Create Post “defi-committee-launch-advancing-starknets-defi-progress”

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+id: 9785fd4b-6e6d-41bb-a08d-f9e7f70b8e78
+post_type: article
+title: "DeFi Committee Launch: Advancing Starknet's DeFi Progress"
+published_date: 2023-11-09T13:21:45.015Z
+category: 757155c6-ce07-49f1-af21-907b7e0b1cb1
+topic:
+  - defi
+blocks:
+  - type: markdown
+    body: >-
+      The Starknet Foundation is proud to announce the selection of its
+      Decentralized Finance (DeFi) Committee.  Chaired by six members, the
+      Committee’s primary purpose is to bootstrap and grow the decentralized
+      finance ecosystem on Starknet.
+
+
+      ## The DeFi Committee 
+
+
+      ### Role
+
+
+      The DeFi Committee’s role is to promote the growth of DeFi on Starknet.  Its success will be measured by primary metrics like TVL and daily volume traded; and by secondary metrics like spread and depth & availability of liquidity.
+
+
+      ### Overview
+
+
+      Decentralized finance (DeFi) is a core pillar of the Starknet ecosystem.  Starknet's advanced architectural design positions it as an ideal platform for unique DeFi applications.  The DeFi Committee is a recognition of the importance of DeFi and the first actionable step towards focussing on its growth. 
+
+
+      ### Membership
+
+
+      Chosen by the Starknet Foundation Board, the DeFi Committee consists of:
+
+
+      1. Damian, Starknet Foundation
+
+      2. Itamar Lesuisse, Argent
+
+      3. Jane Ma, zkLend
+
+      4. Mentor Reka, AVNU
+
+      5. Richard Thomas-Pryce, Nostra
+
+      6. Vitaly Yakovlev, ZKX
+
+
+      Their combined expertise sets the course for achieving the committee's goals.
+
+
+      ### Mission
+
+
+      The Committee is tasked with the research, design and execution of an on-chain liquidity incentive program to position Starknet as a primary choice for both developers and users of DeFi applications.
+
+
+      ## Committee's Roadmap
+
+
+      **Phase 1 (Strategy)** 
+
+
+      * Assess network readiness, core DeFi features, DeFi project support needs, and liquidity plans.
+
+      * *Deliverable: Internal strategy report for the Foundation.*
+
+
+
+
+      **Phase 2 (Monitoring & Incentives)**
+
+
+      * Partnering with an external firm or third party, the Committee will establish key DeFi metrics and monitoring systems.
+
+      * *Deliverable: Monitoring framework and incentive framework.*
+
+
+
+
+      **Phase 3 (Implementation)**
+
+
+      * Based on findings from the previous two phases, the Committee will put forward an in-depth proposal to the Foundation and the Board covering essential needs, incentives, proposed programs and anything else determined to be necessary during the course of their research. 
+
+      * *Deliverable: Incentive program proposal for the Foundation.*
+
+
+      **Phase 4 (Execution Oversight and Iteration)**
+
+
+      * With approval from the Foundation and its Board, the Committee will oversee the execution and implementation of the proposals in this phase. 
+
+      * *Deliverable: Execution oversight of the approved incentive program.* 
+
+
+      The Committee will regularly meet, seek feedback from the DeFi community, and report to the Starknet Foundation’s Executive Committee. Major decisions will be documented and approved, ensuring transparency and accountability.
+
+
+      ## Budget
+
+
+      The Committee has been allocated a total of 50m STRK. 
+
+
+      ## Closing Remarks
+
+
+      Reflecting on the achievements of our past committees like EAG and the Ecosystem Onboarding Committee, we anticipate the DeFi Committee will be instrumental in bolstering Starknet's DeFi growth. 
+
+
+      If you think you would be a valuable partner for the DeFi Committee, please submit proposals directly to: [email protected].