Vesu to offer STRK rewards for BTC-backed stablecoin borrowers on Starknet

Vesu, a Starknet-based DeFi lending protocol, said it will offer STRK token rewards to users who borrow stablecoins against BTC collateral. The eligible collateral assets are WBTC, LBTC, SolvBTC, tBTC, and strkBTC. Users who take out loans through Sats Terminal will receive weekly STRK rewards. Depending on the size of the rewards, the effective borrowing rate could fall to near 0% or turn negative. Vesu added that because the rewards are paid in STRK, the actual benefit will vary with the token’s price. The program is part of a 100 million STRK incentive program set up by the Starknet Foundation to support BTC-based DeFi, or BTCFi.