Strike Finance Liquidity Deployment
Treasury withdrawal: Pays ADA out of the Cardano treasury.
- Status
- Expired: Voting closed without the action reaching the support it needed.
- Proposed
- 18 Jun 2026, in epoch 637
- Amount
- ₳9,000,000
- Action ID
- gov_action1suskjc6c4nw58c6wtmv77xe79gwj47wp4gvh9cqhhxujwxmam3cqqkz5nwj
Votes
- DReps: 20.4% yes, 67% needed, threshold not reached, 65 Yes · 64 No · 30 Abstain.
- Stake pools: do not vote on this action.
- Constitutional Committee: 71.4% yes.
Abstract
# Strike Finance V2 Treasury Deployment Proposal
This governance action requests a **12-month productive treasury deployment of 9,000,000 ADA** into Strike Finance V2 liquidity infrastructure.
This is **not grant funding**. Treasury-owned capital would be deployed to deepen Cardano-native perpetual futures liquidity, increase on-chain trading activity, and generate yield for the Cardano Treasury.
Strike has processed **over 1,130,000,000 USD** in cumulative volume, facilitated **968,000+ trades** across **3,071 unique traders**, generated **over 3,250,000 USD** in profit for liquidity providers, produced **over 1,160,000 USD** in total protocol revenue, and represented **over 50% of Cardano trading activity** during the past six months.
| Allocation | Amount | Purpose | |---|---:|---| | V2 USDM liquidity | 9,000,000 ADA sold for USDM | Support scalable execution depth and stablecoin markets |
The deployed ADA will be **sold for USDM**, Cardano's fiat-backed stablecoin, to provide stablecoin-denominated liquidity. For modeling, this proposal assumes **ADA = 0.15 USD**, making **9,000,000 ADA** approximately **1,350,000 USDM** of stablecoin liquidity. The actual USDM notional will depend on the conversion price at deployment and will be transparently reported.
Under conservative modeled assumptions, the deployment is expected to generate approximately **900,000 ADA-equivalent** in annual yield. Assuming no ADA price change, this would increase the treasury-owned position from **9,000,000 ADA** to approximately **9,900,000 ADA-equivalent** over 12 months. These are modeled estimates, not guaranteed returns.
**A council composed of Rami from Snek, Phil from Surf, and James from Moneta will serve as the administrator for this proposal.** Operational custody of deployed liquidity will be handled through this independent multisig council. Strike Finance will not have unilateral custody or control of treasury assets.
Realized yield from the first six months will be returned to the Cardano Treasury at month 6. At month 12, **100% of treasury-owned deployed assets, including remaining principal and realized yield, will be returned to the Cardano Treasury**. Any further treasury participation would require a new governance proposal.