How To Earn Starknet (STRK) Token Instead Of Buying It

How To Earn Starknet (STRK) Token Instead Of Buying It

By Bfab | Good vibes | 9 Apr 2024


Let's face it, buying crypto can feel like throwing money into a black box. But what if you could actually earn it by playing around with cool DeFi apps?

That's what got me hooked on Starknet's DeFi Spring! It's like a giant experiment where you get rewarded with STRK tokens for being an early adopter. Plus, you're contributing to the growth of a super-fast, super-cheap blockchain – Starknet, which is a secure zk-rollup on top of Ethereum mainnet.

Why Starknet? Why Now?

I did my own research (DYOR, as they say in crypto land!), and Starknet seems like a game-changer for DeFi. It solves the problems of slow transaction speeds and crazy fees that plague Ethereum right now.

Earning STRK: It's Like a Pool Party (But With Crypto!)

The coolest part? Starknet is giving away a massive 40 MILLION STRK tokens to users who participate in the DeFi Spring. All you have to do is interact with DeFi apps built on Starknet. It's like a giant pool party, but instead of pool noodles, you get crypto!

Nostra Finance: My DeFi Playground

There are a bunch of DeFi apps involved, but I'm particularly interested in Nostra Finance. They offer all the usual DeFi stuff – swapping, lending, borrowing – but with a focus on security and keeping those fees low.

Transparency Time (and a Little Bonus!)

Just to be upfront, using my referral link when you start using Nostra Finance can get you some extra rewards (and helps me out too, win-win!).

Here's my Nostra referral link: https://app.nostra.finance/?ref=8wtq0mb9d9

Ready to Dive In? My DeFi Spring Starter Pack

  1. Grab Braavos, a secure wallet for Starknet.
  2. Explore the DeFi apps participating in the Spring – there are DEXs, Money Markets, and even Perpetuals/Options if you're feeling adventurous! As mentioned, I recommend Nostra Finance. which currently offers pretty high supply APYs (annual percentage yields) + additional STRK rewards.
  3. Play around with these apps – swap some tokens, lend some crypto, borrow a bit (responsibly, of course!). Every interaction gets you closer to those sweet STRK rewards.
  4. Keep an eye out for "Quests" – these are on-chain tasks that can earn you even more STRK and some cool NFTs!

Below a screenshot of the current supply APYs on Nostra Finance:

923c779f7ce740d4cdf44a46d6209c6ad21528ab2444ce5924e85d7831363282.png

P.S. Remember, I'm not a financial advisor. This is just my personal experience, and you should always do your own research before jumping into any DeFi project.

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