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BTCFi powered by Vesu V2

· 4 min read
Content & Community

Vesu V2

Vesu V2 is live! Just in time for the BTCFi Season on Starknet.

To kick things off, the Starknet Foundation is allocating 100M STRK in rewards to anyone who brings their Bitcoin onchain and puts it to work.

Vesu V2 makes that easier than ever. With a fully redesigned frontend, smarter contracts, and new curated pools by Re7Labs, Vesu is the main lending market powering BTCFi from day one.

Borrow against Bitcoin, earn yield and more. All without giving up custody.

Do More With Your Bitcoin

Bitcoin is great, but using it has been tough. Until now, choices were limited: sell and lose exposure, trust a centralized lender, or pay high borrow rates. BTCFi on Starknet changes that.

For the first time, you can access cheap liquidity. Without selling or giving up self-custody.

borrow-usdc.png

Example: Deposit LBTC into the new Re7 USDC Core pool to borrow USDC. Your borrow costs get subsidized by STRK rewards.

Use the extra liquidity as you like, deploy it into yield strategies, or spend with the Ready Card.

Supply BTC to Earn

Supplying Bitcoin earns BTCFi rewards and interest from borrowers.

The new Re7 xBTC pool pairs staked Bitcoin with their native assets and creates strong borrow demand as users boost exposure and yield with Vesu’s Multiply feature. This leads to a healthy organic yield on top.

earn.png

Looking for something even simpler? Vesu V2 introduces Vaults. A new strategy layer that automates yield on autopilot. At launch, we’re kicking things off with Bitcoin Vaults curated by 0D. Deposit BTC once. It gets supplied into Vesu, borrows stablecoins, and allocates them into 0D institutional-grade yield strategies. No micromanaging, no more chasing APRs.

Multiply your staked Bitcoin

Stake your Bitcoin on Starknet through Endur.fi to earn STRK staking rewards. For example, stake tBTC to receive xtBTC in return. Multiply the xtBTC against tBTC, increasing your exposure and boosting your yield.

Because the assets are expected to move closely together, this strategy carries lower liquidation risk while still stacking staking rewards.

Claim and Supported Assets

Rewards are based on real usage. Borrowing earns rewards according to interest paid. Supplying BTC also qualifies, provided it’s non-recursive. They’re distributed weekly and become claimable every Friday (or anytime after that).

The following assets are eligible for BTCFi rewards:
Lending: wBTC, tBTC, LBTC, SolvBTC
Borrowing: USDC, USDT, CASH
More assets and ways to earn will be added as BTCFi Season continues.

Vesu V2: Making DeFi simpler

Vesu V2 takes everything learned from V1 and builds an even stronger foundation for DeFi on Starknet.

  • Modern UX: A clean, fast interface makes it easier to find the right opportunity
  • Simplified Contracts: Each pool now runs on its own isolated contract, improving security, reducing complexity, and lowering gas costs
  • Vaults: simply deposit to the vault to enjoy complex yield strategies on autopilot, enforced fully on-chain
  • Security first: Multiple audits; $100K Immunefi bug bounty and new features like onchain monitoring by Hypernative.

Position and market view

Vesu V2 strengthens UX and security while unlocking support for new assets and strategies. It is the liquidity hub for BTCFi on Starknet.

The Big Picture

BTCFi isn’t just a rewards program. It's Bitcoin’s next chapter. Capital comes in through staking, Vesu makes it productive, and users borrow, lend, and spend. This approach rewards real activity, not idle deposits that leave when incentives end.

Vesu becomes the bank for your Bitcoin, with liquidity ready to use anywhere.

Explore Vesu V2 now:

Unlocking ETH

· 3 min read
Content & Community

Earn with ETH

Ethereum just turned 10. A full decade of innovation, billions secured, and zero downtime.

If you believe in ETH for the long run, ask yourself: Is your ETH working for you?

This post breaks down 3 simple ways to earn more ETH. Not by flipping tokens, but with real yield. Let’s start with the basics.

Level 1: Simple lending

Basic yield, zero stress
If you want passive yield with minimal setup: supply ETH or wstETH to a Vesu pool.

