Scroll to learn about the criteria for the NSTR airdrop to Points Season 2. At the end of the post you’ll find a detailed FAQ section.

NSTR Airdrop Criteria & Snapshot

This airdrop allocates 6.47 million NSTR (6.47% of the total supply) to reward our loyal users and active governance voters.

The only goal of the airdrop is to decentralize ownership of the Nostra protocol.

Here’s the criteria:

Users:

• 5.47 million NSTR (5.47% of total supply) is allocated to 131,444 participants of the Nostra Points Program Season 2.

• 131,459 wallets who accumulated points during Season 2 will receive NSTR linearly.

• The snapshot for the end of Points Season 2 was Tuesday 23 September 08:00 UTC.

• Points Season 3 will begin on day 1 on Monad mainnet.

Active Governance Voters:

• 1 million NSTR (1% of total supply) is allocated to reward active governance voters.

• An active governance voter is a wallet that meets two conditions:

  1. Has voted at least on one of our 13 governance proposals with at least 10,000 NSTR.

  2. Held at least 10,000 NSTR in the same wallet at the time of the snapshot.

How to Claim the NSTR Airdrop

There is no “airdrop checker”. If you participated in Points Season 2 and accumulated points, you will be able to claim on Starknet.

Just go to app.nostra.finance/airdrop and connect your wallet. If you accumulated points, click “claim”. Make sure you have some gas in your Starknet wallet!

Active governance voters will receive their allocation directly in their wallets, no need to claim. Starknet voters will receive it on Starknet, Ethereum voters will receive it on Ethereum.

NSTR from Season 2 will be claimable until Sunday, 30 November 2025, 09:00 UTC. Unclaimed NSTR tokens will return to the protocol treasury.

Points Season 3 and Future Airdrop

Season 3 will run only on Monad mainnet for at least 6 months. It will start on day 1 of Monad mainnet. The final duration, allocation, and criteria will be decided through governance in the coming months.

FAQs about Points Season 2 Airdrop

How can I check my NSTR allocation?

• There is no “airdrop checker”. If you participated in Points Season 2, or if you actively voted in governance and held your NSTR, you qualify for the airdrop.

• Just go to app.nostra.finance/airdrop and connect your wallet. If you accumulated points on Starknet, you’ll see a “Claim” button. Make sure you have enough gas to cover the claiming transaction.

Why are users rewarded linearly to their points?

• NSTR is a governance token. The only goal of the airdrop is to decentralize ownership of the Nostra protocol.

• Nostra’s success is based on its TVL, so the fairest way to decentralize ownership of the protocol is to put the governance tokens in the hands of the users who contribute more to the TVL.

• Users who deposit large amounts of liquidity (commonly known as “whales”) have more at stake than small holders, and they deserve to have a say in the future governance of the protocol.

Why are you rewarding active governance voters?

• We understand that not everybody is a “whale”, and we needed to find a way to reward strong believers in Nostra. That’s why we decided to look at who’s been actively participating in the governance votes.

• To make it as open as possible, the main criteria is to have voted in at least one vote since governance began (17th July 2024).

Why the minimum of 10,000 NSTR criteria for active governance voters?

• We needed to establish some criteria to avoid sybil voters (wallets that vote with a minuscule amount of tokens) and wallets that, although they voted in the past, stopped holding NSTR.

• For context, NSTR total supply is 100 million. At the time of writing, NSTR market capitalization is around $1.5 million. This means that holding 10,000 NSTR means holding a 0.01% of the total supply, or about $150 in dollar terms.

• We think that these figures represent a low entry barrier for all participants, while still owning a meaningful share of the token supply. Above all, we want to support token holders who took the time to actively participate in governing the future of the protocol.

I voted once with 10,000 NSTR and then sold them, why can’t I claim the airdrop?

• NSTR is a governance token. The only goal of the airdrop is to decentralize ownership of the Nostra protocol.

• If you voted once and then sold the NSTR, it signals that you’re no longer interested in governing Nostra.

I voted once with 10,000 NSTR and then moved the tokens to a different wallet, why didn’t I receive the airdrop?

• To avoid duplicating rewards to people who moved their NSTR from wallet to wallet, we set the criteria that an active governance voter will be a wallet that was used for voting with at least 10,000 NSTR and still held the 10,000 NSTR at the time of the snapshot.

