while other L2s are copying each other and adding no value and no innovation at all, Starknet is re thinking the whole L2 space
Starknet is getting ahead 👇
they are literally becoming a bridge between the two biggest ecosystems
many things you can already do as a bitcoiner
• BTC ↔ STRK Swaps
you can swap BTC ↔ STRK using Xverse with a single click
Fast with great UX, perfect to onboard bitcoiners
• bridge bitcoin
with trust-minimised bridges, and non custodial so you keep control of your bitcoin. There is no third party custody
protocols like Atomiq Labs or Garden allow you to take your bitcoin (from bitcoin network) and wrap it into WBTC and send it directly on Starknet
other protocols like Lombard Finance allow you to bridge LBTC on Starknet, or Threshold network for direct minting from native BTC onto Starknet
you can also bridge any kind of wrapped bitcoin (WBTC, LBTC, SolvBTC, tBTC) using StarkGate
@rhinofi, launched a zero bridging fees route for wBTC into Starknet so you can plug in and move your bitcoin directly to starknet, free of charge and participate to BTCFi season
and the most recent announcement: Alpen Labs’ which is enabling a bridge where your bitcoins are locked on bitcoin network, and the corresponding bitcoin becomes usable on Starknet but this time not as wrapped bitcoin, but as real bitcoin backed by cryptographic proof.
it’s a bridge without trust assumptions, aligning perfectly with bitcoin’s ethos of self-sovereignty
huge.
• trading runes
Runes are a type of fungible bitcoin native tokens (that can be memecoins, or used for governance, gaming or as stablecoin for example, but many more use cases are possible) that can be bridged directly to starknet, which unlock a lot of new possibilities for rune tokens as they can now access DeFi on Starknet, which was not possible on bitcoin
perfect to bring the degen community on starknet imo !
• rune assests
this one is a bit different from the previous one. But it’s huge imo
asset runes are a new kind of token that live natively on bitcoin blockchain.
their purpose is to bring non-bitcoin assets like USDC on bitcoin network (which did not exist before that) without any wrapper or sidechains.
each Asset Rune is backed 1:1 by the real asset on Starknet so the reserves always match the supply.
soon rune assets will expand to ETH, STRK, RWA etc …
• BTCFi season
bunch of strategies are already live for BTCFi season:
> LP wrapped bitcoin liquidity (LBTC, WBTC, SolvBTC, xsBTC, xBTC, tBTC) on
@EkuboProtocol to earn trading fees + STRK incentives with APY up to 30%
> lend wrapped btc (WBTC, tBTC, LBTC, SolvBTC) with 3% APY on
@vesuxyz
> borrow stables, wstETH, ETH, STRK against wrapped bitcoin on
@vesuxyz
> loop your strategy on vesu: deposit wrapped bitcoin → borrow ETH → lend ETH back on vesu (or elsewhere if the reward is higher) → earn even more rewards 🔁 and get 7-8% APY
> provide liquidity in vesu vaults with 5% APY
> provide liquidity in
@Trovesfi’s bitcoin strategies for up to 16% APY
> deposit wrapped bitcoin on
@OpusMoney and mint CASH
> provide liquidity on wBTC/tBTC pair with 4.17%
> deposit WBTC and borrow USDU against it on
@uncapfinance. You can use USDU across starknet DeFi and participate in BTCFi
> buy USN and stake for sUSN on
@noon_capital to earn up to 13%. The yield come from delta neutral strategies (= low risk). USN is tradable on Ekubo rn. Next week you should be able to loop it on vesu for additional rewards and in 1-2 weeks get additional yield with vesu vaults
• bitcoin staking
> stake your wrapped bitcoin (WBTC, LBTC, LBTC, tBTC, SolvBTC) and get rewarded 4.6% for holding your bitcoin!
> liquid staking on Endur to earn addtional yield by using your LST in other DeFi protocol (TrovesFi, Vesu, Ekubo) and earn additional rewards from BTCFi
• use cases beyond DeFi
> real world payments with Lightning network via Braavos (you’re paying using your bitcoin)
> social network, with Nostr. You can tip your favorite creators directly from Starknet, using STRK. Nostr’s community with ≈ 200k trusted users, that can now use Starknet
> fund your cashu wallet directly from starknet to keep your payments private