Rewards

Incentives for borrowers.

Introduction

Users who borrow CASH receive STRK rewards as part of the Starknet DeFi Spring initiative.

Methodology

The Starknet Foundation determines the amount of incentives on a daily basis. Users who borrow CASH will earn a share of each day's incentives in proportion to the total CASH borrowed across all Troves for the day. The amount of CASH borrowed will be aggregated for each address i.e. if one address opens two Troves, the amount of CASH borrowed will be summed up for that address. These will be calculated based on a snapshot taken at the end of each day.

Example: on a given day, if User A borrows 100 CASH, there is a total debt of 1000 CASH across all troves, and the incentives are 500 STRK, then User A will be entitled to $\frac{100}{1000} \cdot 500 = 50 \text{ STRK}$ on that day.

The protocol seeded TVL has been excluded from this initiative.

Participation

Users are automatically part of this initiative if they are actively borrowing CASH. No further actions required.

Claiming

Visit the rewards page here.