  • Example 1: Wallet A voted with 10K NSTR, then owner transferred the 10K NSTR to Wallet B, voted again and kept NSTR there at the time of snapshot. In this example, only Wallet B would qualify for the airdrop.

  • Example 2: Wallet C voted with 10K NSTR, then owner transferred the 10K NSTR to Wallet D, and didn’t vote any more. In this example, no wallet would qualify for the airdrop.

Are there any rewards for Discord participation?

• Season 2 rewards Starknet users and active governance voters. There is no allocation for Discord.

• Season 3 will run only on Monad mainnet for at least 6 months. It will start on day 1 of Monad mainnet. The final duration, allocation, and criteria will be decided through governance in the coming months.

Until when can I claim my airdrop?

• NSTR from Season 2 will be claimable until Sunday, 30 November 2025, 09:00 UTC. Unclaimed NSTR tokens will return to the protocol treasury.

Closing Words

The goal of this NSTR Season 2 airdrop is to decentralize ownership of the Nostra protocol. We’re very excited for the deployment of Nostra on Monad mainnet, where Season 3 will begin on day 1.

Join us as we embark on this exciting new chapter. Make your voice heard on the governance forum. Together, we are shaping the future of decentralized finance.

Get ready to participate in the upcoming Season 3 on Monad!

Most importantly, only click on links provided by the official social media handles of Nostra.

Here's what we've accomplished together:

Major Milestones:

🚀 Nostra Money Market became the most successful lending protocol on Starknet mainnet.

🚀 Introduced Nostra Pools for enhanced liquidity.

🚀 Added mobile support to make DeFi accessible anywhere.

🚀 Successfully launched NSTR with fully circulating supply, now listed on Gate and MEXC.

Impressive Figures:

• Nostra has consistently led in TVL on Starknet, peaking at $300 million!

• Total DEX volume over $750 million.

• Nostra has generated over $1,066,426.49 in revenue.

• Over 250,000 users have tried Nostra.

• Our users received over 25 million in STRK incentives.

• Distributed 9 million NSTR to users in Airdrop 1.

• Awarded 1 million NSTR to our amazing community members.

• NSTR has 37,000 holders.

And here’s what we have in store for 2025.

Next Year:

• Introducing Nostra Institutional, allowing NSTR holders to capture value from real-world assets (RWA).

• Making Nostra the permissionless Bitcoin DeFi hub as soon as OP_CAT goes live on Starknet.

• Expanding NSTR liquidity to Base, Arbitrum, Ethereum, Solana, and BSC.

• Launching a global marketing campaign to boost NSTR awareness on X, TikTok, Telegram and other social channels.

• Establishing a BTC and ETH strategic reserve, making NSTR the "on-chain MicroStrategy" and solidifying the future of Nostra.

• Rewriting our smart contracts to be EVM-compatible; deploying on Monad soon!

• Upgrading Nostra Swap to a fully optimized DEX aggregator on EVM.

• Exploring implementing a buyback & burn strategy to increase buying pressure on NSTR, benefiting all holders.

• Listing NSTR in several Tier 1 centralized exchanges.

• Developing the Nostra mobile app for iOS and Android to bring DeFi to everyone!

Thank you to our incredible community for being part of this journey.

This is just the beginning.

Strap in for Year 3.

ALL IN NOSTRA 🌹

By integrating the industry-leading decentralized computing platform, Nostra has access to high-quality, tamper-proof price feeds needed to secure its lending and borrowing pools for various assets, including BTC, DAI, ETH, LINK, STRK, and USDC.

This will provide our users with stronger assurances that operations on our protocol are underpinned by accurate and reliable price data.

Our initial integration involves the use of the following Chainlink Price Feeds: BTC/USD, DAI/USD, ETH/USD, LINK/USD, STRK/USD, USDC/USD, USDT/USD, and wstETH/ETH.

We chose Chainlink as our preferred oracle solution because its infrastructure is seamless to integrate and time-tested in production. As the most widely adopted price data standard in Web3, Chainlink already helps secure leading DeFi protocols responsible for tens of billions of dollars in smart contract value, maintaining robust security and high availability even amidst unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans.

