Starknet Foundation Launches DeFi Committee
The Starknet Foundation officially launched its DeFi Committee on November 9, 2023, with the goal of advancing the DeFi progress within the Starknet network. This strategic move demonstrates the Foundation’s commitment to nurturing and expanding the DeFi sector.
Members of the Committee
Six prominent members from various facets of the crypto and blockchain industry have been meticulously selected by the Starknet Foundation Board to chair the DeFi Committee. These members bring a wealth of knowledge and expertise, positioning the committee to effectively strategize and implement its goals.
Mission of the Committee
The primary mission of the committee is centered around developing an on-chain liquidity incentive program to establish Starknet as a leading choice for developers and users of DeFi applications. The committee will use metrics such as Total Value Locked (TVL) and daily trading volume to assess its effectiveness.
Roadmap of Efforts
The DeFi Committee has outlined a detailed roadmap that spans four crucial phases to enhance the DeFi ecosystem within Starknet. The first phase involves a thorough evaluation of the network’s current capabilities, focusing on readiness to support core DeFi functionalities. The subsequent phases include monitoring, proposal formulation, and execution oversight and iteration.
50 Million STRK Tokens Allocated
An allocation of 50 million STRK tokens has been earmarked for the Committee’s initiatives. The Starknet Foundation anticipates that the DeFi Committee will play a crucial role in accelerating the growth of Starknet’s DeFi ecosystem.
Hot Take: The Future of Starknet’s DeFi Ecosystem Looks Promising
With the launch of the DeFi Committee, Starknet is poised to lay a solid foundation for a thriving DeFi environment within its network. By strategically leveraging its resources and expertise, Starknet is set to drive innovation and growth in the decentralized finance sector.
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