AGA and Strudel announced strategic partnership

We are thrilled to announce that AGA and Strudel, the first trustless bridge for Bitcoin into Ethereum has agreed to a strategic partnership.

AGA has recognized the potential of vBTC and vBCH to enhance their token model by participating in Strudel yield farming programs throughout DeFi. Furthermore, Strudel will facilitate a solution that instantly converts AGA mining rewards (BTC, BCH) into vBTC and vBCH by utilizing the respective Strudel bridges. This will be a major milestone as Strudel onboards more miners who want to have the value they have earned available in DeFi protocols without intermediaries or trusted third parties. This regular supply of assets crossing the bridge will also benefit the Strudel farms due to the bonus multiplier boost.

“We are happy to partner with AGA and bring fresh BTC into the DeFi ecosystem,” commented Ataxia, Strudel Product Designer.

In addition, the AGA and TRDL development teams have exchanged tokens to signal this partnership and initiate our long term relationship.

“The Strudel Protocol has the potential to play a major role in the tokenized Bitcoin landscape. By providing a truly different product they stand apart from other projects in the space. The AGA team is thrilled to participate in the project and will be looking to leverage the opportunities within for a long period of time,” said Tomasz Wojewoda, founder and CEO AGA regarding the partnership.