📣🚨The Starknet Foundation is very excited to announce the launch of BTCFi Season, a new program to bootstrap BTC activity on Starknet, with a focus on low-cost, BTC-backed loans.
100M STRK will be distributed over a period of 6+ months to participating DeFi protocols to support:
• BTC Liquidity on DEXs
• BTC Liquidity in Lending Markets
• Borrowing stablecoins against BTC
Starknet is set to become the most efficient and cost-effective place to borrow against BTC collateral unlocking productive flows that power a sustainable DeFi flywheel. 🔁
Starting September 30th, participating DeFi protocols will allocate and distribute their STRK to users on their platform based on incentive rewards programs that they design, announce and execute.
A diverse set of BTC assets will be available for use in supported activities across participating protocols.
Learn more about participating protocols and assets here: btcfiseason.starknet.org
Read the full announcement for program details:
starknet.io/blog/starknet-fou…
Find eligible protocols below
🚀 Big news: BTCFi Season has come to @Starknet!
Bitcoin is entering DeFi, and Ekubo will power it as the DEX of choice - incentivizing liquidity and unlocking new productive capital flows.
Announcing Spline and BTCFi Season by @StarknetFndn
To foster deep liquidity for Bitcoin on Starknet, 100M of $STRK rewards are up for grabs
✨ Starting today, providing liquidity for select @Splinefinance pools become eligible for $STRK rewards
🧵 Here's how to participate:
Vesu V2 is here to power BTCfi on Starknet 💥
BTCFi Season is live & 100M $STRK waiting for you.
Cheapest place to borrow against BTC? Right here.
But your Bitcoin can do a lot more… 🧵
For 15 years, Bitcoin has been called “digital gold.”
Translation: idle wealth.
Sitting in cold storage. Frozen on exchanges. Bragging rights, zero utility.
That ends now. 🧵
Substack 🔗 : opusmoney.substack.com/p/from…
The promise of BTCFi has been capital efficiency without compromise. Uncap is making it a reality.
Uncap is joining the @Starknet BTCFi Season to build the core liquidity engine for Bitcoin.
For the next 5+ months, put your assets to work:
• Deposit $BTC to earn an additional $STRK yield.
• Borrow $USDU and receive $STRK rebates, creating the most cost-effective credit line for your Bitcoin.
Rewards are claimable every Friday on Uncap. The new standard for BTC utility begins now ↓
