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Learn all about DeFi Spring

Starknet's DeFi Spring program started in February 2024 with the goal of bootstrapping a strong and healthy DeFi ecosystem on Starknet. Initially a budget of 40M STRK tokens was allocated to the program with a timeline until October 2024.

Recently, the program was expanded to a total of 90M STRK tokens, with the aim of continuing until all rewards are distributed. This is expected to extend into Q1 or even Q2 2025.

Vesu users are eligible for STRK rewards. This means that you can earn STRK tokens for supplying liquidity on certain Vesu markets.

What are DeFi Spring rewards?​

The Starknet Foundation allocates STRK rewards to participating protocols, such as Vesu, based on a set of activity metrics. These metrics determine the weekly distribution of STRK tokens to each protocol. For more information, visit the official DeFi Spring page.

How can I earn STRK on Vesu?​

Simply supply assets to any of the eligible markets.

note

According to the Starknet Foundation’s criteria, only non-recursive deposits of stablecoins (USDC/USDT) are eligible for STRK rewards. For example, if you deposit USDC and borrow USDT, you’ll still earn the organic Supply APY on your USDC, but you won’t receive any extra STRK rewards due to the USDT debt.

How is my STRK allocation determined?​

Your allocation of STRK tokens depends on two factors:

  1. The total amount of STRK distributed to Vesu is based on a set of metrics that are defined and monitored by the Starknet Foundation.
  2. Your share is determined by the value of your deposited assets relative to the total value locked (TVL) across all participants in eligible markets over a given period.
tip

You can track your total interest earnings (across all markets) on the Vesu Leaderboard.

Which markets are eligible?​

As per December 6th 2024, the following markets on Vesu are eligible for DeFi Spring rewards:

  • STRK
  • xSTRK
  • sSTRK
  • ETH
  • USDC
  • USDT

How are STRK tokens distributed?​

The Starknet Foundation distributes STRK grants every week to the participating protocols. You are able to claim your earned share of this allocation, once distributed by the Starknet Foundation, through a permissionless contract on Starknet.

tip

Learn more about how to claim your allocations in the Claim STRK Guide.