X @Starknet (BTCFi arc)

Starknet BTCFi Initiative - Starknet Foundation allocates 100 million STRK to boost BTC activity on Starknet [1] - The program aims to make Starknet the cheapest and most efficient place to borrow against Bitcoin [1] Incentive Focus - Incentives target liquidity on DEXs, lending markets, and borrowing stablecoins against BTC [1][3] - DEX incentives prioritize pools pairing BTC wrappers with WBTC to ensure deep liquidity and low-slippage swaps [1] - Incentives aim to reduce the cost of borrowing stablecoins against BTC [2] DeFi Flywheel Strategy - Incentivized borrowing is designed to drive demand for stablecoins [2] - Increased demand boosts utilization, creating attractive yields for lenders [2] - Subsidies are used to maintain low borrowing costs [2] Core Goal - Starknet aims to become the most cost-effective place to borrow against Bitcoin [2]