading.

Body

application/json

application/json

requestobjectRequired

Show properties

Responses

200

Successfully cancelled limit order

application/json

Responseobject

Show properties

405

Method not allowed

application/json

500

Internal server error

application/json

post

/api/perpetuals/cancelLimitOrder

HTTP

HTTPcURLJavaScriptPython

Test it

200

Successfully cancelled limit order

### 

[](https://docs.strikefinance.org/api-documentation/perpetuals/positions#post-api-perpetuals-updateposition)

Update Position

post

https://app.strikefinance.orgProduction

https://app.strikefinance.org/api/perpetuals

/api/perpetuals/updatePosition

Updates stop loss and take profit prices for an existing perpetual position.

Body

application/json

application/json

requestobjectRequired

Show properties

Responses

200

Successfully updated position

application/json

Responseobject

Show properties

405

Method not allowed

application/json

500

Internal server error

application/json

post

/api/perpetuals/updatePosition

HTTP

HTTPcURLJavaScriptPython

Test it

200

Successfully updated position

[PreviousPerpetuals](https://docs.strikefinance.org/api-documentation/perpetuals)
[NextData Fetching](https://docs.strikefinance.org/api-documentation/perpetuals/data-fetching)

*   [POSTOpen a new perpetual position](https://docs.strikefinance.org/api-documentation/perpetuals/positions#post-api-perpetuals-openposition)
    
*   [POSTOpen a new perpetual limit order](https://docs.strikefinance.org/api-documentation/perpetuals/positions#post-api-perpetuals-openlimitorder)
    
*   [POSTClose an existing perpetual position](https://docs.strikefinance.org/api-documentation/perpetuals/positions#post-api-perpetuals-closeposition)
    
*   [POSTCancel Limit Order](https://docs.strikefinance.org/api-documentation/perpetuals/positions#post-api-perpetuals-cancellimitorder)
    
*   [POSTUpdate Position](https://docs.strikefinance.org/api-documentation/perpetuals/positions#post-api-perpetuals-updateposition)
    

Copy

    POST /api/perpetuals/openPosition HTTP/1.1
    Host: app.strikefinance.org
    Content-Type: application/json
    Accept: */*
    Content-Length: 191
    
    {
      "request": {
        "address": "text",
        "asset": {
          "policyId": "text",
          "assetName": "text"
        },
        "collateralAmount": 1,
        "leverage": 1,
        "position": "Long",
        "stopLossPrice": 1,
        "takeProfitPrice": 1,
        "partnerAddress": "text"
      }
    }

Copy

    {
      "cbor": "text"
    }

Copy

    POST /api/perpetuals/openLimitOrder HTTP/1.1
    Host: app.strikefinance.org
    Content-Type: application/json
    Accept: */*
    Content-Length: 209
    
    {
      "request": {
        "address": "text",
        "asset": {
          "policyId": "text",
          "assetName": "text"
        },
        "collateralAmount": 1,
        "leverage": 1,
        "position": "Long",
        "stopLossPrice": 1,
        "takeProfitPrice": 1,
        "partnerAddress": "text",
        "limitUSDPrice": 1
      }
    }

Copy

    {
      "cbor": "text"
    }

Copy

    POST /api/perpetuals/closePosition HTTP/1.1
    Host: app.strikefinance.org
    Content-Type: application/json
    Accept: */*
    Content-Length: 120
    
    {
      "request": {
        "address": "text",
        "asset": {
          "policyId": "text",
          "assetName": "text"
        },
        "outRef": {
          "txHash": "text",
          "outputIndex": 1
        }
      }
    }

Copy

    {
      "cbor": "text"
    }

Copy

    POST /api/perpetuals/cancelLimitOrder HTTP/1.1
    Host: app.strikefinance.org
    Content-Type: application/json
    Accept: */*
    Content-Length: 120
    
    {
      "request": {
        "address": "text",
        "asset": {
          "policyId": "text",
          "assetName": "text"
        },
        "outRef": {
          "txHash": "text",
          "outputIndex": 1
        }
      }
    }

Copy

    {
      "cbor": "text"
    }

Copy

    POST /api/perpetuals/updatePosition HTTP/1.1
    Host: app.strikefinance.org
    Content-Type: application/json
    Accept: */*
    Content-Length: 172
    
    {
      "request": {
        "address": "text",
        "asset": {
          "policyId": "text",
          "assetName": "text"
        },
        "outRef": {
          "txHash": "text",
          "outputIndex": 1
        },
        "stopLossPrice": 1,
        "takeProfitPrice": 1,
        "side": "Long"
      }
    }

Copy

    {
      "cbor": "text"
    }

---

# Models | Strike Finance

AddStakeRequest

Show properties

WithdrawStakeRequest

Show properties

ConsumeRewardsRequest

Show properties

TxResponse

Show properties

ErrorResponse

Show properties

GetStakeResponse

Show properties

GetAllStakeResponse

Show properties

FeeWalletBalanceResponse

Show properties

[PreviousData Fetching](https://docs.strikefinance.org/api-documentation/staking/data-fetching)
[NextSubmit Transaction](https://docs.strikefinance.org/api-documentation/submit-transaction)

Last updated 3 months ago

---

# Submit Transaction | Strike Finance

To prevent incompatibility between different serialization libraries, this api endpoint allows you to pass in the cbor returned from other endpoints and a signature to submit a transaction through Strike backend.

[PreviousModels](https://docs.strikefinance.org/api-documentation/staking/models)
[NextTransaction](https://docs.strikefinance.org/api-documentation/submit-transaction/transaction)

Last updated 3 months ago

---

# Liquidity Provision | Strike Finance

Market making is one of the most lucrative businesses in crypto, and Strike Finance decentralizes this opportunity, allowing anyone to become a market maker and earn profits. Anyone can provide liquidity on our platform and earn yield.

### 

[](https://docs.strikefinance.org/perpetuals/publish-your-docs#how-it-works)

How It Works

When someone opens a long position on Strike Finance, they are essentially borrowing funds from liquidity providers. For example, if a trader deposits 100 ADA as collateral and opens a 10x long position, their total position size becomes 1,000 ADA. They are effectively borrowing 900 ADA from the liquidity providers.

### 

[](https://docs.strikefinance.org/perpetuals/publish-your-docs#full-asset-backing)

Full Asset Backing

We back all positions 1:1 with the underlying assets. This means if there are 1,000,000 ADA worth of long positions on the platform, we maintain 1,000,000 ADA in the liquidity pool to support these positions.