Nostra is a multifaceted yet easy-to-use DeFi app that enables users to easily provide liquidity, stake, swap tokens, and more. Our mission is to onboard the next 1 billion crypto users by enabling users to seamlessly manage their crypto assets and transactions through a single, user-friendly platform. Already a leading DeFi protocol, integrating Price Feeds will drive even greater adoption of Nostra through DeFi Spring on Starknet.

In order to help secure our lending and borrowing pools, Nostra needs access to fresh asset prices that are highly reliable and supplied directly onchain. Fair market asset prices should reflect a volume-weighted average from all trading environments. Thus, we need to use an oracle network to fetch aggregated price data offchain and deliver it onchain to be consumed by our application.

After reviewing various oracle solutions, we integrated Chainlink Price Feeds because they provide a multitude of critical features such as:

• High-Quality Data — Chainlink Price Feeds source data from numerous premium data aggregators, leading to price data that’s aggregated from hundreds of exchanges, weighted by volume, and cleaned of outliers and wash trading. Chainlink’s data aggregation model generates more precise global market prices that are inherently resistant to inaccuracies or manipulation of any single or small set of exchanges.

• Secure Node Operators — Chainlink Price Feeds are secured by independent, security-reviewed, and Sybil-resistant oracle nodes run by leading blockchain DevOps teams, data providers, and traditional enterprises. Chainlink nodes have a strong track record of reliability, even during high gas prices and infrastructure outages.

• Decentralized Network — Chainlink Price Feeds are decentralized at the data source, oracle node, and oracle network levels, generating strong protections against downtime and tampering by either the data provider or oracle network.

• Transparency—Robust, publicly available reputation frameworks and onchain monitoring tools allow users to independently verify the historical performance of node operators and oracle networks, as well as check the real-time prices being offered.

“We’re excited to integrate the industry-standard Chainlink Price Feeds to help secure our lending and borrowing pools, increasing user confidence and driving adoption as we strive to onboard the next 1 billion crypto users.”

Richard Thomas-Pryce, CEO of Nostra

About Nostra

Nostra is the crypto Super App where you can fulfill all your crypto needs in one place. Say goodbye to navigating multiple applications and hello to a seamless crypto experience.

With Nostra, you can lend, borrow, swap, and bridge cryptocurrencies. Whether you're looking to earn interest, trade assets, or diversify your portfolio, Nostra offers a secure and user-friendly interface ready to onboard the next one billion users.

Scroll to learn about the outcome of the NSTR LBP, the criteria for Airdrop 1, the launch of Points Season 2, and details about NSTR trading going live on Monday 17 June, 2024.

NSTR LBP Outcome

We’re thrilled to announce the successful conclusion of our Liquidity Bootstrapping Pool (LBP) for NSTR!

• Funds Raised: $974,800

• Tokens Released: 5,452,944 NSTR

• Final Price: $0.21765

• FDV: $21,010,000

LBP buyers can redeem their NSTR on Fjord Foundry’s website.

The LBP was designed to provide a fair and transparent launch, and with over 5.4 million NSTR distributed, we’ve set a strong foundation for our community.

100% of the proceeds will go to the Nostra Treasury, governed and owned by NSTR holders, and will become protocol-owned DEX liquidity split between Ethereum mainnet and Starknet.

Also, the first 100 buyers who bought $100 worth of NSTR and didn’t sell during the LBP will be able to claim a commemorative NFT.

Thanks to your support, we have secured robust liquidity and ensured a healthy start for NSTR. NSTR will become tradable on Monday 17 of June at 14:00 UTC.

NSTR Airdrop 1 Criteria & Snapshot

The first airdrop allocates 11 million NSTR (11% of the total supply) for our users and active community members.The goal of distributing NSTR to the community is to decentralize the protocol and begin a governance process.

Here’s the criteria:

Users:

• 10 million NSTR (10% of total supply) is allocated to 217,789 participants of the Nostra Points Program Season 1.

• The Snapshot for the end of Points Season 1 matches the end of the NSTR LBP: Thursday 13 June 14:00 UTC.

• 217,789 participants who accumulated 298,715,000,000 points during Season 1 will receive NSTR linearly.

• Points Season 2 began at the same snapshot time as the end of Season 1. Nostra users are already accumulating Points for Season 2. More details below.

Active Community Members:

• 1 million NSTR (1% of total supply) is allocated to reward the Discord members who kept the server alive by actively participating.