You earn lending yield and DeFi Spring rewards. wstETH also earns staking rewards on top.

Current rates are around 4%, and go higher when markets heat up.

Risk: Like all lending platforms, there are smart contract, oracle, and pool config risks. Vesu reduces these with audits and known curators.

Level 2: Lending & Borrowing

Double the yield
Deposit ETH or wstETH, then borrow stablecoins like USDC or USDT.

Borrow USDC with your ETH collateral

You can then deposit those stables into another Vesu pool to earn some extra yield.

Earn with your USDC

Right now, you earn around 4% on your ETH, and 5–6% on the borrowed USDC. Your ETH keeps earning, while the borrowed stables generate yield on top.

Risk: Same as Level 1, plus exposure to ETH price drops. If ETH falls too much, your position can be liquidated. Start with low borrow amounts and monitor your loan-to-value ratio.

Level 3: Multiply it

More exposure, more yield
Multiply lets you increase your exposure to Ethereum. You supply wstETH, borrow ETH, and use it to buy more wstETH. All in one transaction.

Multiply your wstETH

Current examples show around 10% APY with a 3x multiplier. You can pick your own level, but higher yield comes with more risk.

Risk: ETH and wstETH prices are correlated, but extreme market stress can break that link. If prices decouple too much, your position could be at risk of liquidation. Learn more about Multiply in our Docs and choose a multiplier that fits your risk tolerance.

Make your ETH work

Three levels, one goal: earn more ETH
Whether you’re lending, borrowing, or multiplying, Vesu's got you. Explore the strategies, choose what fits, and grow your stack.

Got questions or feedback? Come hang in Discord. Check out the Docs if you want to dig deeper.

Ethereum isn’t slowing down. Neither should your yield.

Unlocking STRK

· 3 min read
Content & Community

Earn with STRK

STRK is everywhere on Starknet: held in wallets, staked & supplied in DeFi. But are you using it in the way that fits you best?

This post kicks off Unlocking Vesu, a new series that dives into strategies on Vesu. No advice, no hand-holding. Just straightforward takes on yield, risk, and what to watch for.

Today’s focus is STRK. We present three levels of yield for you. This is your starting point to earn.

Level 1: Simple lending

Plug and earn
If you want passive yield with minimal setup: Supply STRK directly to a Vesu pool.
You earn lending yield and DeFi Spring rewards.

PoolAPYNotes
Genesis4.5%most liquid pool on Vesu, best to borrow other assets
Re7 xSTRK8.4%high borrowing demand from Multiply

Risk: Like any DeFi lending platform, there are risks around smart contracts, oracles, and pool settings. Vesu reduces these with full audits and curators that are known teams in the Starknet ecosystem.

Level 2: Extra rewards with xSTRK

Liquid Stake and supply
You want to earn more while staying relatively low risk.

Stake STRK via Endur to mint xSTRK, then supply it to Vesu. If you want to deposit into the Re7 xSTRK pool you can also use the shortcut via Stake & Earn.

What you earn:

  • Lending yield
  • DeFi Spring incentives
  • Staking rewards via Endur
  • Endur Points (learn more here)
PoolAPYNotes
Re7 xSTRK11.6%biggest xSTRK pool, STRK available to borrow
Re7 rUSDC11.6%use xSTRK as collateral to borrow rUSDC
tip

With Stake & Earn, you can deposit STRK and supply xSTRK to the Re7 pool in one smooth transaction.

Risk: Additional risks from liquid staking provider (Endur).

Level 3: Max xSTRK exposure

Full send
You want to increase exposure and farm harder.

It works like this: Supply xSTRK as collateral → borrow STRK → convert to xSTRK → repeat.
But don't worry, Vesu's Multiply feature does all of this for you in one click. Learn how it works in our Docs.

Multiply xSTRK

PoolNotes
Re7 xSTRKUses the same oracle for STRK and xSTRK. Strong correlation, but not risk-free

What you earn:

  • Boosted staking yield
  • Boosted Endur Points
  • Boosted DeFi Spring rewards
  • Higher organic yield from increased position size

Risk: If xSTRK depegs from STRK, you can be liquidated. Oracle settings reduces this risk, but it’s not zero.

