As the DeFi Spring blossoms on Starknet, Carmine emerges as a vibrant addition to the landscape, offering exciting opportunities for option traders and liquidity providers.
Carmine kicks off its journey into the DeFi Spring with an incentive program designed to reward active participation in our dApp either by trading put options or providing liquidity. So, starting from April 25th, 2024, users can earn STRK tokens by using the Carmine Options dApp.
Key Highlights of Carmine DeFi Spring Phase One:
Duration: The inaugural phase commences on April 25th, 2024, and runs for multiple months, providing ample time for users to capitalize on the opportunity.
Eligible actions:
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Providing liquidity to Carmine pools (ETH/USDC, ETH/STRK and STRK/USDC are eligible pools)
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Trading put options contracts (ETH/USDC, ETH/STRK or STRK/USDC are eligible pairs)
Rewards will be determined by the share of contribution towards the ecosystem.
Claiming Rewards: At the conclusion of this phase, eligible users can promptly claim their earned rewards through the Carmine Finance platform.
State of the Carmine liquidity pools
As of April 25th, 2024, we have attractive APYs in our liquidity pools. With the anticipated surge in trading volume due to this program, there is potential for these APYs to escalate even further.
Eat two cakes with one mouth
In addition to earning $STRK, users also earn points which will at a later date be converted into Carmine tokens 👀
Furthermore, by maintaining active trades or positions in liquidity pools, users can not only secure rewards but also contribute to the liquidity and stability of the whole Starknet ecosystem.
Don’t miss out on these rewards! Start trading now and maximize your DeFi Spring rewards.
Carmine Options serves as an automated market maker, offering the opportunity for anyone to buy and sell options on the Starknet network at a fair price.
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