Original Title: "Starknet Token Unlock and Airdrop in Q1 2024, Which Ecological Projects Are Worth Paying Attention to?"

Original Source: DeepTech TechFlow

It is unknown whether the founder of Starknet was inspired by the famous quote from Oscar Wilde, but this "star" on Layer2 is set to shine brightly in the first quarter of 2024.

On December 1, 2023, the Starknet Foundation announced that it had conducted an airdrop snapshot and will distribute STRK tokens to certain past active users and contributors in the first quarter of 2024, while unlocking previously distributed tokens.

Therefore, many investors began to lay out the Starknet ecosystem in advance, hoping to find gems on the stars. Some people laid out rabbits (RBX), some were optimistic about Lords, and more people were looking forward to opening their wallets and welcoming airdrops.

What are the potential investment opportunities in the StarkNet ecosystem now?

StarkNet 有何不同？

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StarkNet What Makes It Different?

In the Layer2 world, StarkNet is one of the four major players alongside Arbitrum, Optimism, and zkSync.

Compared to Arbitrum and Optimism, StarkNet uses zk-Rollup, which allows for transaction packaging without the need to know who the verifier is. Additionally, there is no need for a seven-day waiting period when transferring assets across chains.

StarkNet simultaneously considers privacy and scalability, especially in protecting the privacy and data security of user transaction information, which is lacking in most Layer 2 scaling solutions today.

Compared to zkSync in the same camp, zkSync uses zk-SNARKs as its zero-knowledge proof system, which has smaller proof sizes and lower gas costs; while Starknet uses zk-STARKs, which provides higher transparency and security.

In addition, zkSync is compatible with EVM and uses Solidity as its programming language, making it easier for developers to enter its ecosystem. On the other hand, Starknet uses its own developed programming language, Cairo, and does not support EVM. However, there are some projects developing zkEVM based on StarkNet, such as Warp and Kakarot. Developers can deploy to the StarkNet network more quickly through the Kakarot tool.

StarkNet has account abstraction functionality, which eliminates the need for users to deal with complex mnemonic phrases and private keys, resulting in a better user experience.

In short, StarkNet has its own programming language, Cairo, which lacks compatibility with EVM. The high entry barrier for developers, but its high throughput and low transaction costs make it shine in certain fields.

For example:

In the field of full-chain gaming, high throughput and low transaction costs make it an ideal choice for full-chain gaming, which is also one of the core narratives of StarkNet.

In the field of contract wallets, the native account abstraction of StarkNet enables contract wallets to achieve functionality similar to hardware wallets.

In the on-chain AI field, StarkNet's technical features allow off-chain execution of computations and verification of generated proofs on-chain.

Derivative trading, as early as dYdX, also chose StarkWare as a partner.

Starknet protocols worth paying attention to?

Starknet ecosystem covers multiple tracks such as DeFi, NFT, GameFi, cross-chain bridges, contract wallets, etc. There are over 170 projects under construction in the ecosystem.

Among them, most of the ecosystems are in the early stage, in simple terms, most of the protocol applications have not issued tokens, RabbitX and Lords are among the few projects that have already issued assets.

RabbitX

RabbitX is an unlicensed perpetual exchange built on Starknet. With RabbitX, you can trade using an order book and RabbitX offers up to 20x leverage.

Due to RabbitX being built using low-latency ZK-STARK technology, it is able to provide users with extremely fast confirmation speeds and zero Gas, as well as fully inheriting the security of ETH L1.

According to the latest data from DeFi Lama, RabbitX is currently the second largest on-chain derivatives trading platform, second only to dYdX.

Clearing Mechanism

RabbitX provides a good solution for clearing in the encryption industry. RabbitX's margin requirements are: liquidation margin - 2%, maintenance margin - 3%. Based on this, RabbitX has established a three-step waterfall structure to assist in clearing processing:

·Waterfall 1: When the equity of an account is below the maintenance margin requirement (3%), it will undergo partial liquidation until the account is restored above the maintenance margin requirement. During the liquidation period, users will not be able to place new orders, cancel orders, or withdraw funds.

·Waterfall 2: If the equity of an account is below the liquidation margin (2%), the account will be liquidated at zero price (position with equity set to zero).