TL;DR

LevelWhat you supplyWhat you earnMain riskPools
1STRKOrganic yield, DeFi Spring rewardsSmart contracts, pool utilizationGenesis, Re7 xSTRK
2xSTRKLevel 1 + staking rewards, Endur PointsEndur protocol riskRe7 xSTRK, Re7 rUSDC
3xSTRK (Multiply)All of Level 2, multiplied with STRKLiquidation, xSTRK depegRe7 xSTRK

Which level fits your style? We’re always curious how people are using Vesu. Drop feedback or questions in Discord. Or tell us what you’d like to see next in Unlocking Vesu.

CarmineDAO Runes Live

· 2 min read
Content & Community

CarmineDAO Runes pool

New Curator and Asset

We’re excited to welcome CarmineDAO as a new curator on Vesu. From Carmine Finance to RemusDEX, they’ve helped shape Starknet DeFi from the start. Now, they bring that experience to Vesu by curating the first lending market for DOG, one of the first Bitcoin Runes on Starknet. More may follow.

CarmineDAO Runes Pool

Collateral: DOG, ETH, STRK, USDC, WBTC
Borrow: DOG, ETH, STRK, USDC, WBTC

All assets can be used as collateral or borrowed against one another. Whether you’re holding DOG or ETH, WBTC or STRK, you can now unlock liquidity or build custom cross-asset strategies.

Collateral remains isolated to your position. No rehypothecation.

About the Curator

CarmineDAO is a long-standing builder on Starknet. After launching Carmine Finance, they’ve continued to grow the ecosystem with community-led initiatives.

One of those is RemusDEX, a fully on-chain Central Limit Order Book (CLOB) DEX built by a small team from within the CarmineDAO community. RemusDEX uses a CLOB model, enabling traders to place limit and market orders with full transparency and control.

DOG is the first Bitcoin Rune traded on RemusDEX and is now supported on Vesu through this new lending pool.

Explore the Pool

The CarmineDAO Runes pool is live. You can:

All pool parameters are available via the Pools page. Questions? Join us on Discord.

Vesu Migration

· One min read
Content & Community

Vesu Migration

Vesu has successfully completed a planned migration to address a security related disclosure and strengthen the protocol's long-term security.

What this means for you

All funds are safe and positions continue to work as expected, earn interest and DeFi Spring rewards.

Update June 9, 2025

Your Earn position will now be automatically migrated the next time you interact with it, such as modifying or withdrawing the position.

Your wallet will show an additional Multicall for the vToken migration.
Nothing changes in value: your old vTokens are just converted to the new version.

Why we migrated

As protocols grow, so does the complexity of maintaining and securing them. This migration addresses a bug responsibly disclosed through Immunefi and resolved in close collaboration with Chainsecurity, our curators, and wallet partners.

User funds are safe, and the fix is now fully implemented through this migration. Vesu continues to operate normally.

Thanks to Chainsecurity, Immunefi, and our partners across the Starknet ecosystem for making this transition seamless.

Questions? Reach us anytime on Discord.

The Billion Dollar Pizza

· 2 min read
Content & Community

Happy Bitcoin Pizza Day

The most expensive pizza ever. And the best case for BTCfi.

You already know the story. In 2010, Laszlo paid 10,000 BTC for two pizzas. One supreme, one cheese. It was the first time anyone bought something physical with Bitcoin. Back then, those 10k BTC were worth about $41. Today? Over $1 billion.

It’s crypto history. And if you ask Saylor? The takeaway is simple: "Never sell your Bitcoin."

Saylor Tweet

Because what if Laszlo had borrowed instead? He could’ve kept the BTC, borrowed a few dollars for lunch, and still had a billion-dollar bag years later. That’s what BTCfi is here for.

Borrow in Vesu Genesis Pool

Bitcoin began as an experiment. A wild idea shared in forums and mined on laptops. Then it became digital gold. Now it’s time to actually use it. Borrow against it. Earn with it. That’s BTCfi.

BTCfi is live on Starknet

Here’s what you can already do today:

More opportunities incoming soon. Stay tuned!