### 

[](https://docs.strikefinance.org/perpetuals/publish-your-docs#synthetic-trading-model)

Synthetic Trading Model

Unlike traditional perpetuals exchanges, no assets are bought or sold on the market when someone opens a position. These are simply synthetic bets between liquidity providers and traders. As a result, large buy or short orders have no effect on market prices, and there is no slippage

[PreviousPosition Settlement](https://docs.strikefinance.org/perpetuals/position-settlement)
[NextLiquidity Providers](https://docs.strikefinance.org/perpetuals/publish-your-docs/liquidity-providers)

Last updated 5 months ago

*   [How It Works](https://docs.strikefinance.org/perpetuals/publish-your-docs#how-it-works)
    
*   [Full Asset Backing](https://docs.strikefinance.org/perpetuals/publish-your-docs#full-asset-backing)
    
*   [Synthetic Trading Model](https://docs.strikefinance.org/perpetuals/publish-your-docs#synthetic-trading-model)

---

# Data Fetching | Strike Finance

Read-only endpoints for user/global staking info and fee wallet balance.

### 

[](https://docs.strikefinance.org/api-documentation/staking/data-fetching#get-getstake)

Get user's staking information

get

https://app.strikefinance.org/api/staking/getStake

Query parameters

addressstringRequired

Responses

200

User staking details

application/json

400

Missing or invalid address

application/json

500

Internal server error

application/json

get

/getStake

HTTP

HTTPcURLJavaScriptPython

Test it

200

User staking details

### 

[](https://docs.strikefinance.org/api-documentation/staking/data-fetching#get-getallstake)

Get global staking statistics

get

https://app.strikefinance.org/api/staking/getAllStake

Responses

200

Global staking statistics

application/json

500

Internal server error

application/json

get

/getAllStake

HTTP

HTTPcURLJavaScriptPython

Test it

200

Global staking statistics

[PreviousStaking](https://docs.strikefinance.org/api-documentation/staking/staking)
[NextModels](https://docs.strikefinance.org/api-documentation/staking/models)

Last updated 3 months ago

*   [GETGet user's staking information](https://docs.strikefinance.org/api-documentation/staking/data-fetching#get-getstake)
    
*   [GETGet global staking statistics](https://docs.strikefinance.org/api-documentation/staking/data-fetching#get-getallstake)
    

Copy

    GET /api/staking/getStake?address=text HTTP/1.1
    Host: app.strikefinance.org
    Accept: */*
    

Copy

    {
      "stakedAmount": 1,
      "rewards": 1
    }

Copy

    GET /api/staking/getAllStake HTTP/1.1
    Host: app.strikefinance.org
    Accept: */*
    

Copy

    {
      "allStakedAmount": 1,
      "uniqueStakers": 1,
      "strikeBurnt": 1,
      "totalADARewardsDistributed": 1,
      "upcomingADARewards": 1,
      "currentAPR": 1,
      "nextDistributionPosixTime": 1
    }

---

# Transaction | Strike Finance

Operations for submitting blockchain transactions

### 

[](https://docs.strikefinance.org/api-documentation/submit-transaction/transaction#post-api-transaction-submit)

Submit transaction to blockchain

post

https://app.strikefinance.org/api/transaction/submit

Receives a signed witness and a cbor to submit a transaction to the Cardano blockchain.

Body

application/json

application/json

cborstringRequired

The transaction in CBOR format as a hex string

Example: `84a400818258203f...`

witnessstringRequired

The witness/signature data for the transaction

Example: `a10081825820...`

perpetualRequestobjectOptional

Optional data for creating a perpetual position

Show properties

closePositionInfoobjectOptional

Optional data for closing a perpetual position

Show properties

Responses

200

Transaction successfully submitted to the blockchain

application/json

Responseobject

Show properties

400

Missing required parameters

application/json

500

Server configuration error or transaction submission failure

application/json

post

/api/transaction/submit

HTTP

HTTPcURLJavaScriptPython

Test it

200

Transaction successfully submitted to the blockchain

[PreviousSubmit Transaction](https://docs.strikefinance.org/api-documentation/submit-transaction)
[NextModels](https://docs.strikefinance.org/api-documentation/submit-transaction/models)

Copy

    POST /api/transaction/submit HTTP/1.1
    Host: app.strikefinance.org
    Content-Type: application/json
    Accept: */*
    Content-Length: 835
    
    {
      "cbor": "84a400818258203f...",
      "witness": "a10081825820...",
      "perpetualRequest": {
        "asset": {
          "policyId": "279c909f348e533da5808898f87f9a14bb2c3dfbbacccd631d927a3f",
          "assetName": "534e454b"
        },
        "position": "Long",
        "leverage": 1,
        "collateralAmount": 1,
        "positionSize": 1,
        "stopLossPrice": 1,
        "takeProfitPrice": 1,
        "address": "text",
        "enteredPositionTime": 1
      },
      "closePositionInfo": {
        "perpetualInfo": {
          "asset": {
            "ticker": "SNEK",
            "asset": {
              "policyId": "279c909f348e533da5808898f87f9a14bb2c3dfbbacccd631d927a3f",
              "assetName": "534e454b"
            },
            "type": "native",
            "url": "text",
            "decimals": 6,
            "dex": "minswap",
            "perpAuthPolicyId": "text"
          },
          "position": "Long",
          "entryPrice": 1,
          "positionSize": 1,
          "collateral": {
            "amount": 1,
            "ticker": "text",
            "includeStrike": true,
            "strikeAmount": 1
          },
          "enteredPositionTime": 1,
          "hourlyBorrowFee": 1,
          "openingUSDFee": 1,
          "outRef": {
            "txHash": "text",
            "outputIndex": 1
          }
        },
        "address": "text"
      }
    }

Copy

    {
      "txHash": "a1b2c3d4e5f6..."
    }

---

# Tutorial | Strike Finance

Perpetual contracts allow traders to open a long or short position with borrowed funds to increase their position indefinitely. Traders who think an asset will go up in value will open a long position, and traders who think an asset will go down in value will open a short position. We use an on-chain oracle to ensure that large positions do not cause price impact and to eliminate slippage.

Liquidity for the platform can be provided by anyone. The liquidity pool can provide high yields for liquidity providers. 100% of utilized funds go towards the liquidity providers as well as the interest traders pay to open a position.

Traders will have to pay opening and closing fees for their positions. While their position is open, there is an hourly borrowing rate charged against their position.

### 

[](https://docs.strikefinance.org/perpetuals/quickstart#product-walkthrough)

Product Walkthrough

![](https://docs.strikefinance.org/~gitbook/image?url=https%3A%2F%2F3104501468-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252Fl6nT3DjbRRXrBD1ATav2%252Fuploads%252F0WdLN0ucE9W1Q8okFUd9%252FScreenshot2025-03-09at4.04.12AM.png%3Falt%3Dmedia%26token%3D177638fb-5d6d-4972-865b-296b2dd6be5d&width=768&dpr=4&quality=100&sign=8142a072&sv=2)

There is a TradingView chart that displays the most up-to-date price of the underlying asset. The chart also provides drawing tools and the entire history of price data. It updates every second, allowing you to make informed decisions.

To create a position, navigate to the left-hand side. Simply enter your initial collateral and select your leverage. Once these fields are completed, you can click the “Open Long” or “Open Short” button to establish your position. The tab at the top lets you switch between a long or short position. Below this, you can view:

*   The fees you will pay to open your position
    
*   The liquidation price
    
*   The price at which you opened the position
    
*   The total value of your position.
    