Loot Realm

StarkGate

Orbiter

layerswap

Layerswap supports bridging multiple network chains such as Starknet, zkEVM, ImmutableX, Arbitrum, and Optimism. Users can use Layerswap to instantly transfer ETH, USDC, and other tokens from centralized exchanges such as Coinbase, Binance, and Kraken to all major L2 networks.

Official website link: https://www.layerswap.io/app

AMM/DEX

Ekubo

Ekubo is an automated market maker designed specifically for Starknet, with centralized liquidity, scalability, and high capital efficiency. It utilizes the Starknet architecture to provide optimal exchange execution and liquidity provider returns. Additionally, all of Ekubo's funding pools exist in a single contract, reducing storage differences and saving on transaction costs.

It is worth noting that Ekubo's TVL amount is $8 million, ranking first on the Starknet network.

Official link: https://ekubo.org/

Brine (now renamed to tanx.fi)

tanx.fi is a decentralized order book exchange based on StarkEx, providing gas-free and fast trading functions, allowing users to track their investment portfolios, gain profit and loss analysis, and trade easily. tanx.fi supports quantitative trading users, CeDeFi exchanges, and institutional trading users.

In the official website's white paper document, it is explicitly mentioned that the token $SALT from tanx.fi will be launched soon. For more information, please actively follow the official Twitter and website.

Official link: https://tanx.fi/

JediSwap

JediSwap is a permissionless and composable AMM on Starknet, allowing users to provide liquidity for trading pairs to earn fees. It supports Swap, add/remove liquidity, and ZAP function (allowing users to exchange any single token to any JediSwap LP position with just one Starknet transaction).

JediSwap's TVL amount is 7 million US dollars, ranking second on the Starknet network.

Official website link: https://www.jediswap.xyz/

10KSwap

10KSwap is an AMM protocol built using Cairo. 10K aims to completely change the performance of AMM protocols by leveraging rollup functionality, bringing lower fees, less friction, and ultimately better liquidity to the L2 world, and driving adoption of DeFi. 10KSwap allows token holders to freely create trading pairs without paying high fees.

SithSwap

SithSwap is the next generation AMM on StarkNet, featuring instant volatility and stable swaps, with ultra-low slippage, near-zero fees, and complete security of Ethereum. SithSwap offers stable pools and dynamic pools.

·SithSwap stable pool can optimize low volatility assets, reduce slippage, and enable dynamic pools to achieve higher capital efficiency, increasing traders' asset yields.

Official website link: https://app.sithswap.com/

Aggregator

AVNU

AVNU is a decentralized trading protocol and liquidity infrastructure aimed at always seeking the best execution strategies for traders and dApps on Starknet (and wider L2s). The project optimizes trade execution by searching for the best trade routes across multiple decentralized exchanges (DEXs) and minimizing slippage. In addition, its Request for Quote (RFQ) system integrates market maker liquidity, optimizes price discovery, eliminates slippage, and provides MEV protection.

Official website link: https://www.avnu.fi/

Fibrous

Fibrous aggregates all AMMs of StarkNet, allowing users to exchange with the cheapest way in one click, matching the optimal price through the order path algorithm.

In addition, Fibrous integrates multiple projects, such as Ekubo Lightning Account and mySwap centralized liquidity.

Official website link: https://fibrous.finance/

Loan Agreement

zkLend

zkLend is a crypto lending protocol built on StarkNet, combining the scalability of zk-rollup, excellent transaction speed, and cost savings through the security of Ethereum. zkLend meets the needs of users for efficient transaction speed and low transaction costs, supporting multiple tokens such as ETH/wBTC/USDC.

This agreement provides a dual solution: a licensed and compliant solution for institutional clients, and an unlicensed service for DeFi users - without sacrificing decentralization.

On the official website, zkLend clearly lists its token supply as 100 million, as well as the corresponding distribution mechanism, which directly indicates that the project will issue tokens in the future. For more information, please actively follow the official Twitter and website.

Official website link: https://zklend.com/

Nostra

Nostra is a one-stop Defi solution built on Starknet, where users can borrow and trade cryptocurrencies. The Nostra liquidity layer consists of the Nostra money market, UNO (Starknet native stablecoin), and Nostra Swap (Stablecoin DEX). By integrating these three products, users can access liquid crypto assets without permission at any time and for any purpose, with minimal impact on prices.

·Nostra Currency Market is the core product of the liquidity layer, which can continuously provide liquidity for the ecosystem. It also provides income for Nostra Swap and UNO minters.

Hashstack

Paradex

ZKX

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