This Bitcoin Pizza Day, maybe just borrow for the pizza.

Celebrating 10 Months of Vesu

· 3 min read
Nils Bundi
Co-Founder & CEO

Vesu 10-Month Anniversary

We are thrilled to celebrate the 10-month anniversary of Vesu and its initial Genesis pool. Over the past ten months, Vesu has grown to become Starknet's largest lending market. The Genesis pool, the first and largest lending pool, stands as a testament to our commitment to innovation, user experience, and security.

A Journey of Growth and Innovation

Since its inception, Vesu has operated autonomously, governed solely by math and code, without reliance on third-party interventions. This approach aligns perfectly with Starknet's ZKP-powered technology, ensuring a trustless and efficient lending environment.

On that journey, we have achieved significant milestones including the following;

🏆 Grow to the largest lending market on Starknet
🛡️ Onboard best-in-class pool curators like Re7 Labs
👛 Native wallet integration with Argent and Braavos
✨ Enable new products like Braavos' Bitcoin Earn
✅ Securely navigate various market crashes

We invite everyone to track and verify Vesu's progress for which we have built an extensive Dune dashboard that you can find here. TVL by assets Vesu TVL breakdown by asset, as shown on Dune.

Evolving with the Ecosystem

As the Starknet ecosystem matures, we recognize the need to make few adjustments to the Genesis pool configuration, the first in its 10-months existence. These updates aim at reflecting the increased liquidity, availability of proven liquidation bots, and overall confidence in Vesu's robust design:

  1. Minimal Loan Amounts: Reduce the minimal loan amounts in the Genesis pool to $10, making lending more accessible to a broader range of users.

  2. Liquidation Loan-to-Value (LLTV): Increase the LLTV ratios on certain lending pairs where Starknet liquidity has increased to improve capital efficiency. Find the details in this sheet.

  3. Interest Rate Curve: Increase rate halving to 5 days (reduce the autonomous curve adjustment speed) and the minimal 100%-utilization rate to 5% improving market efficiency and UX for both lenders and borrowers. Read more on Vesu's adaptive curve design here.

What You Need to Do

No action is required from your side.

These updates do not have an immediate impact on your existing positions in Vesu's Genesis pool. However, you may observe elevated market activity as users take advantage of the new configurations such as the lower loan amount requirements or increased LLTVs, resulting in a change in Supply and Borrow APRs.

With these conservative changes, the Genesis pool stays the core of lending on Starknet. Trusted for its stability and liquidity, the pool is now ready to support the next 10 months of growth.

If you have any questions, please reach out on the Vesu Discord or Telegram.

Stay Tuned

It has been an incredible first 10-months on this journey and that is mostly thanks to the trust our users and partners put into Vesu. We are even more excited for the next months as we continue to push the boundaries of DeFi and build a future where BTC becomes a productive asset you can earn with, use in DeFi and build on. 🧡

Re7 rUSDC Now Live

· 2 min read
Content & Community

Welcome rUSDC on Starknet

Starknet is growing—more assets, more players, more opportunities. rUSDC, a stablecoin by Relend Network, has now a new home in the Re7 rUSDC pool on Vesu. Curated by Re7 Labs and seeded with $15m from Relend Network, this pool expands borrowing and lending opportunities while making capital more efficient.

Let’s take a look at what this new pool brings.

Re7 rUSDC Pool

Borrow: rUSDC
Collateral: ETH, wstETH, WBTC, USDC, STRK, xSTRK

This pool lets users borrow rUSDC against key assets. Users can keep assets like wstETH or xSTRK working while unlocking fresh liquidity to use as they like.

To bootstrap the new pool, Re7 Labs has set debt caps to manage liquidity and risk, ensuring a secure launch with room to scale. The initial limit is 500k rUSDC per asset (100k rUSDC for WBTC), with potential adjustments as the pool grows.

All parameters of the new pool can be accessed via the Pools page.

info

rUSDC is a CDP-based stablecoin issued by Relend Network. It is backed by USDC and lending market collateral, designed to provide scalable and stable liquidity across L2s. rUSDC can be redeemed 1:1 for USDC on Ethereum mainnet.
Learn more in the Relend Docs.