After creating your position, you can manage it from the bottom left side. There are three tabs to navigate:

1.  Positions Tab: Here, you can:
    
    *   Add more collateral
        
    *   Update your stop loss or take profit
        
    *   Close your position
        
    *   See your current profit or loss and your liquidation price.
        
    
2.  Open Orders Tab: This displays all your limit orders. You can have multiple limit orders active simultaneously.
    
3.  History Tab: This shows all your previous trades.
    

[PreviousModels](https://docs.strikefinance.org/api-documentation/submit-transaction/models)
[NextPosition Settlement](https://docs.strikefinance.org/perpetuals/position-settlement)

Last updated 6 months ago

---

# Liquidation | Strike Finance

On Strike, you get liquidated when your remaining collateral falls below the maintenance margin requirement as a percentage of your total position value.

**Important:** When you get liquidated, you don't get any funds back - your entire initial collateral is forfeited. This means you lose both your unrealized losses from the position's negative performance and your entire original collateral deposit.

### 

[](https://docs.strikefinance.org/perpetuals/liquidation#position-example-ada-liquidation)

Position Example: ADA Liquidation

**Position Details:**

*   Underlying Asset: ADA
    
*   Position Size: 5,050 ADA
    
*   Entry Price: $0.5214
    
*   Current Price: $0.5502
    
*   Initial Collateral: $275
    
*   Total Position Value: 5,050 ADA × $0.5502 = $2,778.60
    

**Liquidation Calculation:**

1.  **Position P&L:** 5,050 ADA × ($0.5214 - $0.5502) = -$145.44
    
2.  **Remaining Collateral:** $275 - $145.44 = $129.56
    
3.  **Margin Ratio:** $129.56 ÷ $2,778.60 = 0.0467 = 4.67%
    
4.  **Result:** 4.67% < 5% Maintenance Margin Requirement → **LIQUIDATION TRIGGERED**
    

**Outcome:** Position closed immediately, $0 returned to trader (total loss of $275 initial collateral).

[PreviousIAG Parameters](https://docs.strikefinance.org/perpetuals/parameters/iag-parameters)
[NextTokenomics](https://docs.strikefinance.org/tokenomics/editor)

Last updated 5 months ago

---

# Partnerships | Strike Finance

Any CNTs can be supported on our platform as long as someone is willing to provide the liquidity for them, regardless of the market cap or volume of the CNTs. Projects looking to list their tokens on our platform can contact us directly via X or Discord. Projects must understand that providing liquidity is not risk-free, especially with low market cap coins. These coins can be easily manipulated, and projects that provide liquidity for their own tokens might suffer large losses.

[PreviousRisk Management](https://docs.strikefinance.org/perpetuals/publish-your-docs/risk-management)
[NextParameters](https://docs.strikefinance.org/perpetuals/parameters)

Last updated 6 months ago

---

# Position Settlement | Strike Finance

### 

[](https://docs.strikefinance.org/perpetuals/position-settlement#calculation-formula)

Calculation Formula

The settlement amount is calculated as follows:

Copy

    Settlement Amount (in tokens) = (Collateral USD Value + PnL USD Value) / Current Asset Price

Where:

*   **Collateral USD Value** = Initial collateral amount × asset price at entry
    
*   **PnL USD Value** = Current position value - Entry position value
    
*   **Current Asset Price** = Current USD price of the asset
    

### 

[](https://docs.strikefinance.org/perpetuals/position-settlement#example-scenarios)

Example Scenarios

#### 

[](https://docs.strikefinance.org/perpetuals/position-settlement#long-position-example)

Long Position Example

**Setup:**

*   Asset: ADA
    
*   Entry Price: $0.50
    
*   Current Price: $0.60
    
*   Collateral Deposited: 1,000 ADA
    
*   Position Size: $2,000 (4,000 ADA equivalent at entry)
    

**Calculation:**

1.  **Collateral USD Value**: 1,000 ADA × $0.50 = $500
    
2.  **PnL Calculation** (Long):
    
    *   Current position value: 4,000 ADA × $0.60 = $2,400
        
    *   Entry position value: 4,000 ADA × $0.50 = $2,000
        
    *   PnL: $2,400 - $2,000 = **+$400 profit**
        
    
3.  **Total USD Value**: $500 (collateral) + $400 (PnL) = $900
    
4.  **Settlement Amount**: $900 ÷ $0.60 = **1,500 ADA**
    

#### 

[](https://docs.strikefinance.org/perpetuals/position-settlement#short-position-example)

Short Position Example

**Setup:**

*   Asset: ADA
    
*   Entry Price: $0.50
    
*   Current Price: $0.60
    
*   Collateral Deposited: 1,000 ADA
    
*   Position Size: $2,000 (4,000 ADA equivalent at entry)
    

**Calculation:**

1.  **Collateral USD Value**: 1,000 ADA × $0.50 = $500
    
2.  **PnL Calculation** (Short):
    
    *   Entry position value: 4,000 ADA × $0.50 = $2,000
        
    *   Current position value: 4,000 ADA × $0.60 = $2,400
        
    *   PnL: $2,000 - $2,400 = **\-$400 loss**
        
    
3.  **Total USD Value**: $500 (collateral) + (-$400) (PnL) = $100
    
4.  **Settlement Amount**: $100 ÷ $0.60 = **166.67 ADA**
    

### 

[](https://docs.strikefinance.org/perpetuals/position-settlement#key-points)

Key Points

*   **Long positions** profit when the asset price increases
    
*   **Short positions** profit when the asset price decreases
    
*   The settlement amount can be less than the original collateral if the position incurred losses
    
*   All calculations are performed in USD terms before converting back to the asset amount
    
*   The current market price is used for the final conversion to determine the actual token amount returned
    

[PreviousTutorial](https://docs.strikefinance.org/perpetuals/quickstart)
[NextLiquidity Provision](https://docs.strikefinance.org/perpetuals/publish-your-docs)

Last updated 5 months ago

*   [Calculation Formula](https://docs.strikefinance.org/perpetuals/position-settlement#calculation-formula)
    
*   [Example Scenarios](https://docs.strikefinance.org/perpetuals/position-settlement#example-scenarios)
    
*   [Key Points](https://docs.strikefinance.org/perpetuals/position-settlement#key-points)

---

# Liquidity Providers | Strike Finance

### 

[](https://docs.strikefinance.org/perpetuals/publish-your-docs/liquidity-providers#revenue-sources)

Revenue Sources

As a liquidity provider, you earn revenue from four primary sources:

*   **100% of liquidated collateral** from positions that get liquidated
    
*   **100% of trader losses** when positions close at a loss
    
*   **100% of hourly borrow fees** paid by traders (calculated as a percentage of total position size, not just the borrowed amount)
    
*   **Percentage of opening fees** charged when traders open new positions (this percentage is configurable and may be adjusted in the future)
    

### 

[](https://docs.strikefinance.org/perpetuals/publish-your-docs/liquidity-providers#how-liquidity-provision-works)

How Liquidity Provision Works

When you deposit assets as collateral, you receive LP tokens in return that represent your share of the pool. To withdraw your funds, you'll need to deposit these LP tokens back to the protocol.