• All Discord members with 20 or more messages from the creation of the server (28 July 2022) until Friday 7 June 2024 11 AM UTC were given the temporary role Famiglia.

  • A total of 577 Discord members qualified for the role.

  • NOTE: messages sent in the bg-gm and internal channels do not count.

• All Famiglia role holders were given access to a special channel on Discord where they could submit their wallets until Thursday 13 June, at 14:00 UTC (same date as the end of the LBP and Points Season 1 Snapshot).

  • Several reminders were sent to make sure active role holders submitted their wallets.

  • 308 Famiglia role holders submitted their wallets in time.

• The split of the 1 million NSTR is as follows:

  • 500K NSTR equally split amongst 308 submitted wallets.

  • 500K NSTR rewarded linearly based on the number of messages sent by the 308 Discord members who submitted wallets.

By recognizing both users and active community members, we ensure a fair and meaningful distribution for those who have supported us.

How to Claim the NSTR Airdrop

There will be no “airdrop checker”.

If you participated in Points Season 1, or if you submitted your wallet in time as an active Discord member, you will be able to claim.

All airdrop recipients will be able to claim NSTR on Starknet on Monday, June 17. A link to a claim page will be provided then.

NSTR from Airdrop 1 will be claimable until Friday 13 September 2024, 14:00 UTC. Unclaimed NSTR tokens will return to the protocol treasury.

And this is just the beginning!

Points Season 2 and Future Airdrops

We automatically launched Points Season 2, offering more opportunities to earn and engage with the Nostra ecosystem.

Season 2 will have different parameters from Season 1, so expect a different “points-to-NSTR” ratio.

Season 2 will run for at least 6 months, and started on Thursday 13th June, at 14:00 UTC. The final date, allocation, and criteria will be decided through governance in the coming months.

Here’s how you can participate:

• Collect Points: Lend and borrow in the Nostra Money Market, provide liquidity in Nostra Pools, and use Nostra swap to accumulate points.

• Boost Your Points: Early and active contributors will see their efforts pay off with boosted points and multipliers. We will release multipliers and boosted campaigns in the coming weeks.

• Active Community Members: Community members who keep the Discord server alive and promote Nostra on X during Season 2 will be considered for future airdrops.

  • The Famiglia Discord role from airdrop 1 has been deleted and must be earned for future airdrops.

  • The approach for measuring active Discord members in future airdrops could change compared to airdrop 1.

  • One thing is certain: active members will earn the Famiglia role and be rewarded.

Season 2 is all about rewarding continuous engagement and loyalty. Stay active and keep participating!

NSTR Trading Information

Mark your calendars for the beginning of trading on June 17, 2024, at 14:00 UTC. This event will officially launch NSTR into the open market.

NSTR will be available on both Ethereum and Starknet. All tokens will be unlocked at launch, ensuring a transparent and fair start.

Depending on external factors like oracles and price feeds, NSTR will be added to Nostra Money Market and Nostra Pools shortly after.

This marks a significant milestone in our journey. We look forward to your participation and support as we continue to grow and innovate.

Closing Words

The goal of launching NSTR and distributing it to the community is to decentralize the protocol and begin a governance process where active members of the Nostra DAO can participate in the future growth of Nostra, as we continue to build the crypto super app.

Join us as we embark on this exciting new chapter with NSTR.

Make your voice heard on the governance forum. Together, we are shaping the future of decentralized finance.

Stay tuned for more updates and opportunities to engage with Nostra!

Most importantly, only click on links provided by the official social media handles of Nostra.

• Will NSTR be listed on centralized exchanges?

  • We are in discussion with centralized exchanges to list NSTR on or around the TGE date (17 June).

