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Starknet: the home of sustainable yield on BTC

The Starknet Foundation is committed to making Starknet the main destination for putting BTC to work in DeFi. At the core of this vision is Starknet's emergence as the leading hub for BTC-backed borrowing. With this goal in mind, the Foundation launched BTCFi Season, a program designed to support ecosystem protocols that enable highly liquid BTC pools on DEXs and Money Markets and borrowing of stablecoins against BTC.

The program aims to set a BTC-centric DeFi flywheel in motion that will unlock productive capital flows on Starknet and ensure its long-term ecosystem growth.

The Starknet Foundation worked closely with OpenBlock Labs to design a fair and equitable allocation of STRK tokens to participating DeFi protocols. STRK is distributed directly from the Foundation to the participating protocols on a weekly basis, based on each protocol's performance. These protocols then allocate the STRK tokens to their users through their own programs.

Frequently Asked Questions

How will STRK distribution work?

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

I am a protocol. How can I take part in BTCFi Season?

If you're a protocol and would like to take part in BTCFi Season, reach out to Gol on Telegram (@kongol17) and apply through this link.

I am a user. How can I participate in BTCFi Season?

If you're an individual interested in participating in BTCFi Season, you can explore the participating protocols and their respective programs to see how engagement may qualify for STRK allocations, subject to each protocol's terms.

I am a user. How do I access my STRK allocation?

Users may access STRK tokens directly on the eligible DeFi application in which they have been active. Visit the relevant applications' claim page, and you will be able to access your STRK at the end of each period.

I am a user. When can I access my allocated STRK tokens?

STRK tokens are distributed on a weekly basis. Visit the dedicated access pages of each participating protocol to see when you can access your allocation.

What happens if I don't collect my STRK tokens?

Any STRK amounts not retrieved by participants at the end of Starknet's BTCFi Season will be returned back to the Foundation.

What is the connection between the Starknet Foundation and the participating protocols?

  • The DeFi protocols mentioned in this blog post are independent from the Starknet Foundation and are not owned, operated or controlled by the Starknet Foundation.
  • Users who engage with DeFi protocols do so at their own risk and subject to the terms and conditions set forth by each respective DeFi protocol. The Starknet Foundation has no relationship with the individual users.
  • The Starknet Foundation does not endorse or recommend any specific DeFi protocol. Users are encouraged to conduct their own research and to exercise caution before engaging with any such protocol.
  • Users are solely responsible for their own decisions and actions and assume all risks associated with utilising the respective DeFi Protocols.
  • Users should be aware that DeFi, as a category, involves inherent financial risks, including the potential for total loss of invested assets.
  • The Starknet Foundation disclaims any and all liability for losses that users may incur through their use of DeFi protocols.
  • Users and DeFi Protocols are responsible for complying with any applicable laws, regulations, or restrictions applying to them in either availing of or providing DeFi services (as the case may be).
  • The information provided in this post is for informational purposes only and should not be construed as financial, investment or legal advice. Users should consult with a qualified financial advisor before making any investment decisions.
  • The Starknet Foundation reserves the right to discontinue BTCFi Season at any time.
  • This website should not be considered an offer to the public or to any particular DeFi protocol.

How is this program different from DeFi Spring?

BTCFi Season focuses exclusively on Bitcoin assets and is available for DEXs and Money Markets only.

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