Original source: Odaily Planet Daily
Original author: Azuma
On the evening of February 29th, Beijing time, the Starknet Foundation posted on the X platform that it will cooperate with OpenBlock to launch the Starknet DeFi Spring plan starting on February 22, 2024, and will distribute 40 million STRKs as incentives to DeFi protocols participating in the plan over a period of six to eight months.
According to the Starknet Foundation, STRK rewards will be determined and distributed every two weeks, which means that the first batch of rewards will be issued two weeks after February 22 (March 7). At that time, each protocol participating in the Starknet DeFi Spring plan will distribute all STRK received to users, but each protocol can independently design its own distribution plan, that is, each may have different requirements for user interaction behavior.
The official interface shows that 14 protocols have confirmed that they will participate in the Starknet DeFi Spring plan, which divides all the protocols to be involved into three categories:
The first category is DEX protocol, and the task will be launched first on February 22;
The second largest category is loan agreements, and the task will start on March 7;
The third category is derivative agreements such as options and contracts, and the task will begin on March 14.
Below is Odaily Planet Daily’s summary of the basic information and task requirements (if disclosed) for all proposed agreements.
Category 1: DEX Protocol (launched on February 22)
Project 1: Ekubo
Official X account: https://twitter.com/EkuboProtocol
Official website: https://ekubo.org/
Mission: Provide liquidity for four trading pairs including STRK/ETH, STRK/USDC, ETH/USDC, and USDC/USDT.
Project 2: Jediswap
Official X account: https://twitter.com/JediSwap
Official website: https://www.jediswap.xyz/
Mission: Undisclosed
Project 3: mySwap
Official X account: https://twitter.com/mySwapxyz
Official website: https://www.myswap.xyz/
Mission: Provide liquidity for four trading pairs: STRK/USDC, STRK/ETH, ETH/USDC, USDC/USDT. Fee levels are optional.
Project 4: 10K Swap
Official X account: https://twitter.com/10KX_Global
Official website: https://10kx.com/
Mission: Undisclosed
Project 5: Haiko
Official X account: https://twitter.com/haikoxyz
Official website: https://www.haiko.xyz/
Mission: Provide liquidity for four trading pairs including STRK/USDC, STRK/ETH, ETH/USDC, and USDC/USDT. The larger the liquidity position, the greater the reward; the closer the position is to the market price range, the greater the reward.
Project 6: Nostra Swap
Official X account: https://twitter.com/nostrafinance
Official website: https://nostra.finance/
Mission: Provide liquidity for four trading pairs including STRK/USDC, STRK/ETH, ETH/USDC, and USDC/USDT.
Project 7: SithSwap
Official X account: https://twitter.com/sithswap
Official website: https://sithswap.com/
Mission: Provide liquidity for three trading pairs including STRK/USDC, STRK/ETH, and USDC/USDT.
Project 8: StarkDeFi
Official X account: https://twitter.com/StarkDefi
Official website: https://www.starkdefi.com/
Mission: Provide liquidity for four trading pairs including USDC/USDT (0.04% stable rate pool), ETH/USDC (0.3% volatility pool), STRK/ETH (0.3% volatility pool), and STRK/USDC (0.3% volatility pool).
The second category: lending protocols (launched on March 7)
Project 1: zkLend
Official X account: https://twitter.com/zkLend
Official website: https://zklend.com/
Mission: Undisclosed
Project 2: Nostra Money Markets
Official X account: https://twitter.com/nostrafinance
Official website: https://nostra.finance/
Task: The rules for the lending part are not disclosed, and the rules for the trading part can be found in the first category Nostra Swap.
Project 3: Nimbora
Official X account: https://twitter.com/nimbora_
Official website: https://www.nimbora.io/
Mission: Undisclosed
Project 4: Vesu
Official X account: https://twitter.com/vesuxyz
Mission: Undisclosed
Category 3: Derivatives Protocol (launched on March 14)
Project 1: ZKX
Official X account: https://twitter.com/zkxprotocol
Official website: https://zkx.fi/zh
Mission: Undisclosed
Project 1: Carmine
Official X account: https://twitter.com/CarmineOptions
Official website: https://carmine.finance/
Mission: Details have not been disclosed, but officials roughly mentioned that it will be “staking, trading, and obtaining incentives.”
Peripheral activities and NFT rewards
In addition to all the direct incentive interactions mentioned above, to celebrate the launch of the Starknet DeFi Spring program, the Starknet Foundation will also launch a round of peripheral task activities with Intract.
Starting from February 22nd, until March 22nd, 2024, the Starknet Foundation will release a new task every two days, with a total of 15 tasks for users to complete and earn experience points (XP). After the event, the Starknet Foundation will provide four NFT artworks designed by IMCMPLX, the creative artist behind 0 n 1 Force, as proof and reward to users who complete the tasks.
Starknet Foundation, this NFT will be the only reward directly related to completing the task. However, since the event will be launched simultaneously with the Starknet DeFi Spring plan, there will be a certain overlap in tasks, and users can use this to obtain STRK incentives through various DeFi protocols.
