what's Spreads Finance?

Spreads Finance is a DeFi protocol bridging the $100 trillion traditional stock market to on-chain finance. Users can trade equities 24/7 without KYC via the Spreads Terminal at terminal.spreads.fi, enabling one-click buy/sell of tokenized stocks. It offers a suite of products including yield and points vaults that passively generate returns through market-neutral derivative strategies on tokenless perpetual futures markets, deployed primarily on Ethereum. The protocol recently gained attention by securing 2nd place in the xStocks hackathon hosted by xStocksFi, Kraken, and Ink. Their winning demo, "Stretch by Spreads," focuses on a single tokenized asset—the on-chain version of MicroStrategy's $STRC preferred stock—unlocking leverage and yield primitives, advanced trading tools, and gamified savings mechanisms on the Ink blockchain (Optimism Superchain).

Spreads Finance integrates Saylor's BTC-linked STRC for composable DeFi strategies, leverage, and buying.