#### 

[](https://docs.strikefinance.org/perpetuals/publish-your-docs/liquidity-providers#withdrawal-process)

Withdrawal Process

You can withdraw your liquidity anytime when sufficient assets are available in the pool. However, there may be scenarios where all assets are currently lent out to traders, temporarily preventing withdrawals.

If assets aren't immediately available for withdrawal, you can submit a withdrawal transaction. Your funds will be automatically sent to your wallet as soon as sufficient assets become available in the pool.

### 

[](https://docs.strikefinance.org/perpetuals/publish-your-docs/liquidity-providers#automatic-compounding)

Automatic Compounding

You begin earning profits immediately upon depositing liquidity. All earned profits are automatically redeployed into the protocol, increasing your potential returns through compound growth without requiring any additional action from you.

[PreviousLiquidity Provision](https://docs.strikefinance.org/perpetuals/publish-your-docs)
[NextRisk Management](https://docs.strikefinance.org/perpetuals/publish-your-docs/risk-management)

Last updated 5 months ago

*   [Revenue Sources](https://docs.strikefinance.org/perpetuals/publish-your-docs/liquidity-providers#revenue-sources)
    
*   [How Liquidity Provision Works](https://docs.strikefinance.org/perpetuals/publish-your-docs/liquidity-providers#how-liquidity-provision-works)
    
*   [Automatic Compounding](https://docs.strikefinance.org/perpetuals/publish-your-docs/liquidity-providers#automatic-compounding)

---

# Risk Management | Strike Finance

### 

[](https://docs.strikefinance.org/perpetuals/publish-your-docs/risk-management#how-the-system-works)

How the System Works

Liquidity providers essentially take the opposite side of all trader positions. When traders profit, they withdraw funds from the liquidity pool, resulting in losses for liquidity providers. Conversely, when traders lose, liquidity providers gain.

When a user provides liquidity to a pool, they receive LP tokens proportional to their contribution, representing their share of the pool. For instance, if a user contributes liquidity at a 1:1 ratio, they receive LP tokens reflecting that proportion.

LP token value fluctuates based on pool dynamics. Liquidity providers earn rewards from hourly borrow fees, liquidations, and trader losses, which increase the value of LP tokens. also when traders close positions at a profit, liquidity providers incur losses, reducing the value of LP tokens.

In the case where traders are on profit but haven't closed their position (this is an unrealized loss for the LPers) and for example LP token value still reflects the initial 1:1 conversion rate, a liquidity provider can decide to withdraw his own share of liquidity provided at the conversion rate of 1:!, unaffected by the unrealize losses.

However, if traders close their positions in profit (Realized loss for LPers) causing the LP token value to decrease, the conversion rate adjusts accordingly. Any liquidity provider withdrawing at this point will realize the associated loss based on the updated conversion rate.

### 

[](https://docs.strikefinance.org/perpetuals/publish-your-docs/risk-management#long-term-profitability)

Long-Term Profitability

Historical data from other perpetual trading platforms shows that **traders collectively lose money over extended periods**. While there may be short-term periods where traders are profitable, liquidity providers consistently come out ahead over the long term due to this fundamental market dynamic.

### 

[](https://docs.strikefinance.org/perpetuals/publish-your-docs/risk-management#fee-structure-and-incentives)

Fee Structure and Incentives

#### 

[](https://docs.strikefinance.org/perpetuals/publish-your-docs/risk-management#hourly-borrow-fee)

Hourly Borrow Fee

We implement an hourly borrow fee that functions similarly to funding rates on other platforms. Key features include:

*   **Dynamic rates**: The fee adjusts based on the ratio of long vs. short positions, helping maintain market balance
    
*   **Position prevention**: This mechanism discourages traders from all taking the same side of a trade
    
*   **Full position coverage**: Unlike some platforms, our fee applies to the entire position size, not just the leveraged portion
    
*   **Anti-coasting measure**: Prevents traders from using minimal leverage to avoid fees while waiting for profitable opportunities
    

#### 

[](https://docs.strikefinance.org/perpetuals/publish-your-docs/risk-management#balanced-incentive-system)

Balanced Incentive System

The fee structure dynamically balances the market by:

*   Increasing costs for the overrepresented side (long or short)
    
*   Making the underrepresented side more attractive
    
*   Ensuring continuous revenue flow to liquidity providers
    

### 

[](https://docs.strikefinance.org/perpetuals/publish-your-docs/risk-management#risk-considerations)

Risk Considerations

While the system is designed to favor liquidity providers over time, short-term volatility can occur. During periods of strong directional market movements, traders may temporarily profit at the expense of the liquidity pool. If a user provided LP today, and a trader closes a position in profit today, but that position was opened yesterday when this user haven’t provided LP yet, this user will incur that loss too.

[PreviousLiquidity Providers](https://docs.strikefinance.org/perpetuals/publish-your-docs/liquidity-providers)
[NextPartnerships](https://docs.strikefinance.org/perpetuals/publish-your-docs/partnerships)

Last updated 5 months ago

*   [How the System Works](https://docs.strikefinance.org/perpetuals/publish-your-docs/risk-management#how-the-system-works)
    
*   [Long-Term Profitability](https://docs.strikefinance.org/perpetuals/publish-your-docs/risk-management#long-term-profitability)
    
*   [Fee Structure and Incentives](https://docs.strikefinance.org/perpetuals/publish-your-docs/risk-management#fee-structure-and-incentives)
    
*   [Risk Considerations](https://docs.strikefinance.org/perpetuals/publish-your-docs/risk-management#risk-considerations)

---

# Staking | Strike Finance

Stake $STRIKE to earn the revenue generated by the Strike platform. The main revenue source for Strike are the opening fees from opening perpetual positions. The opening fees are split amongst Strike and liquidity providers, the split may change. 100% of the opening fees that goes to Strike is distributed to stakers once every 3 epochs. To qualify for rewards, you must keep your $STRIKE staked for the entire duration of all 3 epochs. Any $STRIKE that is unstaked prior to distribution would not qualify for rewards. Staked $STRIKE and rewards can be withdrawn at any time, there is no locking. Staked $STRIKE are locked in a non-custodial contract. The contract is open-sourced here [https://github.com/strike-finance/staking-smart-contracts](https://github.com/strike-finance/staking-smart-contracts)
 .

[PreviousTokenomics](https://docs.strikefinance.org/tokenomics/editor)
[NextReferrals](https://docs.strikefinance.org/v2/referrals)

Last updated 2 months ago

---

# Parameters | Strike Finance

The following pages has information about the parameters of each contract. It contains things such as max leverage, max positions, fees etc… Please note these can be updated through a governance vote and are not final. Each asset has different parameters based on the volatility of the asset and current status of the pool. There are two kinds of fees traders pay when opening a position. An opening fee which is based on total position size, and an hourly borrow fee. The hourly borrow fee is based on market imbalance. We calculate **dominance%** (the higher of Long% or Short%) and apply an exponential curve so the fee starts low in a balanced market and increases progressively as imbalance grows. Both Long and Short pay the same rate. This is to help liquidity providers mitigate risks when positions are one sided.

