Quick summary
BTCfi is an incentive program by the Starknet Foundation.
100 million STRK tokens will be distributed over 6+ months to users who bridge their Bitcoin to Starknet and use it in DeFi.
What is BTCFi?
BTCFi is Starknet’s master plan to turn Bitcoin from passive capital into a productive asset.
The Bitcoin market is worth over $2 trillion, but most of it sits idle. BTCFi aims to change that by incentivising DeFi activity, such as lending and borrowing, while preserving Bitcoin’s core values: security and trustlessness.
To kick things off, the Starknet Foundation has created its largest ever incentive program. 100 million STRK, distributed over a period of at least 6 months.
How can I earn BTCFi Season rewards?
BTCFi rewards are available to users of Ready and Ready X who participate in Bitcoin DeFi. You can:
Lend Bitcoin
Lend your Bitcoin on Vesu, fully integrated into Ready and Ready X.
Borrow against Bitcoin
Use your Bitcoin as collateral to borrow USDC. Fully integrated into Ready. Or, borrow directly on Vesu using Ready X. Check out our Bitcoin Borrowing guide for step-by-step instructions.
Provide liquidity with Bitcoin
Supply Bitcoin liquidity to DEXs like Ekubo and Extended to earn yield and BTCFi rewards.
How do rewards work?
BTCFi Season rewards follow a simple cycle:
- STRK rewards accumulate daily from any active Bitcoin loans on Ready
- You can claim your rewards by going to the Collateral section and tapping Claim now
- Distributions are managed by participating protocols, such as Vesu
You can claim your rewards directly in Ready, Ready X, or on any supported DeFi protocol.
Which Bitcoin wrappers are supported?
The following Bitcoin wrappers are eligible for BTCFi rewards:
- WBTC
- LBTC
- tBTC
- SolvBTC
Start earning BTCFi rewards
100 million STRK is up for grabs.
Download Ready or Ready X and fund your account with Bitcoin to get started
