Starknet DeFi Spring: The Master Guide To Earn STRK

Starknet DeFi Spring is an incentive program created by Starknet to reward DeFi users with STRK, offering a fun and gamified experience.

Starknet

• Feb 29, 2024

• 2 min read

Why Engage in Starknet’s DeFi Spring?

Imagine stepping into a world where your engagement with decentralized finance (DeFi) not only contributes to the growth of an innovative ecosystem but also rewards you directly for your participation.

Starknet’s DeFi Spring offers just that—a unique opportunity to be at the forefront of DeFi evolution while earning STRK tokens.

Earn STRK Rewards

By interacting with Starknet’s participating protocols during the DeFi Spring, you position yourself to earn STRK tokens. By the way, if you want to know what the STRK token is, read this article.

Here’s how it works: Starknet protocols participating in DeFi Spring receive a distribution of 40M STRK tokens over six to eight months. But here’s the best part: these protocols then distribute 100% of these tokens to you, the user, based on your engagement and participation. STRK tokens are distributed every two weeks.

Whether you’re providing liquidity, lending, borrowing or engaging in more advanced DeFi activities, your contributions are recognized and rewarded.

Did you know that the DeFi Spring will continue until approximately October 2024? Yes, there’s still some time for you to get involved.

Participating Protocols

Another detail that many people are unaware of is that the Starknet DeFi Spring is unfolding in three phases. The first phase focuses on Decentralized Exchanges (DEXs), the second on Money Markets, and the third on Perpetuals and Options.

Here is the list of the DeFi Spring participating protocols:

Phase 1: DEXs

Start Date: 22 February 2024

mySwap
10KSwap
Ekubo
Haiko
Jediswap
Nostra Swap
SithSwap
StarkDeFi

In all the DEXs, 7 liquidity pools enable you to earn STRK:

STRK/ETH
STRK/USDC
ETH/USDC
USDC/USDT
wstETH/ETH
USDC/DAI
WBTC/ETH

If you want to check the current APR on the pools, visit the MySwap reward page.

Phase 2: Money Markets

Start Date: 14 March 2024

zkLend
Nostra Money Markets
Vesu
Nimbora
Hashstack

Phase 3: Perpetuals & Options

Start Date: 21 March 2024

Carmine
ZKX

One more detail that might not be widely known is that you’ll need to wait two weeks before you can claim your STRK rewards. As an example, this means that for zkLend, you’ll have to wait until March 21, 2024, before you can claim your STRK rewards.

Embark on Quests for Additional Rewards

DeFi Spring isn’t just about token distributions. It introduces Quests—on-chain tasks that offer a dynamic and interactive way to engage with the ecosystem.

Every other day, a new quest appears, inviting you to complete tasks that not only deepen your involvement in Starknet’s DeFi landscape but also earn you experience points (XP). Quests will run until the 22nd of March 2024 and there will be 15 quests in total.

And for those who love the blend of art and technology, completing these quests can earn you unique NFT artworks as proof of your achievements.

How Can You Participate?

To participate in the Starknet DeFi Spring and potentially earn STRK, you need to download Braavos, a smart contract wallet to interact with Starknet. Braavos is the fastest-growing wallet on Starknet and benefits from the highest level of security (2FA & 3FA).

Download Braavos now to start your DeFi Spring adventure.