A quick look at 5 DeFi projects in the Starknet ecosystem: What are the early participation opportunities?
Compilation of the original text: Deep Tide TechFlow
Compilation of the original text: Deep Tide TechFlow
The Starknet ecosystem is growing rapidly across all adoption metrics. Still, the numbers are relatively low:
The TVL of Starknet DeFi is only $11 million (compared to over $3.5 billion for Uniswap).
The TVL on Starknet is only $60 million.
These numbers are actually good news, as they indicate an immature ecosystem with a lot of potential for growth.
In plain language: it means you can still get involved early and make the most of available opportunities. However, don’t wait too long as there are many network optimizations planned in the next few weeks that can quickly boost the entire ecosystem. For example, Cairo 1.0 for developers is already live, and there are some user-facing improvements coming soon.
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mySwapxyz
mySwap is a DeFi protocol that currently ranks third among Starknet protocols according to TVL.
It is a v2 AMM built by the myBraavos team and integrated directly into the Braavos wallet (exchange functionality).
For early participation, you can:
Join their Discord;
participate in their activities;
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10 KSwap
10 kSwap is a v2 AMM representing the second highest ranked protocol in Starknet according to TVL. The only way to participate in the protocol is to exchange and provide liquidity on the platform.
However, please note:
Discord is completely abandoned;
The team is anonymous (and does not respond to any ecosystem projects/builders);
It also appears that there are teams doing wash trading on the platform.
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JediSwap
JediSwap currently accounts for about 60% of Starknet TVL, and efforts are underway to deploy V3 of UniSwap on Starknet.
To explore it, you can do the following:
Become a project contributor. It's open to all.
Participate in JediSwap's Gitcoin event. They will distribute NFTs and characters for participants.
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SithSwap
SithSwap is a combination of Curve, Convex and Uniswap V2, powered by Starknet. To participate in the project, you can:
Join their Discord.
Deposit liquidity on the platform.
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AVNU
AVNU is a project that aims to solve liquidity fragmentation on Starknet by creating and combining two main products:
DEX aggregator for on-chain liquidity (already live on mainnet).
RFQ system for off-chain liquidity.
To get involved early, you can:
Swap on their dApp and enjoy the best of Starknet execution.
Join their Discord.
Get ready for an upcoming community event (soon).