The pool utilization also affects the hourly fee. Higher utilizations will cause the hourly fee to increase.

APR is calculated by multiplying the hourly rate by 24 hours × 365 days.

[PreviousPartnerships](https://docs.strikefinance.org/perpetuals/publish-your-docs/partnerships)
[NextADA Parameters](https://docs.strikefinance.org/perpetuals/parameters/ada-parameters)

Last updated 1 month ago

---

# Tokenomics | Strike Finance

The original tokenomics document can be found [here](https://linktr.ee/strikecardano)
.

**STRIKE Utility**

The Strike Token (STRIKE) offers a range of utilities within the Strike Finance ecosystem, making it a vital component for users. The key utilities of STRIKE include:

1.  Collateral: STRIKE can be used as an additional form of collateral in our forwards and perpetual futures contracts. Using STRIKE as additional collateral offers benefits such as discounted fees and access to higher leverage in perpetual futures contracts. In the event of liquidation, any STRIKE used as collateral will be burned.
    
2.  Staking: STRIKE holders can stake their tokens and earn a percentage of protocol fees.
    
3.  Governance: STRIKE holders can participate in the protocol’s governance, voting on important decisions such as upgrades, new feature implementations, and changes to fee structures.
    
4.  Trading Fees: Holders of STRIKE will have discounted trading fees for using the platform. The discounted fee for STRIKE holders can be stacked on top of the discounted fee when using STRIKE as additional collateral.
    

### 

[](https://docs.strikefinance.org/tokenomics/editor#distribution)

​**Distribution**

**STRIKE** is the platform token for the **Strike Finance** protocol. There are a total of 25 million (25,000,000) **STRIKE** tokens. The allocation for **STRIKE** is detailed below from largest to smallest:

*   **Public Sale:** 60% (15,000,000 tokens)
    
*   **Team and Advisors**: 15% (3,750,000 tokens)
    
*   **Liquidity:** 12% (3,000,000 tokens)
    
*   **DAO**: 13% (3,250,000 tokens)
    

The total public allocation is 85%, with 15% for team and advisors.

The distribution is as follows:

**Tokenomics Chart**

![](https://docs.strikefinance.org/~gitbook/image?url=https%3A%2F%2F3104501468-files.gitbook.io%2F%7E%2Ffiles%2Fv0%2Fb%2Fgitbook-x-prod.appspot.com%2Fo%2Fspaces%252Fl6nT3DjbRRXrBD1ATav2%252Fuploads%252FoBDcotmp8gcZNZ7mIZrS%252FScreen%2520Shot%25202025-06-02%2520at%25205.17.36%2520PM.png%3Falt%3Dmedia%26token%3D19c927de-346a-4d2e-837c-842abab88085&width=768&dpr=4&quality=100&sign=e4a53d65&sv=2)

### 

[](https://docs.strikefinance.org/tokenomics/editor#emissions)

​**Emissions**

Emissions will be simple and concise. There will be 72% of tokens initially in circulation (public + liquidity). The additional 15% from team allocation will be fully unlocked after 30 months (full details below) for a circulating supply of 87%, and the final 13% (DAO treasury) will be decided by community members at a later time.

### 

[](https://docs.strikefinance.org/tokenomics/editor#vesting)

​**Vesting**

DAO vesting will be entirely up to the voting of STRIKE holders. This can be used for anything the community sees fit such as incentives, initiatives, funding future development, etc.

Team vesting is simple. Starting from the token generation event, there is a 6 month period where there are no unlocked tokens. After that, tokens will unlock linearly monthly over the span of 24 months (2 years).

[PreviousLiquidation](https://docs.strikefinance.org/perpetuals/liquidation)
[NextStaking](https://docs.strikefinance.org/tokenomics/markdown)

Last updated 6 months ago

*   [​Distribution](https://docs.strikefinance.org/tokenomics/editor#distribution)
    
*   [​Emissions](https://docs.strikefinance.org/tokenomics/editor#emissions)
    
*   [​Vesting](https://docs.strikefinance.org/tokenomics/editor#vesting)

---

# Staking | Strike Finance

Endpoints that modify staking state (stake/withdraw/claim).

### 

[](https://docs.strikefinance.org/api-documentation/staking/staking#post-addstake)

Add STRIKE tokens to staking pool

post

https://app.strikefinance.org/api/staking/addStake

Body

application/json

application/json

requestobjectRequired

Show properties

Responses

200

Transaction built successfully

application/json

Responseobject

Show properties

400

Bad request

application/json

500

Internal server error

application/json

post

/addStake

HTTP

HTTPcURLJavaScriptPython

Test it

200

Transaction built successfully

### 

[](https://docs.strikefinance.org/api-documentation/staking/staking#post-withdrawstake)

Withdraw staked STRIKE tokens

post

https://app.strikefinance.org/api/staking/withdrawStake

Body

application/json

application/json

requestobjectRequired

Show properties

Responses

200

Transaction built successfully

application/json

Responseobject

Show properties

400

Bad request

application/json

500

Internal server error

application/json

post

/withdrawStake

HTTP

HTTPcURLJavaScriptPython

Test it

200

Transaction built successfully

### 

[](https://docs.strikefinance.org/api-documentation/staking/staking#post-consumerewards)

Claim accumulated staking rewards

post

https://app.strikefinance.org/api/staking/consumeRewards

Body

application/json

application/json

requestobjectRequired

Show properties

Responses

200

Transaction built successfully

application/json

Responseobject

Show properties

400

Bad request

application/json

500

Internal server error

application/json

post

/consumeRewards

HTTP

HTTPcURLJavaScriptPython

Test it

200

Transaction built successfully

[PreviousStaking](https://docs.strikefinance.org/api-documentation/staking)
[NextData Fetching](https://docs.strikefinance.org/api-documentation/staking/data-fetching)

Last updated 3 months ago

*   [POSTAdd STRIKE tokens to staking pool](https://docs.strikefinance.org/api-documentation/staking/staking#post-addstake)
    
*   [POSTWithdraw staked STRIKE tokens](https://docs.strikefinance.org/api-documentation/staking/staking#post-withdrawstake)
    
*   [POSTClaim accumulated staking rewards](https://docs.strikefinance.org/api-documentation/staking/staking#post-consumerewards)
    

Copy

    POST /api/staking/addStake HTTP/1.1
    Host: app.strikefinance.org
    Content-Type: application/json
    Accept: */*
    Content-Length: 47
    
    {
      "request": {
        "address": "addr1...",
        "amount": 100
      }
    }

Copy

    {
      "success": true,
      "txCBOR": "text",
      "error": "text"
    }

Copy

    POST /api/staking/withdrawStake HTTP/1.1
    Host: app.strikefinance.org
    Content-Type: application/json
    Accept: */*
    Content-Length: 68
    
    {
      "request": {
        "address": "addr1...",
        "amount": 1000,
        "withdrawAll": false
      }
    }

Copy

    {
      "success": true,
      "txCBOR": "text",
      "error": "text"
    }

Copy

    POST /api/staking/consumeRewards HTTP/1.1
    Host: app.strikefinance.org
    Content-Type: application/json
    Accept: */*
    Content-Length: 34
    
    {
      "request": {
        "address": "addr1..."
      }
    }

Copy

    {
      "success": true,
      "txCBOR": "text",
      "error": "text"
    }

---

# Referrals | Strike Finance

### 

[](https://docs.strikefinance.org/v2/referrals#how-do-i-refer-someone-to-strike)

How do I refer someone to Strike?

