How Does Endur Work?
Endur is the only liquid staking protocol on Starknet, letting users stake STRK tokens and receive xSTRK — a liquid token that earns staking rewards while remaining usable across Starknet DeFi. With $14M in TVL and a points-based airdrop campaign, it dominates Starknet's LST market. The B risk grade reflects its clean track record and standard LST architecture, balanced against monopoly provider risk and Starknet staking infrastructure immaturity.
TVL
$10M
Sector
Liquid Staking
Risk Grade
B-
Value Grade
D
Core Mechanisms
3.4.2
xSTRK reward-bearing liquid staking token — STRK stakers receive xSTRK that accrues staking rewards while remaining liquid in Starknet DeFi
Standard reward-bearing LST pattern similar to wstETH
3.3.2
Pooled delegation — Endur distributes delegated STRK across Starknet validators on behalf of depositors
Standard pooled delegation like Lido
3.1.1
Staking rewards from Starknet protocol inflation distributed pro-rata to xSTRK holders via exchange rate appreciation
Standard staking reward distribution
7.3.1
Points system — daily points accumulated by holding or using xSTRK in DeFi applications, likely for future token airdrop
Standard points-to-token airdrop system
6.4.1
Exchange rate oracle tracking xSTRK/STRK ratio for DeFi integrations that use xSTRK as collateral or in pools
Standard LST exchange rate dependency
3.4.4
Unified xSTRK as single LST representing stake across multiple Starknet validators
Single unified LST — Lido model
How the Pieces Interact
As sole LST provider on Starknet, Endur's validator selection decisions affect network decentralization — poor validator selection could concentrate staking power
Points farming inflates xSTRK adoption metrics with mercenary capital — post-airdrop TVL exit could cause xSTRK depeg on thin Starknet DEX liquidity
If xSTRK exchange rate oracle lags during Starknet staking V2 transition or slashing events, DeFi positions using xSTRK as collateral could be mispriced
Starknet staking V2 economic model changes could alter reward rates — if rewards decrease, xSTRK yield drops and holders may unstake
Sole LST provider status combined with airdrop incentives creates temporary monopoly power — if a competitor launches post-airdrop, xSTRK could lose dominant position rapidly
What Could Go Wrong
- Only liquid staking provider on Starknet — single-provider dominance creates centralization risk for the entire Starknet staking ecosystem with no competitive alternatives
- Starknet staking infrastructure is still maturing through V2 upgrades — changes to validator responsibilities and economic models introduce transition risk for delegated stake
- xSTRK liquidity depends on Starknet DeFi ecosystem depth, which remains limited compared to Ethereum or Solana liquid staking markets
Starknet Staking V2 Transition Disrupts xSTRK
ModerateTrigger: Starknet staking V2 upgrade introduces breaking changes that affect Endur's delegation contracts or reward distribution mechanism
- 1.Starknet V2 staking upgrade changes validator economics or delegation rules — Endur contracts require migration or modification to remain compatible
- 2.Transition period creates uncertainty about xSTRK reward accrual continuity — Some xSTRK holders unstake preemptively to avoid transition risk
- 3.xSTRK sells on Starknet DEXs create temporary depeg from STRK — DeFi positions using xSTRK as collateral face liquidation risk
- 4.Migration takes longer than expected due to Cairo contract complexity — Extended uncertainty period reduces confidence in Endur's operational capability
Risk Profile at a Glance
Overall: B- (28/100)
Lower score = safer