✍️ @Starknet Recently, the data is indeed impressive, with TVL and DEX trading volume soaring. We still need to delve into the driving forces behind it.
Digging into the growth engine, Re7 Capital and Extended are definitely the key protocols that cannot be overlooked.
Re7 Capital focuses on yield strategies, allowing you to put your staked BTC (like wBTC or sBTC) into it, and then collateralize to borrow stablecoins. This essentially activates the liquidity of BTC, transforming it from a static asset into "live money" that can earn interest and be reinvested.
This not only amplifies the potential returns on user assets but also injects continuous vitality into the DeFi ecosystem.
Looking at Extended, as a perpetual contract DEX within the Starknet ecosystem, its continuously rising trading volume is no small matter.
It deeply reflects that the liquidity cycle within the Starknet ecosystem has already started and is quite active.
Funds are efficiently flowing in and out here, whether for trading, arbitrage, or hedging, the depth and breadth of the ecosystem are improving simultaneously, and it is beginning to form internal liquidity accumulation.
Once this liquidity flywheel is established, the ecosystem will self-reinforce, attracting more funds and users.
In short, Re7 Capital is responsible for activating assets, tackling the tough nut of BTC, and letting it soar in DeFi. Extended is responsible for accelerating circulation, turning the flowing water into a waterfall.
Together, they are the indispensable dual cores in the BTCfi flywheel of Starknet. From a long-term value perspective, this logic is quite forward-looking.
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