You can create a referral code after you've done $10,000 in trading volume. You will receive 10% of referred users' fees, less any fee discount they receive.

Share your referral code with other traders using a unique link: `https://v2.strikefinance.org/referral/accept?code=YOURCODE` (you can copy your referral link inside the app).

Referral rewards accrue for all quote assets and can be claimed once you have accumulated at least $10 in rewards. Claimed referral rewards are reflected in your balance and recorded in deposit history.

### 

[](https://docs.strikefinance.org/v2/referrals#how-do-i-use-a-referral-code)

How do I use a referral code?

Enter a referral code on the Strike app or use a friend's referral link. Using a referral code will give you a 4% discount on your fees. Referral discounts apply to all trading fees.

[PreviousStaking](https://docs.strikefinance.org/tokenomics/markdown)
[NextLinks](https://docs.strikefinance.org/social-media/links)

Last updated 11 days ago

*   [How do I refer someone to Strike?](https://docs.strikefinance.org/v2/referrals#how-do-i-refer-someone-to-strike)
    
*   [How do I use a referral code?](https://docs.strikefinance.org/v2/referrals#how-do-i-use-a-referral-code)

---

# IAG Parameters | Strike Finance

Fee/Threshold Type

Value/Description

Opening Fee

0.35% of total position size (Note: Additional fees may apply based on pool utilization and position ratio)

Hourly Borrow Interest Rate

0.0025% per hour

Liquidation

95% LTV (5% maintance margin)

Max Position Size

$20,000

### 

[](https://docs.strikefinance.org/perpetuals/parameters/iag-parameters#dynamic-fees-based-on-directional-imbalance)

Dynamic Fees Based On Directional Imbalance

Directional imbalance measures the percentage skew between long and short positions (e.g., 60% long / 40% short = 60% imbalance). Hourly borrow fee and opening fee increases as the imbalance gets higher.

### 

[](https://docs.strikefinance.org/perpetuals/parameters/iag-parameters#opening-fee-utilization-parameters)

Opening Fee Utilization Parameters

Note: LPs take roughly ~50% of opening fee and Strike stakers take roughly ~50%. The opening fee that LPs take will all be in ADA, while the rest is in ADA, paid to Strike.

Directional Imbalance

Opening Fee

\> 60%

0.400% of total position size

\> 65%

0.450% of total position size

\> 70%

0.475% of total position size

\> 75%

0.5% of total position size

\> 80%

0.525% of total position size

\> 85%

0.550% of total position size

\> 90%

0.575% of total position size

\> 95%

0.600% of total position size

### 

[](https://docs.strikefinance.org/perpetuals/parameters/iag-parameters#hourly-borrow-fee-parameters)

Hourly Borrow Fee Parameters

#### 

[](https://docs.strikefinance.org/perpetuals/parameters/iag-parameters#base-hourly-borrow-fee-based-on-directional-imbalance)

Base Hourly Borrow Fee (Based on Directional Imbalance)

The dominant side will have the hourly borrow fee specified here. The non dominate side will have a base hourly fee of 0.00313%.

Dominance%

Hourly Fee

APR

50%

0.00703%

61.60%

60%

0.01352%

118.38%

70%

0.02084%

182.54%

75%

0.02425%

212.28%

80%

0.02696%

236.12%

85%

0.02919%

255.05%

90%

0.03092%

270.82%

95%

0.03228%

282.76%

98%

0.03294%

288.48%

#### 

[](https://docs.strikefinance.org/perpetuals/parameters/iag-parameters#pool-utilization-multiplier)

Pool Utilization Multiplier

Based on current utilization of pool, the hourly fee from the long vs short ratio can change.

Utilization

Change vs Base

0%

\-33.3%

5%

\-31.7%

10%

\-30.0%

15%

\-28.2%

20%

\-26.3%

25%

\-24.3%

30%

\-22.2%

35%

\-20.0%

40%

\-17.6%

45%

\-15.2%

50%

\-12.5%

55%

\-9.7%

60%

\-6.7%

65%

\-3.5%

70%

0.0%

75%

+4.4%

80%

+9.1%

85%

+14.3%

90%

+20.0%

95%

+26.3%

100%

+33.3%

[PreviousWMTX Parameters](https://docs.strikefinance.org/perpetuals/parameters/wmtx-parameters)
[NextLiquidation](https://docs.strikefinance.org/perpetuals/liquidation)

Last updated 1 month ago

*   [Dynamic Fees Based On Directional Imbalance](https://docs.strikefinance.org/perpetuals/parameters/iag-parameters#dynamic-fees-based-on-directional-imbalance)
    
*   [Opening Fee Utilization Parameters](https://docs.strikefinance.org/perpetuals/parameters/iag-parameters#opening-fee-utilization-parameters)
    
*   [Hourly Borrow Fee Parameters](https://docs.strikefinance.org/perpetuals/parameters/iag-parameters#hourly-borrow-fee-parameters)

---

# ADA Parameters | Strike Finance

Fee/Threshold Type

Value/Description

Opening Fee

0.35% of total position size (Note: Additional fees may apply based on pool utilization and position ratio)

Hourly Borrow Interest Rate

0.0025% per hour

Liquidation

97% LTV (3% maintance margin)

Max Position Size

$100,000

### 

[](https://docs.strikefinance.org/perpetuals/parameters/ada-parameters#dynamic-fees-based-on-directional-imbalance)

Dynamic Fees Based On Directional Imbalance

Directional imbalance measures the percentage skew between long and short positions (e.g., 60% long / 40% short = 60% imbalance). Hourly borrow fee and opening fee increases as the imbalance gets higher.

### 

[](https://docs.strikefinance.org/perpetuals/parameters/ada-parameters#opening-fee-utilization-parameters)

Opening Fee Utilization Parameters

Note: LPs take roughly ~50% of opening fee and Strike stakers take roughly ~50%

Directional Imbalance

Opening Fee

\> 60%

0.400% of total position size

\> 65%

0.450% of total position size

\> 70%

0.475% of total position size

\> 75%

0.5% of total position size

\> 80%

0.525% of total position size

\> 85%

0.550% of total position size

\> 90%

0.575% of total position size

\> 95%

0.600% of total position size

### 

[](https://docs.strikefinance.org/perpetuals/parameters/ada-parameters#hourly-borrow-fee-parameters)

Hourly Borrow Fee Parameters

#### 

[](https://docs.strikefinance.org/perpetuals/parameters/ada-parameters#base-hourly-borrow-fee-based-on-directional-imbalance)

Base Hourly Borrow Fee (Based on Directional Imbalance)

The dominant side will have the hourly borrow fee specified here. The non dominate side will have a base hourly fee of 0.0025%.

