What is StarkDeFi? Instructions to hunt Airdrop by using StarkDeFi

1. What is StarkDeFi?

StarkDeFi is a comprehensive DeFi hub operating on Starknet, providing a variety of products such as Automated Market Makers (AMM), Farms, Staking, and a Launchpad for both tokens and Non-Fungible Tokens (NFTs). It's worth noting that the project has received strategic investment from Gate.io and obtained grant approval from Starknet.

An interesting element in the tokenomics of the project is the allocation of 35% for a community airdrop. In the subsequent section, I will provide a detailed guide on the steps to participate in the airdrop from this project.

2. StarkDeFi product

StarkDeFi is identified as the central hub for decentralized finance (DeFi) operating on Starknet, offering an extensive suite of DeFi products, including Automated Market Maker (AMM), Farming, Launchpad, Quests, and more.

Automated Market Maker (AMM): Facilitating cryptocurrency transactions on StarkDeFi, the AMM operates in a permissionless and cost-effective manner, utilizing the secure Starknet network. Users have the flexibility to add or withdraw liquidity at their discretion without incurring additional fees.
Limit Order Trading: This feature automatically executes buy or sell orders when the price of the asset reaches a pre-defined level set by the user.
Synergy Pools: Users can earn rewards by depositing assets into pools that contain stablecoins or the native token $SDC of StarkDeFi.
Yield Farming: Users can receive rewards based on their participation by placing assets into farming pools.
Staking Pool: Users can earn xSDC by depositing $SDC at a 1:1 ratio. xDC is a tradable asset that can be utilized within the Starknet ecosystem.
Liquidity Locker: This function allows users to lock liquidity on StarkDeFi, enabling them to earn profits and establish community trust across both the StarkNet and Ethereum communities.
Launchpad: StarkDeFi Launchpad facilitates projects in efficiently raising funds.
Mint: Users can easily create NFT collections or custom tokens on StarkNet through a user-friendly process.
Quests: Users can engage in predicting cryptocurrency market movements or participate in low-cost lottery games, aiming to earn attractive rewards.

As of the current writing, the StarkDeFi mainnet includes functionalities limited to swap and liquidity operations.

3. Team

Updating

4. Investors & Partners

The project has received strategic investments from the Gate.io exchange and has also been granted approval by Starknet. It also holds affiliations with prominent entities such as Chainlink, Amber, and Seedify.

5. Tokenomics

5.1. Key metrics

Token: SDC
Symbol: $SDC
Chain: Starknet
Total Supply: 100,000,000

5.2. Token use cases

The utility of the $SDC token extends to various applications within the StarkDeFi ecosystem:

Voting for Protocol Proposals: Holders can utilize $SDC to cast votes on proposed protocol changes, providing a mechanism for governance.
Liquidity Pools: $SDC can be used in affiliated pools, contributing to liquidity within the StarkDeFi platform.
Participation in Synergy Pools and Prediction Models: Engaging in Synergy pools and predictive models is facilitated through the use of $SDC.
Collateral in StarkNet Ecosystem: $SDC serves as collateral within the StarkNet ecosystem, enabling users to leverage it for various purposes.
Supporting new projects on StarkDeFi Launchpad: The token is applicable on the StarkDeFi Launchpad, where it can be employed to sponsor emerging projects.

5.3. Token allocation

Airdrop: 35%
Seed Round, Private Sale, Public Sale: 25%
Liquidity/Market Making: 1%
Reserve: 5%
Team & Advisors: 12%
Mining Reserve (LP): 2%

6. Instructions to hunt Airdrop by using StarkDeFi

StarkDeFi recently introduced a loyalty ranking system to assess user loyalty, and there are indications that the project may conduct airdrops based on these loyalty points.

6.1. Preparation

To participate in the retroactive process on ArgentX, you need to prepare:

A StarkNet wallet (Use Google Chrome or FireFox browser on your computer).
$ETH tokens for transaction fees.

6.2. Guide for using the Swap feature

Access and connect your ArgentX wallet to StarkDeFi, then navigate to the "Swap" tab.
Under the Swap section, select the asset pair you wish to swap.
Enter the quantity of tokens you want to swap.
Click on "Swap."
Review the provided details, then select "Confirm Swap" and verify your wallet.

6.3. Guide on using the Liquidity Addition feature

Access and connect your ArgentX wallet at https://app.starkdefi.com/#/pool.
Choose the liquidity pool you want to contribute to. In this example, we'll select the USDC/USDT liquidity pool.

Click on "Add Liquidity."
Enter the quantity of tokens, then select "Supply." If you input the quantity of USDC tokens, the platform will automatically suggest the corresponding quantity of USDT tokens.

Verify your wallet to complete the liquidity addition process.

Once you reach a transaction volume of $100, you activate the referral pathway. Using the referral pathway earns your additional points.

7. Roadmap

Updating

8. Channels

Website: https://www.starkdefi.com/
X: https://twitter.com/StarkDefi
Discrod: https://discord.com/invite/starkdefi

9. Conclusion

StarkDeFi boasts the most diverse range of products on Starknet. The project allocates 35% of its tokens for community airdrops. Therefore, engaging with the project early is advisable to increase the likelihood of receiving airdrops from the initiative.

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