Starknet Spring is coming to Liquity

Starknet Spring is coming to Liquity

The Liquity community has been eagerly requesting a more cost-effective borrowing solution.

Last December LUSD borrowing on Starknet went live.

This integration, developed by Nimbora, provides several benefits compared to borrowing on Ethereum mainnet:

• Lower gas cost
• No minimum loan (mainnet is $2’000)
• Access to a new, growing ecosystem - Starknet

You can read more about it in the announcement article.

‍

Starknet Spring

LUSD borrowers will now benefit from Starknet Spring.

This means that you will not only have close to zero gas fees, you will also get STRK token incentives on top.

Nimbora is covering the L1 and bridging fees, which means users only pay Starknet gas costs. Thanks to EIP 4884, these costs are now minimal, amounting to just a few cents.

Please note though that only one Trove has gas incentives, the one with the lower Collateral to Ratio (CTR) as shown in the image above.

Additionally, you can earn STRK tokens on top, with the current APR sitting at approximately 40%.

These incentives are expected to continue for at least the next 6-8 months.

Borrow now

If you want to take advantage of this great opportunity head over to: https://app.nimbora.io/

Their team also prepared a step-by-step guide on how to borrow.

For further information you can also visit their Discord.

‍