Nostra is a DeFi protocol on StarkNet, seeking to transform the lending and borrowing sphere with support from Tempus Labs. It aims to streamline DeFi for users by leveraging StarkNet's swift finality and lower costs.
What is Nostra
Here's how it works:
- Non-Custodial Liquidity Protocol: Allows users to lend or borrow crypto assets seamlessly.
- Anti-Contagion Mechanisms: Protects users from risks by separating exotic and blue-chip asset borrowing.
- Sub-Accounts: Offers the creation of up to 255 sub-accounts for better asset organization.
- Liquid Staking: Nostra introduces nstSTRK for earning staking rewards while maintaining liquidity.
- Seamless Integrations: Works with liquidity pools and AVNU (DEX aggregator) for efficient swaps and best price executions.
- Nostra Bridge: Facilitates transfers across over 20 blockchains in partnership with Layerswap.
In summary, Nostra tackles the fragmentation and complexity of the DeFi sector. By offering a unified platform for lending, borrowing, and swapping, it strives to create a more straightforward and reliable experience. With its innovative features and emphasis on user accessibility, Nostra is well-positioned to attract a new wave of users to the DeFi ecosystem.
Team of Nostra
Đorđe Mijović
Founder
Đorđe Mijović is a tech entrepreneur with over nine years of experience in software engineering, including roles at Ethereum, Microsoft, and co-founding Nostra and Tempus Finance. His expertise spans computer vision, web applications, and compilers, highlighted by his work developing a Solidity compiler for Ethereum. Mijović holds a Bachelor's degree in Computer Software Engineering from the University of Belgrade.
David Garai
Founder
David Garai, founder of Tempus and Nostra, has a rich background in law and business, including roles at Interlay, Linklaters, and Allen & Overy. He has expertise in finance, derivatives, and corporate law, highlighted by his tenure as Head of Operations and legal roles in Tokyo and London. Garai holds a Bachelor of Laws from The University of Manchester and an MA from BPP Law School.
Funding of Nostra
$55,810,000
IDO
Tokens sold: 138,310,000
$4,000,000
Startegic
Investors include: Divergence Ventures, Jump Capital, Distributed Globaal, GSR, Lemniscap, Launchub Ventures, Koji Capital, Supernova Fund, Tomahawk VC.
$1,900,000
Seed
Led by Lemniscap. Other investors include: Divergence Ventures, Wintermute, GSRm Launchub Ventures, Supernova Fund, Tomahawk VC.
Nostra review
Pros
Scalable & Efficient
Nostra uses StarkNet to make transactions faster and cheaper, improving access and user experience.
Unique Tools
It offers special options like asset position tokenization and liquid staking, boosting how well your capital works for you.
Safe Assets
With smart risk tools and the chance to separate accounts, it keeps your investments secure and risk-contained.
All-in-One DeFi
Combines loans, swaps, and more in one spot, making crypto simpler and drawing in more users.
Top Partners
Working with AVNU and Layerswap ensures you get good swap prices and easy cross-chain moves.
Cons
Contract Risks
Like any DeFi, Nostra faces the chance of smart contract bugs, risking your money.
StarkNet Reliance
Any issues with StarkNet could directly affect Nostra's performance.
Regulation Questions
Changing rules for DeFi and crypto could challenge Nostra's way of working.
Tech Growth
Layer 2 tech like StarkNet isn't fully adopted yet, which might slow Nostra down.