> For the complete documentation index, see [llms.txt](https://docs.strikefinance.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.strikefinance.org/perpetuals/vaults/strike-lp-vault-liquidity-program.md).

# Strike LP Vault Liquidity Program

**Strike covers SLP Vault losses for a full year — July 4, 2026 to July 4, 2027.**

Today we're excited to announce the Strike Liquidity Program, where Strike will cover any potential losses incurred by capital deposited into the Strike Liquidity Provider (SLP) Vault. We expect the vault to make good money — it's already earning around a 20% APR — but this initiative protects against downside risk.

Over the past year, Strike has grown into one of the most active trading venues in the Cardano ecosystem. As volume and participation have increased, one thing has become clear: deep, reliable liquidity is the foundation that makes everything else possible.

Every trade, every position, and every market on Strike depends on liquidity. Without it, there is no efficient execution, no tight spreads, and no scalable growth. The next phase of Strike is about strengthening that foundation and opening it up to users in a meaningful way.

Today, we are introducing a new opportunity to participate directly in powering Strike markets.

By depositing into the Strike LP Vault, users provide the liquidity that trades rely on across all active pairs. Protection applies to all depositors to the vault, regardless of which asset they deposit. This capital is not idle. It is actively deployed through a market making system designed to continuously quote and manage positions across the platform. The same core principles used by professional market makers in global financial markets are applied here, allowing the system to operate efficiently while generating yield from trading activity.

What makes this particularly compelling is a protection mechanism designed to remove the primary barrier to participation.

Strike will cover any losses incurred by capital deposited into the LP Vault — for a full year, up to $2M USD total in the vault. Any covered losses are repaid directly from the Strike treasury.

This means users can participate in powering the market without taking on downside risk. Capital is actively deployed, earns yield from trading activity, and is protected against losses for the duration of the program.

### Strike Liquidity Provider Vault

Most users interact with markets as traders, taking positions and reacting to price movements. The LP Vault offers a different role. Instead of trading within the market, users can power the market itself. Every trade executed on Strike is supported by this liquidity.

The system behind the vault has been built with a focus on performance and reliability, drawing from market making strategies designed to operate in high-volume environments. Rather than passive lending, this is active participation in the core engine that drives trading.

As Strike continues to expand across assets and ecosystems, the importance of scalable liquidity will only increase. The LP Vault is the first step in opening that layer to users in a way that is both accessible and aligned with long-term growth.

### Program Terms

Any losses covered under this program are paid off from the Strike treasury.

* **1 year of coverage.** Runs July 4, 2026 to July 4, 2027.
* **Up to $2M USD total in the vault.** Coverage applies across the vault up to a combined cap of $2M USD in deposited capital.
* **3 months minimum in the vault.** Capital must remain deposited for at least 3 consecutive months to qualify for loss coverage. Coverage runs 3 months from each deposit, so late deposits stay covered even if that period extends past July 4, 2027.
* **Depositing late?** Coverage always runs a full 3 months from your deposit date. For example, a deposit in month 9 (around April 2027) is covered for 3 months from that date — extending past the program's July 4, 2027 end — subject to the $2M vault cap.
* **Already in the vault before July 4, 2026?** You're still covered — under your original terms. See Already in the Vault? below.
* **All depositors are covered.** Protection applies to every depositor to the vault, regardless of which asset they deposit.
* **Only capital deposited at the time is covered.** Coverage applies to the capital deposited at the time of enrollment — it does not automatically extend to amounts added later.
* **Paid from the Strike treasury.** Any covered losses are made directly from the Strike treasury.

### Already in the Vault?

If you deposited into the SLP Vault **before July 4, 2026**, you are already enrolled and remain covered. Nothing changes for you, and no action is required.

* **Your clock started when you deposited — not today.** The time your capital has already spent in the vault counts. Nothing resets to the relaunch date, and no re-deposit is needed.
* **You qualify at 1 month, not 3.** Existing depositors keep the original **1-month minimum hold** to qualify for coverage. The new **3-month minimum** applies only to deposits made from July 4, 2026 onward.
* **Coverage runs 3 months from your deposit — same as it always did.** The loss-coverage duration is unchanged; it simply runs from your original deposit date. Existing capital is automatically included, subject to the $2M vault cap.

In short: pre-existing liquidity providers are grandfathered in. Your time in the vault carries over from your original deposit, you qualify at the easier 1-month threshold, and your prior deposit is honored exactly as it was.

### Quick Guide

1. **Fund your account.** There are a few places to deposit. When prompted, supply either ADA or USDM.
2. **Deposit into the SLP Vault.** After funding your account, go to the vault section and deposit your funds into the Strike Liquidity Provider (SLP) vault.
3. **Hold for at least 3 months.** All liquidity providers who supply for at least 3 consecutive months are eligible. You can withdraw at any time after the 3 months; potential payouts occur after the program completes. *(Already deposited before July 4, 2026? Your original 1-month minimum still applies — see above.)*