Strike Finance
Perpetual futures and leveraged trading on Cardano — decentralized derivatives similar to Hyperliquid
What is Strike Finance?
Strike Finance brings perpetual futures and leveraged trading to Cardano — the first decentralized derivatives protocol on the network comparable to Hyperliquid or GMX on other chains. It allows traders to open long or short positions on Cardano assets with leverage, without giving up custody.
Key Features
Perpetual Futures
Trade perpetual contracts on Cardano assets with up to 10x leverage. Go long or short without an expiry date, just like on centralized perpetual exchanges.
On-chain Settlement
All positions, margin, and liquidations are handled by Cardano smart contracts. No centralized order matching or custody risk.
Funding Rate Mechanism
Perpetuals stay anchored to spot prices through a funding rate paid between longs and shorts. This ensures the perpetual price tracks the underlying asset.
eUTXO-Native Architecture
Strike Finance is engineered for Cardano's eUTXO model, one of the most technically challenging environments for derivatives — a significant engineering achievement.
How to Use Strike Finance
- 1
Visit strikefinance.org and connect your Cardano wallet
- 2
Deposit margin (collateral) to fund your trading account
- 3
Select the asset pair and choose long or short
- 4
Set your leverage level and position size
- 5
Monitor your position — manage margin to avoid liquidation
Frequently Asked Questions
What is a perpetual future?
A perpetual future is a derivative contract that lets you speculate on an asset's price with leverage, without an expiry date. You profit if the price moves in your direction, and lose if it moves against you.
What leverage does Strike Finance offer?
Strike Finance offers leveraged trading on Cardano assets. Check the platform for current maximum leverage levels, which can vary by asset.
What happens if I get liquidated?
If your margin falls below the maintenance requirement due to adverse price movement, your position is liquidated and your margin is used to cover the loss. Always use stop-losses and manage position sizes carefully.
Is Strike Finance audited?
Strike Finance is a newer and technically complex protocol. Review their audit documentation carefully before trading with significant capital. Derivatives carry higher risk than spot trading.