21 posts tagged with "Announcement"

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.

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.

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.

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:​

• Deposit tBTC into the Re7 USDC Core pool.
• Borrow USDC against your LBTC.
• Multiply xsBTC with solvBTC.
• Explore the new Bitcoin Vaults.
• Learn more about V2 in our docs.

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:

• Supply DOG to the new pool.
• Use WBTC as collateral to borrow DOG.
• Learn more in the risk report.

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

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.

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 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."

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.

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:

• Earn 6% APY on your Bitcoin
• Borrow USDC at just 0.5% APR against your Bitcoin
• Borrow USDC & spend it with your Argent Card

More opportunities incoming soon. Stay tuned!

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

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. 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. 🧡

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.

Discover the New Pools & the Curator​

With the new pool you can now:

• Supply wstETH and borrow rUSDC against it.
• Supply xSTRK as collateral and borrow rUSDC.

Learn more about Re7 Labs and their previously launched pools:

• Re7 Labs Comes to Starknet
• New Pools by Re7 Labs

Got feedback? Let us know on X or Discord.

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.

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.

Get Started​

• Sign up for Argent Metal: argent.xyz/metal-card
• Explore Vesu for top borrowing and yield opportunities: vesu.xyz/markets

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

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.

We’re thrilled to welcome Alterscope as a new curator on Vesu!

Alterscope is known for its expertise in risk management and data-driven analytics, shaping secure and efficient DeFi markets. Now, they’re bringing their experience to Starknet with a set of new curated pools—introducing new assets and expanding opportunities for DeFi users.

Let’s check them out!

Alterscope CASH Pool​

Collateral: ETH, STRK, USDC, USDT, WBTC
Borrow: CASH

This pool introduces the CASH stablecoin to Vesu, unlocking a new way to borrow against key assets. Users can keep assets like ETH or USDC working while unlocking fresh liquidity in CASH to use as they like.

Alterscope wstETH Pool​

Collateral: wstETH
Borrow/Multiply with: STRK, ETH, WBTC, USDC, USDT

This pool lets wstETH holders borrow assets or multiply their exposure—all while still earning staking rewards and DeFi Spring incentives.

Alterscope xSTRK Pool​

Collateral: xSTRK
Borrow: STRK, ETH, WBTC, USDC, USDT

This pool enables borrowing against Endur’s xSTRK, a liquid staking token for STRK. Depositors receive staking and DeFi Spring rewards while being able to borrow other key assets.

Alterscope Cornerstone Pool​

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

A broader lending market for multiple assets, designed for diverse borrowing and lending strategies. Optimized loan-to-value (LTV) and utilization settings make this pool highly capital-efficient.

Discover the New Pools​

Alterscope’s curated pools offer new ways to optimize your assets—unlock liquidity, multiply exposure, or maximize staking rewards. Here are a few:

• Borrow CASH against USDC to access liquidity while earning with your USDC.
• Multiply wstETH to boost your ETH exposure.
• Deposit xSTRK to borrow fresh liquidity while receiving staking & STRK rewards for xSTRK.

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

Got feedback? Let us know via X or Discord.

Big update! Two new pools, curated by Re7 Labs, are now live—offering fresh opportunities for earning, borrowing, and optimizing capital efficiency.

And there’s more—DeFi Spring rewards for wstETH start today, Feb 6, 2025, giving an extra boost to yield opportunities in one of the pools!

Re7 Labs, known for their expertise as a leading risk curator, first launched their curated pools on Vesu in November. Learn more in our previous Blog post.

Now, let’s take a closer look at what these new pools offer.

Re7 Starknet Ecosystem Pool​

Collateral: EKUBO, STRK
Borrow: USDC

This is the first pool on Vesu where EKUBO can be used as collateral—a long-requested feature. It introduces a new way for EKUBO holders to access liquidity.

To ensure a controlled launch, Re7 Labs has set an initial debt cap of 9,000 USDC for the EKUBO-USDC pair and 2M USDC for the STRK-USDC pair.

The curator can adjust this pool as needed—raising the debt cap or adding more tokens from the Starknet ecosystem, ensuring it remains aligned with market needs and long-term stability.

Re7 wstETH Pool​

Collateral: wstETH
Borrow/Multiply with: ETH

The pool is designed to maximize wstETH exposure with Vesu’s Multiply feature, allowing users to boost yield by capturing both staking rewards and the DeFi Spring rewards starting today.

The Strengths of Vesu’s Infrastructure​

Both pools leverage Vesu’s fully customizable lending architecture, allowing the curator to design pools that adapt to evolving market needs. Debt caps can be adjusted based on demand to keep the pools balanced and secure.

The parameters of each pool can be accessed via the Pools page.

Since Vesu’s pools are isolated, risks stay within each pool without affecting others. This keeps borrowing and lending safer, even as more assets are added.

Discover the New Pools​

• Borrow USDC against EKUBO and unlock liquidity without selling.
• Multiply wstETH to boost exposure & maximize rewards.

Got feedback? Let us know via X or Discord.