📣🚨The Starknet Foundation is very excited to announce the launch of BTCFi Season, a new program to bootstrap BTC activity on Starknet, with a focus on low-cost, BTC-backed loans.

100M STRK will be distributed over a period of 6+ months to participating DeFi protocols to support: • BTC Liquidity on DEXs • BTC Liquidity in Lending Markets • Borrowing stablecoins against BTC

Starknet is set to become the most efficient and cost-effective place to borrow against BTC collateral unlocking productive flows that power a sustainable DeFi flywheel. 🔁

Starting September 30th, participating DeFi protocols will allocate and distribute their STRK to users on their platform based on incentive rewards programs that they design, announce and execute. A diverse set of BTC assets will be available for use in supported activities across participating protocols.