TechFlow reported on February 12 that fixed-income trading platform Strips has announced the launch of its mainnet Beta for the decentralized interest rate derivatives exchange (IRX) on Arbitrum. Steven Goldfeder, co-founder and CEO of Arbitrum, said, "We're excited to welcome StripsFinance to the Arbitrum ecosystem. StripsFinance's interest rate trading offers investors an excellent tool for DeFi yield farming and leveraged trading to hedge against price volatility." In October 2021, StripsFinance previously raised $8.5 million in funding, with participation from Sequoia Capital India and Multicoin Capital.
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