DEFI

Starknet Airdrop Guide: Valued Far Beyond Arbitrum, Starknet Airdrop Should Interact with Which Projects?

2023/3/21

Although it claimed to launch its token last September without success, the Ethereum layer 2 scaling solution Starknet, based on zk-rollups, has been active recently. It is expected to initiate its first governance vote on March 21, as per this announcement. If approved, the latest protocol version "Starknet Alpha v0.11.0" will be deployed on the Goerli testnet and subsequently upgraded on the mainnet.

Table of Contents

Starknet Activity Surges Tenfold Following Arbitrum Airdrop

Data analysis protocol 0xScope tweeted that after the Arbitrum airdrop, the on-chain daily active users of zkSync and Starknet, both based on ZK-Rollup technology and yet to release tokens, have grown by over tenfold.

It seems like the next battleground for airdrop operators.

After @arbitrum announced its #airdrop, other projects with potential airdrops have seen a surge in daily active users in recent day.
Especially the cross-chain bridges of@zksync & @Starknet.
Their DAU has increased by more than 10 times.
Are you involved? pic.twitter.com/cxYRzw9oSk
— 0xScope (🪬 . 🪬) (@ScopeProtocol) March 20, 2023

Starknet Token Allocation

According to previous reports, Starknet's token allocation, apart from "17% - StarkWare investors" and "32.9% - Core contributors," the remaining 50.1% is owned by the StarkWare Foundation, with the allocation as follows:

Among the 8.1% of tokens to be allocated, it is widely speculated to be potential airdrop quotas.

9% Community Contribution, for those who contributed technically to StarkNet, such as users of StarkEx L2 system like dydx, sorare, immutable, etc., with usage tracked until June 1, 2022.
9% Community Incentives, where StarkNet tokens will be given back to the community to offset the cost of moving from Ethereum to StarkNet.
12% Research, development, testing, and maintenance grants for StarkNet
10% Strategic reserves to fund ecosystem activities
2% Donations to related organizations such as universities and non-profits
8.1% Undecided allocation, to be determined by the community

Starknet Cryptocurrency Airdrop Interaction Guide

Focus on new projects and airdrops, DefiCalendar has compiled an interaction guide, recommending the use of Braavos and Argent X as crypto wallets.

I. Cross-chain

Some ETH is needed to cross-chain to Starknet as Gas, and the following are recommended:

StarkGate Official: https://starkgate.starknet.io/
Orbiter: https://www.orbiter.finance/

II. DeFi Protocol Interaction

Currently, StarkNet's TVL is only around $2 million, with the following DEX available for interaction:

Additionally, lending protocol Nostra Finance currently has an astonishingly low TVL of $40,000, with the project in the testing phase, contracts pending review, and limited collateral, so users need to evaluate the risks themselves.

III. NFT Market Interaction

DefiCalendar suggests users mint their own NFTs and list them on platforms or try completing some NFT transactions, with two NFT markets currently available:

Aspect: https://aspect.co/
Mint Square: https://mintsquare.io/starknet

StarkNet Testnet Interaction

DefiCalendar's guide stops at the aforementioned three points. Twitter user 𝗙𝗮𝘀𝘁𝗟𝗶𝗳𝗲 mentioned the domain service Starknet.id and also highlighted testnet interactions to increase potential airdrop rating points, including:

Option protocol Carmine: carmine.finance
AMM routing protocol Fibrous: fibrous.finance
Social protocol Starknet Social: starknet.social
Exchange protocol StarkDeFi: https://testnet.starkdefi.com/