Official Links

NSTR LBP: https://app.fjordfoundry.com/pools/0xe9C6FACC1205565d0625407EB55d0236B411730d

NSTR Smart Contract Addresses:

• Ethereum: 0x610dbd98a28ebba525e9926b6aaf88f9159edbfd

• Starknet: 0xc530f2c0aa4c16a0806365b0898499fba372e5df7a7172dc6fe9ba777e8007

Official Site: https://nostra.finance/

Docs: https://docs.nostra.finance/

Twitter: https://twitter.com/nostrafinance

TG: https://www.t.me/nostrafinance

Discord: https://discord.gg/nostrafinance

Governance Forum: https://www.nostra.family/

• LBP: https://app.fjordfoundry.com/pools/0xe9C6FACC1205565d0625407EB55d0236B411730d

  • Starts: June 10 @ 14:00 UTC

  • Ends: June 13 @ 14:00 UTC

• Supplied Tokens: 12,000,000 NSTR (12% of supply)

• Start Weights: 95% NSTR / 5% USDC

• End Weights: 50% NSTR / 50% USDC

• Proceeds Allocation: 100% of the proceeds will go to the Nostra Treasury to become protocol-owned DEX liquidity on Ethereum mainnet and Starknet

• Smart Contract Address: 0x610dbd98a28ebba525e9926b6aaf88f9159edbfd

Introducing Nostra

Nostra is more than just another DeFi platform; it's a movement aimed at bringing decentralized financial services to the masses. Our mission is to simplify crypto and make it accessible to everyone. Since our inception in August 2022, Nostra has grown exponentially, holding over 70% of the total value locked (TVL) on Starknet, with more than $280 million secured by our platform.

We have built a user-friendly platform that brings together essential crypto tools in one place. With Nostra, you can:

• Lend & borrow

• Make payments

• Swap tokens

• Bridge across blockchains

• Mint stablecoins

• Stake & earn

Nostra's Success and the Next Step: LBP

Our growth has been driven by our dedicated community and the innovative solutions we've provided. With $280 million in Total Value Locked (incl. borrows), $90 million in lifetime swap volume, 484,000 verified users, and 35,000 daily active users, Nostra has established itself as a leading DeFi application on Starknet. Nostra is also among the top 100 DeFi protocols.

The next step in our journey is the launch of our Liquidity Bootstrapping Pool (LBP) for the NSTR token. This event is designed to offer the fairest launch in DeFi with a transparent token pre-sale.

What’s an LBP?

An LBP (Liquidity Bootstrapping Pool) is a special type of liquidity pool designed for token sales that aim for a fair and transparent pricing for new tokens.

Unlike traditional sales, where early buyers can often buy large quantities at low prices, an LBP adjusts the price of the token dynamically, ensuring that everyone has a fair chance to participate.

Why are we doing an LBP?

We are conducting an LBP for the pre-sale of the NSTR token to ensure a fair distribution.

In recent times, the cryptocurrency market has witnessed numerous token sales designed to achieve artificially inflated starting prices, benefiting only insiders. These inflated prices are often orchestrated through collaborations between exchanges and market makers, creating an unfair advantage for a select few.

However, a liquidity bootstrapping pool (LBP) offers a completely different and more equitable approach. The LBP pricing mechanism is open, fair, and transparent, ensuring everyone has the same opportunity to buy the token at any given price.

This transparency prevents manipulation and promotes a healthier market dynamic, where the price naturally adjusts based on genuine demand and supply, allowing for a more honest and fair token distribution.

Using an LBP can prevent early whales from dominating the sale and ensure that our tokens are accessible to a broader audience.

This approach promotes a more decentralized and fair token distribution, aligning with our values and long-term vision.

Features of the LBP

• Fair and Transparent Price Discovery: Prices adjust dynamically to ensure fairness.

• Accessibility: Designed to prevent early domination by large buyers.

• Community-Centric: Encourages a more decentralized distribution of tokens.

Key Details

• LBP: https://app.fjordfoundry.com/pools/0xe9C6FACC1205565d0625407EB55d0236B411730d

  • Starts: June 10 @ 14:00 UTC

  • Ends: June 13 @ 14:00 UTC

• Supplied tokens: 12,000,000 NSTR (12% of supply)

• Start weights: 95% $NSTR / 5% USDC

• End weights: 50% $NSTR / 50% USDC

• Proceeds Allocation: 100% of the proceeds from the LBP will go to the Nostra Treasury to become protocol-owned DEX liquidity on Ethereum mainnet and Starknet.

• Smart Contract Address: 0x610dbd98a28ebba525e9926b6aaf88f9159edbfd

Tokenomics

The total supply will be 100,000,000 NSTR. The NSTR allocations are outlined below:

Treasury: 12% of these tokens will be supplied to the LBP, and any remaining tokens will go back to the Treasury. The Treasury will be controlled by the Nostra DAO, which will use it to support the growth of the Nostra ecosystem.

