## What Is Strips Finance (STRP)?

Strips Finance is a platform that allows users to trade interest rate derivatives. Our exchange allows for the trading of interest rate swaps derivatives, allowing users to swap variable interest rates for fixed rates in any yield farm or funding rate. Strips Finance offers leverage, 24/7 liquidity and the best yield farms to trade. Strips Finance aims to be the foundation infrastructure layer for future decentralised finance fixed-rate products.

STRP is the native utility token that is used for:

* Providing liquidity in the AMM
* Used for governance votes
* Collecting rewards

Strips Finance product roadmap includes

* Perpetual interest rate swaps derivatives exchange
* Improved AMM with 24/7 liquidity
* Perpetual bonds issuance and secondary trading
* Fixed rate deposits
* Fixed term bonds
* APIs for third party bond issuance

## How Many STRP tokens Are There in Circulation?

Strips Finance launched its token on September 29, 2021 with 5,000,000 tokens created at genesis. 16,000,000 tokens are planned to be issued each year to the community over the next three years. A user must hold STRP tokens to provide liquidity into the AMM and insurance pools

### Who Are the Founders of Strips Finance?

Ming Wu founded Strips Finance, a seasoned professional high-frequency derivatives trader with extensive experience in building high-frequency trading systems and strategies. Having built three different trading desks in the past, he has a deep knowledge of market microstructure, programming languages, and project management. They now consist of a team of highly talented developers with global operations around the world.

They were frustrated with the lack of ability to get a fixed yield in DeFi and began working on a project to allow users to lock in their yields from various DeFi protocols seamlessly. In addition, allowing users to speculate on yields in DeFi easily.

### Where Can I Buy Strips tokens (STRP)?

STRP is available for trading on a growing number of exchanges, with cryptocurrency and [stablecoin](https://coinmarketcap.com/alexandria/article/what-is-a-stablecoin) pairs currently available.

[Binance](https://coinmarketcap.com/exchanges/binance/) offers the largest number of pairs as of October 2020, while [Huobi Global](https://coinmarketcap.com/exchanges/huobi-global/) also offers [Bitcoin](https://coinmarketcap.com/currencies/bitcoin/) (BTC), [Ethereum](https://coinmarketcap.com/currencies/ethereum/) (ETH) and [Tether](https://coinmarketcap.com/currencies/tether/) (USDT) options.