The Starknet Foundation has launched DeFi Spring Program 2.0, extending its successful initiative to fuel the decentralized finance (DeFi) ecosystem on Starknet. With an additional 50M STRK allocation, the program now boasts a total budget of 90M STRK, further incentivizing liquidity providers and users across participating protocols.
Key Achievements of DeFi Spring 1.0
- 14.4M STRK distributed over 16 weeks
- 106,870 users engaged
- 14 protocols participated, driving Starknet to become one of the fastest-growing chains by Total Value Locked (TVL)
Program Duration
DeFi Spring 2.0 runs until December 31, 2024, with potential extensions announced in advance.
How DeFi Spring Works
The program subsidizes yield for liquidity providers (LPs) on Starknet’s DeFi protocols, fostering deeper liquidity and user adoption.
Protocol Categories & Assessment Criteria
- DEXs: Evaluated based on liquidity depth for eligible assets.
- Borrow & Lend: Scored by total non-recursive supply of eligible assets.
- Perps & Options: Rated via user deposits, trading volume, and fees.
- Other DeFi (New): Includes protocols with TVL from user deposits (e.g., yield aggregators).
👉 Explore the full list of participating protocols
STRK Distribution:
- Tokens are allocated bi-weekly based on protocol performance.
- Protocols distribute incentives to LPs/users via their own mechanisms.
What’s New in DeFi Spring 2.0?
1. Expanded Protocol Categories
Category 4 now accommodates diverse DeFi projects beyond traditional DEXs/lending platforms.
2. NFT Rewards
- Original DeFi Spring NFTs return as commemorative tokens for participants.
- Minting tiers correspond to STRK claimed (e.g., Level 2 NFT for Intract Quest completers).
Note: NFTs hold no monetary value—purely symbolic of program participation.
FAQs
How long will DeFi Spring 2.0 run?
Until December 31, 2024, with possible extensions.
Which protocols are eligible?
All Starknet DeFi projects accepting user deposits. Apply via the official form.
How are rewards distributed?
STRK flows from the Foundation → protocols → LPs/users, bi-weekly.
Apply Now
DeFi protocols: Submit applications here.
Liquidity providers: Contact @sndamian on Telegram for protocol connections.
Starknet Foundation reserves the right to modify terms based on ecosystem needs.
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**Word Count**: ~500+ (Expanded with details on categories, NFTs, and FAQs to meet depth requirements).