Starknet Staking
STRK Staking 101: Everything You Need to Know
STRK Staking 101: Everything You Need to Know
SUMMARY
In early July 2024, the news that Starknet staking is coming to Starknet has been revealed, marking a monumental milestone for the network!
Nimbora is here to break down everything you need to know about this game-changing development, including the best places you can stake your STRK and earn.
Staking in general involves locking up a certain number of your tokens, to support the operations of specific network.
Staking on Starknet involves locking your STRK tokens in the Starknet staking contract to earn rewards proportional to your stake. You can participate in two ways:
On Nimbora dApp at ➡️ https://app.nimbora.io/stake/ thanks to our liquid staking mechanism, you can stake STRK.
In return, you’ll receive sSTRK — Nimbora Liquid Staking Token, which reflects your staked position.sSTRK increases in value over time as it accrues staking rewards, so your sSTRK balance remains constant while its value relative to STRK grows.
Put your sSTRK to work in liquidity pools, by providing liquidity to the sSTRK/STRK pool👇
https://app.ekubo.org/positions/0x534e5f4d41494e/0x02e0af29598b407c8716b17f6d2795eca1b471413fa03fb145a5e33722184067/888915
Simply enter the amount of sSTRK and STRK you’d like to add, click “Confirm” and follow the wallet prompts.
You will receive an NFT representing your position, where you can track earned rewards.
You can put your sSTRK to work in nostra Finance liquidity poolsby providing liquidity to the sSTRK/STRK pool 👇
https://app.nostra.finance/pools/sSTRK-STRK/deposit
Enter the amount of sSTRK and click “Deposit liquidity” and follow the wallet prompts.
You will receive an NOSTRA-sSTRK/STRK token, representing your position.
Generate additional yield by lending your sSTRK in Vesu lending market 👇
https://vesu.xyz/lend
You can earn from staking, trading fees, lending, and protocol incentives, all while maintaining flexibility to switch between different strategies as market conditions change.
This means you can stack multiple reward streams on top of your base staking position, optimizing your yields based on market opportunities.
Generate additional yield by lending your sSTRK on Nostra👇
https://app.nostra.finance/lend-borrow/sSTRK/deposit
On Opus Money you can deposit your sSTRK to borrow $CASH 👇
https://app.opus.money/troves/open
It lets you borrow against a portfolio of carefully curated collateral including yield-bearing assets. With minimal human intervention, the interest rates, maximum loan-to-value ratios and liquidation thresholds are dynamically determined by each user's collateral profile.
The asset you are borrowing is CASH, an algorithmic overcollateralized stablecoin soft pegged to the US dollar. More information about Opus and CASH available here.
Deposit on Haiko replicating solver 👇
https://app.haiko.xyz/vaults/positions?type=solver&address=0x73cc79b07a02fe5dcd714903d62f9f3081e15aeb34e3725f44e495ecd88a5a1&marketId=0xf2d72b2feb2998ebe9104f074be7bac04d378622f2d8344983a012106648d5&tab=deposit
Solvers are a new, improved framework for building Haiko Vaults. They take the best parts of Strategies (i.e. convenience, 1-click automation) and make them simpler, more powerful, and less error-prone.
Solver Vaults introduce new features such as:
• Zero cost rebalancing: rebuilt from the ground up with a new architecture, Solvers are now stateless and can be rebalanced without any on-chain position updates, at zero gas cost to both swappers and LPs
• Impermanent Loss caps: pools can apply a hard cap on impermanent loss by rejecting swaps that bring the pool above its maximum allowed level portfolio skew
More sSTRK DeFi activities are coming soon, so stay tuned!
Nimbora is a Starknet-based omnichain 1-click yield strategy platform that enables users to engage with Layer 1 protocols at a fraction of the cost. Discover the best of Ethereum protocols and optimize your DeFi strategies with Nimbora.
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