Pike Finance

We're happy to announce that Pike has received 50,000 $OP tokens through Cycle 22 of the grants program from the Optimism Foundation! Pike was also the second highest scorer of all the successful applicants! https://lnkd.in/g3BgskmM

We are excited to announce that Pike has been approved for 600,000 $ARB tokens - powered by The Arbitrum Foundation's LTIPP program! While an aggressive request, the team is committed to push as hard as possible for everyone within the community - and it passed with 70M ARB in favor!

Pike Purple is the next evolution of the Pike protocol - designed to combat fragmentation and low capital efficiency of liquidity across the entirety of DeFi. Pike Purple is a liquidity hub that allows for lending, borrowing, swaps and transfers between multiple ecosystems and chains - without the need for bridging or wrapped assets. Imagine supplying $SOL as collateral on Solana, then borrowing $USDC on Base against it - without needing to use asset bridge, or wrapped assets. Furthermore, you’ll also be able to transfer/swap assets between chains and ecosystems through Pike Purple, utilizing the universal USDC+ Pool - again, without bridges. Pike Purple?will support ecosystems such as EVM, Solana, Cosmos, Sui, Aptos, and more - this will be enabled by?Monad. It will also support alternative assets like LP tokens, LSTs, LRTs, etc from across DeFi. Pike Purple will also leverage natively cross-chain price feeds from?Pyth Network, and also utilize?Wormhole Messaging, as well as support?NTT-enabled assets?- similar to the already existing support for?Circle CCTP. It serves as a foundation for our long term vision - a Universal Liquidity Protocol that provides a seamless cross-ecosystem experience, without the risks associated with asset bridges and/or wrapped assets.

Thank you for the support and congratulations to everyone who contributed to the Pike Community Presale! ?? You are all the first investors in this journey of redefining DeFi and changing the multichain paradigm. We have raised $6,400,000 from 3,681 amazing individuals. Read on below for a breakdown ??