Earn $STRK with Starknet DeFi Spring: A Step-by-Step Guide for Hashstack Users 💥

Calling all crypto enthusiasts! This guide explains how to earn $STRK tokens by participating in the DeFi Spring campaign with Hashstack, a decentralized finance (DeFi) project.

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What is DeFi Spring?

DeFi Spring is an initiative by the Starknet Foundation to boost usage and liquidity for promising DeFi projects like Hashstack. The foundation has allocated a massive 90 million $STRK tokens to be distributed over several months.

How Can You Earn $STRK with Hashstack?

There are two main ways to earn $STRK tokens through Hashstack:

1. Supplying Liquidity:

• By providing liquidity to specific pools on Hashstack, you can earn $STRK rewards. Think of liquidity as the pool of funds available for trading on the platform. Your contribution helps ensure smooth trading for everyone.

2. Borrowing and Spending (with a Twist):

• All borrowing pools on Hashstack are eligible for $STRK rewards. However, to earn these rewards, you need to spend your borrowed funds through actions like swapping or adding liquidity. Just borrowing doesn’t count!

Hashstack V1 : https://app.hashstack.finance

What Pools Are Eligible?

Hashstack offers a variety of pools for both suppliers and borrowers:

• Supply Tokens: USDC, USDT, ETH, STRK
• Borrow Tokens: USDC, USDT, ETH, STRK
• Spend Actions: All spending activities (swaps and adding liquidity) on the spending side qualify.

Bonus Tip: Borrowing and spending on the Jediswap pool allows you to earn rewards from both Jediswap and Hashstack, maximizing your gains!

How Are Rewards Split?

Hashstack distributes the earned $STRK tokens between suppliers (70%) and borrowers (30%). This incentivizes both sides:

• Suppliers (Market Makers): They earn rewards for providing liquidity, making trading smooth.
• Borrowers: They earn rewards for increasing the utilization of the platform by actively using borrowed funds.

Important Note: Only borrowers who spend their borrowed funds qualify for a share of the rewards. Just holding onto borrowed funds won’t earn you anything.

Claiming Your Rewards:

The first round of rewards will be claimable on March 28th, 2024, with subsequent claims happening every two weeks. The Starknet Foundation directly provides the $STRK tokens, and Hashstack distributes them to users based on their contribution.

DeFi Spring 2.0: Even More Rewards!

We’re excited to announce that Hashstack is participating in the recently launched DeFi Spring 2.0! This means there’s an even bigger pool of $STRK tokens (90 million!) up for grabs.

Ready to Earn $STRK with Hashstack?

Head over to the Hashstack platform (https://app.hashstack.finance) and explore the available pools. By becoming a supplier or a responsible borrower, you can contribute to the platform’s growth while earning rewards! Don’t miss this opportunity to maximize your crypto gains!

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Stay tuned and happy hunting! 😁💰

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