# DeFi Spring

You can now earn **STRK rewards** by providing liquidity on Haiko across eligible pairs!

These rewards are being disributed as part of the **$40M STRK DeFi Incentives Program** run by Starknet Foundation over 6-8 months from **22 February 2024**. Read our announcement post [here](https://haikoxyz.medium.com/haiko-starknet-foundation-defi-spring-incentives-program-fb15bfa659ed).

## Incentive Allocation Methodology

We align our Incentive Allocation Methodology to the one used by Starknet Foundation to distribute protocol-level incentives, to ensure fair reward distribution.

Four pairs are currently eligible for rewards:

* STRK/ETH
* STRK/USDC
* ETH/USDC
* USDC/USDT
* wstETH/ETH
* ETH/WBTC

For each pair, the rewards earned by Liquidity Providers are calculated based on three factors:

<table><thead><tr><th width="75">#</th><th width="175">Metric</th><th>Explanation</th></tr></thead><tbody><tr><td>1</td><td>Quantity</td><td><strong>Total amount of liquidity provided</strong><br><em>(in USD equivalent terms)</em></td></tr><tr><td>2</td><td>Time</td><td><strong>Duration for which liquidity is provided</strong><br><em>(in USD equivalent terms)</em></td></tr><tr><td>3</td><td>Productivity</td><td><strong>Proximity of each liquidity position to market price</strong> <br><em>(weighted by the share of each position falling within the expected range of price fluctuation of the pair)</em></td></tr></tbody></table>

In other words:

1. **Larger positions** earn more rewards
2. Positions accrue **rewards daily**
3. LP positions placed **nearer to market price** earn more rewards (note that volatile pairs will distribute rewards over a larger price range)

## How do I collect my allocated token rewards? <a href="#a8d0" id="a8d0"></a>

To monitor and claim your token rewards, visit **Haiko Rewards** page [here](https://app.haiko.xyz/rewards).

Please note that:

* The Program is run in fortnightly (2-week) intervals.
* Uncollected rewards from a previous fortnight **will be rolled over** to the next period and continue to be available for collection.
* Any STRK tokens not claimed by the user at the end of the Incentives Program **will be forfeited** and returned to Starknet Foundation

## Benefits to participating in the Program on Haiko <a href="#id-46a8" id="id-46a8"></a>

Several other AMMs are participating in the DeFi Incentives Program. Here are some reasons you may choose to participate through Haiko.

### Maximise rewards with Strategy Vaults

As explained above, rewards are distributed to participating users based on the **productivity** of their positions, amongst other factors.

A unique benefit of Haiko is the availability of **Strategy Vaults**, which automatically manage and rebalance positions around market price as prices move.

In other words, depositing to a Strategy Vault will allow positions to be optimised for **maximum productivity** (and **rewards**).

### Earn a larger share of rewards <a href="#id-2bad" id="id-2bad"></a>

Haiko offers LPs the chance to earn a larger share of token rewards and grow with our protocol.

Since we are a relatively new AMM protocol on Starknet, you will be able to make a larger contribution on Haiko as compared to other AMMs, and be entitled to a greater share of rewards.

Come grow with us!


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