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Strike (STRK) is a decentralised finance (DeFi) protocol built on the Ethereum blockchain, designed to facilitate the seamless borrowing and lending of cryptocurrencies. Initially launched to address inefficiencies in traditional finance through smart contract-enabled decentralised applications, Strike enables users to earn interest on their crypto holdings while also allowing them to borrow against their collateral. By integrating a proprietary governance model, STRK token holders participate in the decision-making process to guide future developments and improvements within the protocol. Strike leverages the power of DeFi to provide a decentralised, permissionless alternative to traditional banking systems, thus empowering users with more control over their financial assets.