Dominance%

Hourly Fee

APR

50%

0.00703%

61.60%

60%

0.01200%

105.10%

70%

0.01732%

151.68%

75%

0.01958%

171.58%

80%

0.02144%

187.80%

85%

0.02287%

200.36%

90%

0.02391%

209.51%

95%

0.02466%

216.06%

98%

0.02500%

219.00%

#### 

[](https://docs.strikefinance.org/perpetuals/parameters/ada-parameters#pool-utilization-multiplier)

Pool Utilization Multiplier

Based on current utilization of pool, the hourly fee from the long vs short ratio can change.

Utilization

Change vs Base

0%

\-33.3%

5%

\-31.7%

10%

\-30.0%

15%

\-28.2%

20%

\-26.3%

25%

\-24.3%

30%

\-22.2%

35%

\-20.0%

40%

\-17.6%

45%

\-15.2%

50%

\-12.5%

55%

\-9.7%

60%

\-6.7%

65%

\-3.5%

70%

0.0%

75%

+4.4%

80%

+9.1%

85%

+14.3%

90%

+20.0%

95%

+26.3%

100%

+33.3%

[PreviousParameters](https://docs.strikefinance.org/perpetuals/parameters)
[NextBTC Parameters](https://docs.strikefinance.org/perpetuals/parameters/btc-parameters)

Last updated 1 month ago

*   [Dynamic Fees Based On Directional Imbalance](https://docs.strikefinance.org/perpetuals/parameters/ada-parameters#dynamic-fees-based-on-directional-imbalance)
    
*   [Opening Fee Utilization Parameters](https://docs.strikefinance.org/perpetuals/parameters/ada-parameters#opening-fee-utilization-parameters)
    
*   [Hourly Borrow Fee Parameters](https://docs.strikefinance.org/perpetuals/parameters/ada-parameters#hourly-borrow-fee-parameters)

---

# WMTX Parameters | Strike Finance

Fee/Threshold Type

Value/Description

Opening Fee

0.35% of total position size (Note: Additional fees may apply based on pool utilization and position ratio)

Hourly Borrow Interest Rate

0.0025% per hour

Liquidation

95% LTV (5% maintance margin)

Max Position Size

$20,000

### 

[](https://docs.strikefinance.org/perpetuals/parameters/wmtx-parameters#dynamic-fees-based-on-directional-imbalance)

Dynamic Fees Based On Directional Imbalance

Directional imbalance measures the percentage skew between long and short positions (e.g., 60% long / 40% short = 60% imbalance). Hourly borrow fee and opening fee increases as the imbalance gets higher.

### 

[](https://docs.strikefinance.org/perpetuals/parameters/wmtx-parameters#opening-fee-utilization-parameters)

Opening Fee Utilization Parameters

Note: LPs take roughly ~50% of opening fee and Strike stakers take roughly ~50%. The opening fee that LPs take will all be in ADA, while the rest is in ADA, paid to Strike.

Directional Imbalance

Opening Fee

\> 60%

0.400% of total position size

\> 65%

0.450% of total position size

\> 70%

0.475% of total position size

\> 75%

0.5% of total position size

\> 80%

0.525% of total position size

\> 85%

0.550% of total position size

\> 90%

0.575% of total position size

\> 95%

0.600% of total position size

### 

[](https://docs.strikefinance.org/perpetuals/parameters/wmtx-parameters#hourly-borrow-fee-parameters)

Hourly Borrow Fee Parameters

#### 

[](https://docs.strikefinance.org/perpetuals/parameters/wmtx-parameters#base-hourly-borrow-fee-based-on-directional-imbalance)

Base Hourly Borrow Fee (Based on Directional Imbalance)

The dominant side will have the hourly borrow fee specified here. The non dominate side will have a base hourly fee of 0.00313%.

Dominance%

Hourly Fee

APR

50%

0.00703%

61.60%

60%

0.01352%

118.38%

70%

0.02084%

182.54%

75%

0.02425%

212.28%

80%

0.02696%

236.12%

85%

0.02919%

255.05%

90%

0.03092%

270.82%

95%

0.03228%

282.76%

98%

0.03294%

288.48%

#### 

[](https://docs.strikefinance.org/perpetuals/parameters/wmtx-parameters#pool-utilization-multiplier)

Pool Utilization Multiplier

Based on current utilization of pool, the hourly fee from the long vs short ratio can change.

Utilization

Change vs Base

0%

\-33.3%

5%

\-31.7%

10%

\-30.0%

15%

\-28.2%

20%

\-26.3%

25%

\-24.3%

30%

\-22.2%

35%

\-20.0%

40%

\-17.6%

45%

\-15.2%

50%

\-12.5%

55%

\-9.7%

60%

\-6.7%

65%

\-3.5%

70%

0.0%

75%

+4.4%

80%

+9.1%

85%

+14.3%

90%

+20.0%

95%

+26.3%

100%

+33.3%

[PreviousSNEK Parameters](https://docs.strikefinance.org/perpetuals/parameters/snek-parameters)
[NextIAG Parameters](https://docs.strikefinance.org/perpetuals/parameters/iag-parameters)

Last updated 1 month ago

*   [Dynamic Fees Based On Directional Imbalance](https://docs.strikefinance.org/perpetuals/parameters/wmtx-parameters#dynamic-fees-based-on-directional-imbalance)
    
*   [Opening Fee Utilization Parameters](https://docs.strikefinance.org/perpetuals/parameters/wmtx-parameters#opening-fee-utilization-parameters)
    
*   [Hourly Borrow Fee Parameters](https://docs.strikefinance.org/perpetuals/parameters/wmtx-parameters#hourly-borrow-fee-parameters)

---

# SNEK Parameters | Strike Finance

Fee/Threshold Type

Value/Description

Opening Fee

0.35% of total position size (Note: Additional fees may apply based on pool utilization and position ratio)

Hourly Borrow Interest Rate

0.0025% per hour

Liquidation

95% LTV (3% maintance margin)

Max Position Size

$50,000

### 

[](https://docs.strikefinance.org/perpetuals/parameters/snek-parameters#dynamic-fees-based-on-directional-imbalance)

Dynamic Fees Based On Directional Imbalance

Directional imbalance measures the percentage skew between long and short positions (e.g., 60% long / 40% short = 60% imbalance). Hourly borrow fee and opening fee increases as the imbalance gets higher.

### 

[](https://docs.strikefinance.org/perpetuals/parameters/snek-parameters#opening-fee-utilization-parameters)

Opening Fee Utilization Parameters

Note: LPs take roughly ~50% of opening fee and Strike stakers take roughly ~50%. The opening fee that LPs take will all be in ADA, while the rest is in ADA, paid to Strike.

