OpenBlock Labs is excited to unveil its partnership with Starknet, at the inception of Starknet DeFi Spring, an initiative dedicated to propelling growth across Starknet. This program is meticulously crafted to foster the expansion of Starknet DeFi in a manner that prioritizes fairness and equity for all participating protocols.
At OpenBlock, we believe in the power of data-driven decision-making, where we will leverage our extensive experience and sophisticated incentive modeling platform to guide the program. Our approach is grounded in building an objective function for each DeFi vertical, and using on-chain data to measure performance against the objective function and provide recommendations.
One of the critical challenges in the distribution of growth incentives is preventing manipulation and gaming of the system. OpenBlock is aware of these challenges and developed robust models to ensure that the incentive mechanism is as sybil-resistant as possible.
Our incentive reward and response models are designed to measure the efficacy of these grants, measuring elasticity and allowing us to adjust and optimize our recommendations in real-time. We look at equilibrium rates, cost of capital, and elasticities all across DeFi to optimize incentive allocations. Further, our focus centers on bootstrapping liquidity in markets that, when incentives fade, remain self-sustainable through organic volume.
The Starknet DeFi Spring represents a monumental step forward for Starknet and we at OpenBlock couldn't be more thrilled to help support it. For more information and to stay updated on the Starknet DeFi Spring, visit OpenBlock Labs.
OpenBlock Labs is an R&D firm dedicated to incentive engineering, fostering sustainable growth within decentralized protocols. OpenBlock has been a leading provider for the rewards design and efficacy analysis for leading protocols in the space, including: EigenLayer, Lido, Arbitrum, Solana, Sui, Uniswap, Aave, and many others.
