A Guide to Various DeFi Protocols on Starknet
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A Guide to Various DeFi Protocols on Starknet
Starknet's DeFi landscape.
Navigating Web3 tides with focused insightsAuthor: Magnety Intern
Translation: TechFlow Intern
As you know, Magnety cannot function without a strong DeFi ecosystem on Starknet. Fortunately, innovative DeFi protocols are being built and industry giants are arriving—let’s take a look at the DeFi landscape on Starknet.
Currently, there are two wallets and one upcoming project that allow interaction with DeFi protocols on Starknet:
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@argentHQ — the first Starknet wallet
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@myBraavos — offers a unique user experience
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@MetaMask — will facilitate new user onboarding to Starknet
Cross-chain Bridges on Starknet
Currently, two cross-chain bridges bring liquidity to Starknet (mainnet and testnet):
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StarkGate — Starknet's native bridge
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@Orbiter_Finance
Additionally, @layerswap is not a true cross-chain bridge but enables direct transfer of assets from exchanges to L2 (including Starknet) in a single transaction, saving time and cost.
AMMs on Starknet
In terms of AMMs, we start with @mySwapxyz. mySwap is one of the earliest protocols launched on Starknet and currently operates as an AMM on testnet, where you can test the app by swapping tokens and providing liquidity.
JediSwap is another AMM on testnet and is a community-driven project: anyone can contribute to its development regardless of their expertise. It's a great community experiment. If interested, visit their Discord.
SithSwap is an AMM powered by Starknet for both stable and volatile assets. This AMM integrates multiple features such as bribes, vote locking, incentives… It's a hybrid between Curve and Uniswap V2. The testnet will launch later this month.
@starkswap is another AMM aiming to build a wide range of DeFi products. For example, the team recently launched their "Iron Fleet" application, which allows low-cost interactions with ETH dApps (currently YFI on testnet). Both applications are currently on testnet.
@alpharoad_fi is an AMM offering two key additional features:
- DeFi strategies can be replicated via vaults
- NFT collection
The product is currently live on testnet.
DeFi Hub Projects Powered by Starknet
@StarkDefi is a project aiming to create a DeFi Hub powered by Starknet. Its notable features include:
- AMM
- Staking and yield services
- NFT creation service
- Launchpad
- And more
Money Markets on Starknet
@zkLend is a money market built on Starknet, focused on innovation and offering two products:
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Permissionless services for DeFi users: Artemis
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Compliant services for institutions: Apollo
Testnet launch planned this month.
Regarding money markets, here are three others:
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@curve_zero has developed a fixed-rate lending system
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@xBankFinance, the first money market built on Starknet. The dApp is already live on testnet
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@AaveAave, planning to deploy on Starknet
DEXs on Starknet
Next, let's move to DEXs. Currently, there are 3 DEXs:
@BrineFinance is a DEX for spot trading, offering various features like cross-chain and order book trading, dashboard… The protocol is about to launch on Starknet testnet (currently live on ETH testnet)
@ZKEX_Official is a multi-chain DEX, built across three ZK platforms: @zkLinkorg, @zksync, and Starknet. It enables trustless trading of spot and perpetual contracts, with testnet launch forthcoming.
ZigZagExchange is a non-custodial DEX with order book and spot trading powered by @zksync and Starknet. They are currently operating on zkSync mainnet and testnet, and plan to launch on Starknet.
Launchpads on Starknet
For launchpads, we currently have two:
@AstralyXYZ is a native launchpad and project incubator for Starknet, offering innovations including:
- Ticketing for NFT sales/purchases
- On-chain lottery
- Community participation in building
Currently operational on testnet.
@zksparkofficial is a launchpad on zkSync and Starknet, primarily serving as an educational center and accelerator for developers and projects.
Tools on Starknet
Then we have @Starcombo_xyz, which allows interaction with multiple DeFi protocols in a single click and single transaction—an ideal tool for creating your own strategies.
Protocols on Starknet
@zkxprotocol is a trustless, permissionless derivatives protocol on Starknet, aiming to make complex trading strategies “as simple as perpetual contracts,” achieved through a decentralized order book and multiple financial innovations.
Finally, @SerityFinance is a DeFi 2.0 protocol that provides yield backing for synthetic assets, delivering sustainable and stable returns. The project aims to address current DeFi shortcomings, primarily by introducing the PCV principle and yield-backed synthetic assets.
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