5 Starknet Ecosystem DeFi Projects at a Glance: Early Participation Opportunities and How to Get Involved

2023.06.06

5 Starknet Ecosystem DeFi Projects at a Glance: Early Participation Opportunities and How to Get Involved

This article introduces several projects with slightly larger TVL in the Starknet ecosystem.

2023.06.06 - 01:41:54

StarknetDeFi

Navigating Web3 tides with focused insights

This article introduces several projects with slightly larger TVL in the Starknet ecosystem.

Written by: Starknet Digger

Compiled by: TechFlow

The Starknet ecosystem is rapidly growing across various adoption metrics. Nevertheless, the numbers are still relatively low:

Starknet DeFi's TVL stands at only $11 million (compared to over $3.5 billion for Uniswap).
Total TVL on Starknet is just $60 million.

These figures are actually good news, as they indicate that the ecosystem is still immature and has significant growth potential.

Put simply: this means you can still get involved early and fully take advantage of available opportunities. But don't wait too long—numerous network upgrades are planned in the coming weeks that could rapidly boost the entire ecosystem. For example, Cairo 1.0 for developers has already launched, and several user-facing improvements are coming soon.

If you've already set up your wallet and learned how to bridge assets, let me introduce you to several larger TVL projects within the Starknet ecosystem.

mySwapxyz

mySwap is a DeFi protocol currently ranked third by TVL among Starknet protocols.

It is a v2 AMM built by the myBraavos team and directly integrated into the Braavos wallet (swap feature).

To participate early, you can:

Join their Discord;
Participate in their events;
Engage via mySwap in Part III of the Braavos NFT campaign to win exclusive NFTs.

10KSwap

10kSwap is a v2 AMM, ranking second by TVL among Starknet protocols. The only way to engage with this protocol is by swapping or providing liquidity on the platform.

However, please note:

Their Discord is completely abandoned;
The team is anonymous (and does not respond to any ecosystem projects/builders);
There also appears to be wash trading activity conducted by the team on the platform.

DYOR: Personally, I wouldn’t waste time considering it (except perhaps as an LP).

JediSwap

JediSwap currently accounts for approximately 60% of Starknet’s TVL and is actively working to deploy Uniswap’s V3 version on Starknet.

To explore further, you can:

Become a contributor. It’s open to everyone.
Join JediSwap’s Gitcoin campaign. They distribute NFTs and roles to participants.
Deposit liquidity to earn exclusive NFTs.