🎁DeFi spring STRK incentives

Earn STRK Rewards by Adding Liquidity on Jediswap

What is DeFi spring?

Users of the Jediswap protocol are eligible to receive STRK rewards as part of the Starknet DeFi Spring, an initiative by the Starknet Foundation. The program aims to distribute 40 million STRK tokens as incentives for participation in DeFi platforms on Starknet, such as adding liquidity to Automated Market Makers (AMMs). Below, we describe our methodology for allocating these incentives to Jediswap liquidity providers.

Incentive allocation methodology

Here are the steps for distributing STRK:

• The Starknet Foundation determines the amount of STRK for each eligible pair.

• Jediswap calculates the user-level allocation for each pair using the same methodology used for computing LP points:

  • Each pair has four pools in Jediswap based on different fee tiers (0.01% fee, 0.05% fee, 0.3% fee, 1% fee).

  • We compute each user's points for each eligible pair by combining data from all four pools.

  • For each pair, we calculate the percentage points each LP accrued in the last 14 days relative to all LPs for that pair.

  • We multiply each user's percentage points by the total STRK allocated for that pair to determine the exact amount for each user.

  • We sum all the STRK amount of a liquidity provider across different pairs to determine the final STRK amount.

Which pools are eligible for rewards

The Starknet Foundation periodically updates the list of eligible pairs. Currently, these pools are eligible for STRK rewards:

• STRK/USDC

• STRK/ETH

• ETH/USDC

• USDC/USDT

• WBTC/ETH

• DAIv0/USDC

• wstETH/ETH

How do I earn the most STRK incentives?

Three factors influence the amount of STRK incentives you earn:

• Pool type: Different pools have distinct allocations of STRK incentives, as defined by the Starknet Foundation. Check the Pool page to see for the latest APR of different pools.

• Fees earned by a position: The more fees you earn, the larger your share of the incentives, all else being equal.

• Duration of a position: The longer you hold a position, the more rewards you accumulate during the event, compared to someone who earned the same fees but held the position for a shorter period.

How to participate in the program

Since we calculate the suggested allocation of rewards off-chain and retroactively, no action is required to participate in this program. If you hold a position in one of the eligible pairs, it will automatically receive rewards.

Claiming your allocation

Allocations will be available to claim on Jediswap's Rewards Page.

1. The Starknet Foundation determines the amount of STRK for each eligible pair.

2. Jediswap computes the user-level allocation for each pair using the same methodology used to compute LP points.

   1. Each pair has four pools in Jediswap based on different fee tiers(0.01% fee, 0.05% fee, 0.3% fee, 1% fee).

   2. We compute each user's points for each eligible pair, combining all four pools for a pair.

   3. For each pair, we compute the percentage points each LP accrued in the last 14 days relative to all the LPs for that pair.

   4. We multiply each user's percentage points with the total STRK allocated for that pair to get the exact amount for each user.

   5. We sum all the STRK amount of an LP across different pairs to determine the final STRK amount.