CurrencyPriceSTRK

Strike is a DeFi lending protocol that allows users to earn interest on their cryptocurrencies by depositing them into one of several markets supported by the platform. When a user deposits tokens to a Strike market, they receive sTokens in return. These sTokens represent the individuals stake in the pool and can be used to redeem the underlying cryptocurrency initially deposited into the pool at any time. For example, by depositing ETH into a pool, you will receive sETH in return. Over time, the exchange rate of these sTokens to the underlying asset increases, which means you can redeem them for more of the underlying asset than you initially put in this is how the interest is distributed. On the flip side, borrowers can take a secured loan from any Strike pool by depositing collateral. The maximum loan-to-value ratio varies based on the collateral asset, but currently ranges from 50 to 80%. The interest rate paid varies by borrowed asset and borrowers can face automatic liquidation if their collateral falls below a specific maintenance threshold.