Directional Imbalance

Opening Fee

\> 60%

0.400% of total position size

\> 65%

0.450% of total position size

\> 70%

0.475% of total position size

\> 75%

0.5% of total position size

\> 80%

0.525% of total position size

\> 85%

0.550% of total position size

\> 90%

0.575% of total position size

\> 95%

0.600% of total position size

### 

[](https://docs.strikefinance.org/perpetuals/parameters/snek-parameters#hourly-borrow-fee-parameters)

Hourly Borrow Fee Parameters

#### 

[](https://docs.strikefinance.org/perpetuals/parameters/snek-parameters#base-hourly-borrow-fee-based-on-directional-imbalance)

Base Hourly Borrow Fee (Based on Directional Imbalance)

The dominant side will have the hourly borrow fee specified here. The non dominate side will have a base hourly fee of 0.00313%.

Dominance%

Hourly Fee

APR

50%

0.00703%

61.60%

60%

0.01352%

118.38%

70%

0.02084%

182.54%

75%

0.02425%

212.28%

80%

0.02696%

236.12%

85%

0.02919%

255.05%

90%

0.03092%

270.82%

95%

0.03228%

282.76%

98%

0.03294%

288.48%

#### 

[](https://docs.strikefinance.org/perpetuals/parameters/snek-parameters#pool-utilization-multiplier)

Pool Utilization Multiplier

Based on current utilization of pool, the hourly fee from the long vs short ratio can change.

Utilization

Change vs Base

0%

\-33.3%

5%

\-31.7%

10%

\-30.0%

15%

\-28.2%

20%

\-26.3%

25%

\-24.3%

30%

\-22.2%

35%

\-20.0%

40%

\-17.6%

45%

\-15.2%

50%

\-12.5%

55%

\-9.7%

60%

\-6.7%

65%

\-3.5%

70%

0.0%

75%

+4.4%

80%

+9.1%

85%

+14.3%

90%

+20.0%

95%

+26.3%

100%

+33.3%

#### 

[](https://docs.strikefinance.org/perpetuals/parameters/snek-parameters#undefined)

[PreviousBTC Parameters](https://docs.strikefinance.org/perpetuals/parameters/btc-parameters)
[NextWMTX Parameters](https://docs.strikefinance.org/perpetuals/parameters/wmtx-parameters)

Last updated 1 month ago

*   [Dynamic Fees Based On Directional Imbalance](https://docs.strikefinance.org/perpetuals/parameters/snek-parameters#dynamic-fees-based-on-directional-imbalance)
    
*   [Opening Fee Utilization Parameters](https://docs.strikefinance.org/perpetuals/parameters/snek-parameters#opening-fee-utilization-parameters)
    
*   [Hourly Borrow Fee Parameters](https://docs.strikefinance.org/perpetuals/parameters/snek-parameters#hourly-borrow-fee-parameters)

---

# Links | Strike Finance

All relevents links can be found on our Linktree [here](https://linktr.ee/strikecardano)
.

[PreviousReferrals](https://docs.strikefinance.org/v2/referrals)

Last updated 6 months ago

---

# BTC Parameters | Strike Finance

Fee/Threshold Type

Value/Description

Opening Fee

0.35% of total position size (Note: Additional fees may apply based on pool utilization and position ratio)

Hourly Borrow Interest Rate

0.0025% per hour

Liquidation

97% LTV (4% maintance margin)

Max Position Size

$50,000

BTC is not native on Cardano. This is a wrapped version by Wanchain. [https://www.wanchain.org/](https://www.wanchain.org/)
.

### 

[](https://docs.strikefinance.org/perpetuals/parameters/btc-parameters#dynamic-fees-based-on-directional-imbalance)

Dynamic Fees Based On Directional Imbalance

Directional imbalance measures the percentage skew between long and short positions (e.g., 60% long / 40% short = 60% imbalance). Hourly borrow fee and opening fee increases as the imbalance gets higher.

### 

[](https://docs.strikefinance.org/perpetuals/parameters/btc-parameters#opening-fee-utilization-parameters)

Opening Fee Utilization Parameters

Note: LPs take roughly ~50% of opening fee and Strike stakers take roughly ~50%

Directional Imbalance

Opening Fee

\> 60%

0.400% of total position size

\> 65%

0.450% of total position size

\> 70%

0.475% of total position size

\> 75%

0.5% of total position size

\> 80%

0.525% of total position size

\> 85%

0.550% of total position size

\> 90%

0.575% of total position size

\> 95%

0.600% of total position size

### 

[](https://docs.strikefinance.org/perpetuals/parameters/btc-parameters#hourly-borrow-fee-parameters)

Hourly Borrow Fee Parameters

#### 

[](https://docs.strikefinance.org/perpetuals/parameters/btc-parameters#base-hourly-borrow-fee-based-on-directional-imbalance)

Base Hourly Borrow Fee (Based on Directional Imbalance)

The dominant side will have the hourly borrow fee specified here. The non dominate side will have a base hourly fee of 0.0025%.

Dominance%

Hourly Fee

APR

50%

0.00703%

61.60%

60%

0.01200%

105.10%

70%

0.01732%

151.68%

75%

0.01958%

171.58%

80%

0.02144%

187.80%

85%

0.02287%

200.36%

90%

0.02391%

209.51%

95%

0.02466%

216.06%

98%

0.02500%

219.00%

#### 

[](https://docs.strikefinance.org/perpetuals/parameters/btc-parameters#pool-utilization-multiplier)

Pool Utilization Multiplier

Based on current utilization of pool, the hourly fee from the long vs short ratio can change.

Utilization

Change vs Base

0%

\-33.3%

5%

\-31.7%

10%

\-30.0%

15%

\-28.2%

20%

\-26.3%

25%

\-24.3%

30%

\-22.2%

35%

\-20.0%

40%

\-17.6%

45%

\-15.2%

50%

\-12.5%

55%

\-9.7%

60%

\-6.7%

65%

\-3.5%

70%

0.0%

75%

+4.4%

80%

+9.1%

85%

+14.3%

90%

+20.0%

95%

+26.3%

100%

+33.3%

[PreviousADA Parameters](https://docs.strikefinance.org/perpetuals/parameters/ada-parameters)
[NextSNEK Parameters](https://docs.strikefinance.org/perpetuals/parameters/snek-parameters)

Last updated 1 month ago

*   [Dynamic Fees Based On Directional Imbalance](https://docs.strikefinance.org/perpetuals/parameters/btc-parameters#dynamic-fees-based-on-directional-imbalance)
    
*   [Opening Fee Utilization Parameters](https://docs.strikefinance.org/perpetuals/parameters/btc-parameters#opening-fee-utilization-parameters)
    
*   [Hourly Borrow Fee Parameters](https://docs.strikefinance.org/perpetuals/parameters/btc-parameters#hourly-borrow-fee-parameters)

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