Strudel Token (TRDL)
Last updated
Last updated
The gas to vBTC/vBCH’s engines, The Strudel Token (TRDL or $TRDL) serves as the governance token for the Strudel protocol as well as an incentive for using the Strudel bridges and providing liquidity. Furthermore, TRDL can also be pooled on various protocols with economic incentives, including , allowing users to compound earnings. As Strudel continues to expand cross-chain, the TRDL is now available on Ethereum, Polygon, and Binance Smart Chain with plans to further increase utility and liquidity in the near future.
Strudel has recently adopted a revolutionized governance system where TRDL is used to give the community a voice in instituting changes to the protocol. We are open to feedback and eager to have community members have a more active role in Strudel’s development. Beyond the utility of governance, TRDL lockups inherent in the governance system will lower circulating supply and add holding incentive, naturally leading to an increased TRDL value. Furthermore, TRDL incentives are provided for those who choose to lock their tokens for use in governance. These will be automatically distributed when unlocking. The Return on Investment (ROI) for governance lockups is a function of the number of weeks users choose to lock up their tokens, ranging from 1-52 weeks, and the size of the stake. The interest gained on TRDL deposits starts at 10% for a 100 TRDL deposit for 52 weeks and tapers down as the amount staked increases. This ensures we can guarantee a fixed rate to all users who wish to be more involved with the TRDL community.