What is DeFi Spring?
DeFi Spring is an initiative by the Starknet Foundation, offering over 90 million STRK tokens to users of DeFi protocols on Starknet throughout 2024.
Initially, the Starknet Foundation allocated 40m STRK to DeFi Spring. However, on July 1st, they announced an additional 50m STRK, bringing the total to 90m STRK. So, there is still plenty up for grabs.
Every two weeks, STRK rewards are distributed to users by the participating DeFi protocols. All you have to do is provide liquidity, wait, and collect your STRK rewards. It’s that simple.
How can I earn STRK rewards?
Connect your Argent wallet to Starknet’s DeFi protocols, provide liquidity, and earn STRK rewards. Both Argent X and Argent Mobile are eligible for DeFi Spring rewards.
If you do not have a Starknet wallet but want to start earning STRK rewards, download Argent and fund your account.
Which protocols are participating in DeFi Spring?
15 Starknet DeFi protocols are participating in DeFi Spring, split into three groups:
- DEXs
- Borrow and lend
- Perps and options
Earn STRK rewards by providing liquidity to one of the participating protocols. You can find the full list of protocols at the bottom of the DeFi Spring website.
Here are a few of our favourites
Vesu: Starknet’s easiest way to earn yield.
Vesu is a lending and borrowing protocol. Depositing ETH, STRK, USDC, or USDT into Vesu will earn you 12%—15% APR in DeFi Spring rewards. Follow this tutorial if you need help getting started.
Ekubo: Starknet’s DeFi powerhouse.
Ekubo is Starknet’s leading decentralised exchange. Create a position on Ekubo with any of the DeFi Spring pairs to earn STRK rewards. Our step-by-step guide will help you get started.
Nimbora: Earn yield and points from DeFi protocols.
Nimbora is a DeFi pooling protocol. With its yield strategies, you can earn STRK rewards, yield, and points by depositing into its Earn pools. Nimbora is invite-only; use this code to access it and receive a 20% boost on Nimbora points.
When will DeFi Spring end?
DeFi Spring will be live until at least 31 December 2024, so there’s plenty of time left to earn your share of the rewards. Any additional extensions will be communicated ahead of time.
Download Argent and use Starknet’s DeFi protocols to start earning rewards.
