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AboutProtocolsYieldsMint

About
DeFi Spring

Earn additional yield on your Starknet LP and capital allocator investments with the DeFi Spring Program.

PROGRAM LENGTH

DeFi Spring will be live at least until the end of the 90M STRK budget. Any extensions beyond this will be communicated on this page.

PROGRAM
DETAILS

On February 18, 2024, the Starknet Foundation announced the launch of DeFi Spring with an initial budget of 40M STRK.

On July 1st, the Starknet Foundation announced the extension of DeFi Spring until at least December 31, 2024 with an additional budget of 50M STRK.

As part of DeFi Spring, the Starknet Foundation worked with OpenBlock Labs to design a fair & equitable distribution of STRK tokens to participating DeFi protocols.

Participating protocols are sorted into four categories, each with its own assessment criteria:

  • DEXs - depth of liquidity for eligible assets
  • Borrow & Lend - total non-recursive supply for eligible assets
  • Perps & Options - total deposits, volume and fees for eligible pairs
  • Other - total deposits for eligible assets.
STRK is distributed directly from the Foundation to the participating protocols on a weekly basis based on each protocol's performance.

Participating protocols then distribute the incentives they've received onwards to their LPs & users through their own programs.

PROGRAM PARTICIPANTS

You can view a full list of all participating Starknet protocols here.

Apply Now If you're a DeFi protocol and you would like to join DeFi Spring.

If you're a liquidity provider and you're interested in being connected to any of the participating protocols, please message @sndamian on Telegram.

ELIGIBLE ASSETS

faq

Frequently Asked Questions

The Starknet Foundation will distribute STRK allocations to participating protocols on a weekly basis. Participating protocols are responsible for distributing these incentives to their users.