Starknet's recent operations are trying to be clever, much more sophisticated than the incentive activities that Unichain did this year and Zksync did last year, as well as the Defi Spring that Starknet previously organized.
Focusing on attracting BTC TVL, rather than broad, non-targeted TVL. The incentive cost for attracting BTC TVL is lower because the benchmark return for BTC = 0. A cleverly precise positioning.
The combination punch provides BTC returns. First, at the chain's native staking level, it supports several BTC wrappers for staking, offering the most direct staking reward returns, currently around 6% APR. Second, 100M Strk is allocated for the BTCFi Season, specifically incentivizing on-chain activities related to BTC, such as different wrapper BTC pair LPs on DEXs and subsidies for collateralizing BTC to borrow U.
A very clever strategy, in less than ten days, it has already attracted 567 BTC for staking. I will continue to track data related to Dex/Lending.
As for why I am so focused on Starknet? It's entirely due to negative interest. I have been running short contracts on Strk for the past few months. In the last half month, I've been holding positions with significant unrealized losses, which forced me to pay attention. Overall, I still tend to believe that these measures only have short-term price increase significance.
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