Discover the New Pools & the Curator

With the new pool you can now:

Learn more about Re7 Labs and their previously launched pools:

Got feedback? Let us know on X or Discord.

Argent Unlocks Spending

· 2 min read
Content & Community

Welcome Argent Metal

Update June 24, 2025

Argent has rebranded to Ready, with a renewed mission to bring crypto to the mainstream. Read more in their announcement.

Argent has just launched Argent Metal, a self-custodial crypto card that makes spending USDC effortless anywhere Mastercard is accepted. Unlike other crypto cards that require preloading or custodial accounts, Argent Metal lets users spend directly from their wallet while maintaining full ownership of their assets.

Why Argent Metal?

  • No FX fees (1 USD = 1 USDC)
  • Earn cashback rewards. Up to $1,800 in the first year.
  • Exclusive perks and benefits.
  • Full self-custody. Funds stay in your control until spent.

Argent Metal isn’t just powerful, it looks good too. Choose your 16g metal card in Gold or Platinum.

Argent Card now available!

Power to DeFi with Vesu

Argent Metal gives you full control over your assets. With Vesu, you can take it even further and access true financial freedom:

  • Earn yield on your idle USDC. Let your assets work for you.
  • Borrow USDC against your holdings (ETH, BTC, etc.) to access liquidity without selling.
  • Compound cashback rewards to maximize returns.

Easily accessible via vesu.xyz or directly in the Argent Wallet’s Invest tab, delivering a true Web2-like experience.

Vesu integration into Argent Invest

Get Started

The way you spend crypto just changed. Keep control, keep earning, and unlock true financial freedom.

BTCfi on Vesu

· 2 min read
Content & Community

Welcome BTCfi to Vesu

Bitcoin is the most secure and decentralized asset, yet most BTC sits idle or locked in centralized platforms. Starknet changes that by introducing scalable, trustless, and programmable Bitcoin finance. Secured by STARK proofs.

It’s time for Bitcoin to go beyond HODLing. Welcome to BTCfi.

What Vesu Has to Offer

Bitcoin’s liquidity is trapped—held on exchanges, locked in custodial solutions, or simply collecting digital dust. The problem? No native DeFi, high fees, and security risks.

With Starknet scaling Bitcoin, Vesu enables Bitcoiners to:

  • Earn yield on BTC by putting your Bitcoin to work while HODLing.
  • Borrow with BTC to access liquidity without selling.
  • Multiply BTC to increase exposure and maximize yield.

All while benefiting from:

  • Low fees, keeping more of your BTC instead of losing it to transaction costs.
  • A frictionless experience** thanks to smart wallets like Ready.
  • Full self-custody, eliminating reliance on centralized entities or third parties.
  • Proven security** with every line of Vesu’s smart contract code audited.

What This Means for Starknet & Vesu

Bringing Bitcoin to Starknet is the next logical step:

  • Bitcoin’s market cap dwarfs existing DeFi TVL. Unlocking BTC liquidity brings new users, strengthens network effects, and expands DeFi on Starknet.
  • More liquidity strengthens lending markets.** Better rates, deeper composability, and new integrations follow.
  • New Bitcoin-native DeFi primitives are possible. Vesu has the infrastructure ready.
  • STARK proofs provide the security Bitcoin needs. BTC moves on-chain without intermediaries.

Both Starknet and Vesu offer scalable, trustless finance, powered by math and cryptography. Together, we bring native BTCfi to Bitcoiners.

What’s Next? The Future of BTCfi

Scaling native BTCfi is a long-term roadmap, with OP_CAT as a key upgrade to enable smart contract functionality on Bitcoin.

But we don’t wait for OP_CAT. In the meantime, we’re bringing Bitcoiners into BTCfi by:

  • Bootstrapping BTC liquidity through bridged BTC, restaked BTC, and BTC derivatives.
  • Enabling BTC lending strategies tailored specifically for Bitcoiners.
  • Maintaining strong security on Vesu to give Bitcoiners peace of mind when using BTCfi.

This isn’t just an experiment. The future of BTCfi starts now.