Let your assets bloom on zkLend.
As the DeFi Spring on Starknet unfolds in phases, we’re stepping into the spotlight with money markets taking centerstage. zkLend is thrilled to participate in this season, leveraging $STRK from the Starknet Foundation to incentivise engagement within selected asset pools. Our users are invited to partake by simply depositing or borrowing in the nominated pools.
First Phase Highlights
- Duration: Begins on March 14, 2024, at 00:00 UTC and concludes on March 27, 2024, at 23:59 UTC.
- Eligible Pools: ETH, USDC, USDT, and STRK.
- Eligibility: Anyone can participate in the program. The approximate reward APR will be displayed adjacent to eligible supply and/or borrow pools to inform users of the approximate $STRK rewards APR % in addition to the base rate.
- Claiming Incentives: Rewards earned during this phase will be available for claiming on our platform promptly after the season concludes on March 29, 2024.
Important Considerations
- Accrued Rewards: The tally of rewards will be unveiled only at the campaign’s conclusion.
- Dynamic APRs: The APRs displayed is based on the APR derived from non-recursive supply from the previous day and subject to frequent adjustments throughout the campaign, reflecting the evolving nature of the market, the allocation from the Starknet Foundation, and our pool sizes.
- Incentive Strategy: Our protocol may variably reward different actions, such as deposits and/or borrows, to adapt to market dynamics.
- Recursive Borrows Adjustment: Given rewards are calculated off chain, we will take into account a user’s net deposit after removing recursive borrows, ensuring fairness. For instance, if Bob deposits 100 USDC and borrows 50 USDC, his net deposit is considered 50 USDC. This calculation is specific to the same asset type, aiming to balance the rewards mechanism. Recursive borrowers will see a higher APR than their ultimate claim.
Secure rewards, maintain active deposit or borrow positions in the designated pools, be mindful of the nuances in reward allocation driven by dynamic APRs.
Stay engaged, stay rewarded.
About zkLend
zkLend is the native money-market protocol on Starknet, an L2 scaling solution combining zk-rollup scalability, superior transaction speed, and cost-savings with Ethereum’s security.
