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Stryke

Stryke

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About Stryke

Stryke is a decentralized options protocol focusing on maximizing liquidity and enhancing gains for option buyers while minimizing losses for option writers, offering tools like the Concentrated Liquidity Automated Market Maker (CLAMM) for intuitive on-chain options trading.

DeFi

Stryke is a decentralized options trading protocol designed to bridge the gap between advanced financial instruments and DeFi accessibility. Born as an evolution of the Dopex protocol, Stryke focuses exclusively on delivering a next-gen options experience, complete with cross-chain capability, high-capital efficiency, and flexible options structures that suit both retail and institutional traders.

Through innovative features like the CLAMM (Concentrated Liquidity Automated Market Maker) and powerful integrations with Uniswap V3 and LayerZero, Stryke enables composable, dynamic, and transparent trading and liquidity provision — all governed by decentralized mechanics and enhanced through a growing multi-chain ecosystem.

Stryke is a cross-chain, decentralized options protocol that expands on the legacy of Dopex by refining on-chain derivatives through a robust architecture built for scalability, flexibility, and capital efficiency. The core product, CLAMM, fuses the principles of concentrated liquidity from Uniswap V3 with customizable options contracts, creating a market where liquidity providers and option traders coexist with optimized returns and strategic flexibility.

With CLAMM, liquidity providers define ranges where they provide depth, and that same liquidity is repurposed for options premium generation when those ticks are used in options execution. The architecture allows for a dual-income strategy — one through swap fees and another through writing options — transforming idle capital into active yield engines. Liquidity is tick-based, and options are settled via a flexible expiration schedule, ranging from 1 hour to 7 days, and strike prices are mapped to Uniswap ticks for efficient and scalable deployment.

The protocol operates on a growing list of L2s and alt-L1s, including Arbitrum, Mantle, Blast, Base, Sonic, and Berachain. Traders gain access to pairs like ARB/USDC, WETH/USDC, WBTC/WETH, and many long-tail assets. The cross-chain support is enabled by LayerZero and Chainlink CCIP, ensuring seamless movement of data and functionality across ecosystems.

The native token, SYK, underpins ecosystem incentives, governance, and emissions. Through xSYK staking and the Reward Gauges system, community members can direct emissions and secure protocol-wide benefits. With features like auto-exercise, limit-exercise, and volatility-based oracles powered by the Black-Scholes model, Stryke is the most comprehensive LPDfi-native protocol available. Competitors in the space include Ribbon Finance, Derive, and Opyn, but Stryke’s CLAMM model and rights-preserving liquidity provision make it uniquely scalable.

Stryke provides a feature-rich on-chain options trading experience designed for high performance, broad accessibility, and DeFi-native flexibility:

CLAMM Infrastructure: Combines concentrated liquidity and options trading for optimal capital efficiency and yield.
Short-Term Intraday Options: Trade with expiry windows as short as 1 hour for agile volatility plays.
Auto and Limit Exercise: Enable automated or conditional execution to lock in profits without constant monitoring.
Cross-Chain Support: Integrated with LayerZero and CCIP for seamless multi-chain operations.
Implied Volatility Integration: Powered by Black-Scholes pricing and market-sourced IV data.
xSYK Staking: Stake SYK to receive governance power and emissions participation via Reward Gauges.
Protocol-Owned Liquidity: 100% of protocol fees are directed to POL, strengthening overall liquidity resilience.

Stryke is designed for both new and experienced options traders. Here's how to get started:

Visit stryke.xyz and connect your Web3 wallet.
Choose a supported market (e.g., ARB/USDC, WETH/USDC) and review available call and put options.
Select your expiration time and strike price using the CLAMM interface.
Enable optional features like auto-exercise or limit-exercise for automation.
As a liquidity provider, deploy capital in your preferred tick ranges and earn options premiums and swap fees simultaneously.
Stake SYK to receive xSYK, vote on emissions through Reward Gauges, and participate in ecosystem governance.
Review detailed docs at docs.stryke.xyz or reach out via Discord and Twitter for community support.

Stryke FAQ

CLAMM stands for Concentrated Liquidity Automated Market Maker. It's a system that combines Uniswap V3-style tick-based liquidity with options trading. Liquidity providers can earn from both swap fees and options premiums when ticks are utilized for options. This dual-income mechanism boosts capital efficiency and lets traders benefit from precise, range-based liquidity for executing sophisticated strategies. Learn more at Stryke.
Stryke uses advanced interoperability protocols like LayerZero and Chainlink CCIP to support cross-chain functionality. This allows traders and liquidity providers to access Stryke’s options markets across chains like Arbitrum, Mantle, Base, and Blast. It ensures seamless trading, liquidity movement, and feature parity regardless of which blockchain you're using.
Stryke offers two innovative features for executing options: auto-exercise and limit-exercise. Auto-exercise allows ITM (in-the-money) options to be exercised automatically 5 minutes before expiration, for a small fee (1% of PnL). Limit-exercise lets users set a specific price target where the option will be exercised automatically. These tools give traders more control and reduce the need for constant monitoring, improving capital efficiency and reducing manual errors.
SYK is the utility and governance token of the Stryke ecosystem. When staked, it converts into xSYK at a 1:1 ratio. xSYK holders earn governance rights and can vote on Reward Gauges, directing emissions to different pools and products. They also earn incentives for locking tokens. xSYK can be redeemed for SYK after a vesting period: 50% after 7 days or 100% after 6 months. This encourages long-term participation and ecosystem growth.
Liquidity providers on Stryke earn dual rewards: swap fees for out-of-range liquidity and options premiums for ticks used in options contracts. The CLAMM model allows LPs to define price ranges for capital deployment, enabling tighter spreads and higher efficiency. Stryke also integrates with external platforms like Uniswap, PancakeSwap, and Agni, extending LP participation across ecosystems. LPs may also benefit from Reward Gauges if emissions are directed to their pools.