TLDR
- Charles Hoskinson praised Cardano DeFi after Strike Finance reported stablecoin returns exceeding 54% APR.
- Strike Finance combined RealFi yield products with its borrowing and liquidity vault services.
- RealFi reportedly issued over $7.6 million in stablecoins and tokenized funds on Cardano.
- RealFi’s total value locked surpassed $5.1 million, according to figures attributed to Token Terminal.
- Strike’s advertised yields remain variable, while collateral-backed borrowing carries liquidation risks.
Cardano founder Charles Hoskinson praised the network’s decentralized finance sector after Strike Finance reported an annual percentage rate above 54% for a USD stablecoin vault. The update followed Strike’s integration with RealFi.
Charles Hoskinson Responds to Strike Finance
On October 15, Hoskinson wrote on X, “Not bad, Cardano. Looks like we got the best DeFi.”
His response followed Strike’s announcement of a new advertised return for deposits into its liquidity vault.
Not bad Cardano. Looks like we got the best DeFi https://t.co/EBwr0MYQWV
— Charles Hoskinson (@IOHK_Charles) October 15, 2026
Strike operates a perpetual futures trading platform on Cardano and wants to attract more capital. “We want billions…” the project posted. Cardano stake pool operator Sssebi welcomed Hoskinson’s public support for developers.
The update came as EU regulators designated Circle’s USDC for direct supervision on October 15, effective November 12. Those rules do not cover Strike’s offering.
RealFi Reports More Than $5 Million Locked
Cardano ambassador Angry Crypto Show said RealFi had issued more than $7.6 million in stablecoins and tokenized funds. Token Terminal data placed RealFi’s total value locked above $5.1 million at the time. That total covers RealFi overall, not solely its Strike Finance integration.
RealFi brings traditional assets onto Cardano. Its products include exposure to lending, U.S. Treasury securities, and other investments. Strike lets eligible users borrow USD against supported collateral and deposit funds into vaults through its Borrow & Earn service.
JPMorgan also expanded its JPM Coin deposit token to Ethereum for institutional customers. Unlike Strike’s offering, JPM Coin represents bank deposits rather than access to an investment vault.
Higher Returns Come With Borrowing Risks
Strike previously promoted annual rates of up to 50% on USD. Its October 15 announcement raised the advertised APR above 54%. The figure describes an annualized rate under current conditions, not a fixed payment.
Rates can change with vault activity. An October 18 report listed a 49.31% APR for sUSDrf positions on Strike. Borrowers also face liquidation if their collateral falls below the platform’s requirements.
The risks come as deposits in crypto lending vaults reportedly surpassed $10 billion, amid concerns about lending strategies and collateral quality. Strike has not promised to maintain its advertised return for an entire year.
Hoskinson had praised the RealFi partnership a day earlier. The platform’s reported issuance and locked funds cover different measures, and neither figure shows how much Strike has earned from the integration.
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