Airdrop: 11% has been allocated to award our community members who have helped and supported Nostra in its rise to being the number one DeFi application on Starknet.

Future airdrops: 14% has been allocated to future airdrops as loyal users, existing and new, should be rewarded for their commitment.

Team: 23.77% has been allocated to reward the existing and future team members who have played integral roles in building Nostra since its inception in 2022.

Investors: Nostra has raised ~$5.9mm so far. 26.23% of NSTR supply has been allocated to the investors who helped fund its development.

How to Participate in the LBP

• Get your wallet ready: If you don’t have a crypto wallet, create one using Metamask, Trust Wallet, or any compatible wallet.

Ensure your wallet is connected to the Ethereum network. You’ll need some ETH in your wallet to cover transaction fees. You will need USDC to participate in the LBP.

• Find the NSTR LBP on FjordFoundry: Visit the FjordFoundry website and connect your wallet.

Once there, locate the NSTR Liquidity Bootstrapping Pool on FjordFoundry. It will be listed under the active pools section.

• Buy NSTR

Enter the amount of USDC you wish to use to buy NSTR, confirm the transaction details and approve the transaction in your wallet.

Wait for the transaction to be processed on the Ethereum blockchain.

Once the transaction is confirmed, the NSTR tokens will be deposited into your wallet. NSTR won’t be tradable until the Token Generation Event (TGE) on June 17th.

The LBP will adjust prices dynamically over 72 hours. You can choose to buy at any point during this period.

What’s Next After LBP

Once the LBP is finished, the Nostra team will use 100% of the LBP proceeds to launch two liquidity pools, one on the Ethereum mainnet, and another on Starknet.

NSTR will live both on Ethereum and Starknet.

Users will be able to bridge between both networks using the official Starkgate bridge.

We’re working to add NSTR to other bridges.

The NSTR smart contract addresses are:

Ethereum: 0x610dbd98a28ebba525e9926b6aaf88f9159edbfd

Starknet: 0xc530f2c0aa4c16a0806365b0898499fba372e5df7a7172dc6fe9ba777e8007

The Token Generation Event (TGE) will take place on 17 June with 100% of the NSTR supply fully unlocked.

There will also occur a token airdrop for the most active users and community members. We’re working to get NSTR listed on several centralized exchanges.

Decentralized governance will begin from that point. The governance forum is already set up and ready to start working.

Links

• Official Site: https://nostra.finance/

• Docs: https://docs.nostra.finance/

• Twitter: https://twitter.com/nostrafinance

• TG: https://www.t.me/nostrafinance

• Discord: https://discord.gg/nostrafinance

• Governance Forum: https://www.nostra.family/

• Tokenomics: 100,000,000 NSTR, 100% unlocked on launch.

  • 11% airdropped to the community on TGE.

• Launch Events:

  • Liquidity Bootstrapping Pool (LBP): 10-13 June (All proceeds go towards DEX liquidity)

  • Token Generation Event (TGE), including airdrop: 17 June

Introducing the NSTR Token

The NSTR token is not just a digital asset, it is the fuel for our exponential growth, and the symbol of La Famiglia's shared ambition to onboard the next 1 billion crypto users.

So much, that even the token ticker was chosen after a series of public polls on X.

Our loyal community will now be able to enjoy the success of Nostra's growth as we continue to onboard the next 1 billion users.

As of today, Nostra holds over 70% of the total value locked on Starknet with more than $270 million secured by Nostra, and we are still early.

NSTR Tokenomics

The total supply will be 100,000,000 NSTR.

The NSTR allocations are outlined below:

At launch, 100% of the NSTR supply will be unlocked, ensuring a fair valuation from day 1.

This approach is designed to prevent the overhang of future token unlocks, and prolonged dumps on retail investors, promoting a healthier market dynamic.

NSTR will be the fairest launch in DeFi, with 100% of the supply unlocked at launch, a Liquidity Bootstrapping Pool (LBP) pre-listing event to fund DEX liquidity and facilitate ample price discovery, and an airdrop to the most active users and community members. All proceeds will go towards Treasury-owned DEX liquidity.

This ensures everyone has the chance to be a part of La Famiglia.

Governance

NSTR will serve as the governance token for the Nostra ecosystem.

It will empower La Famiglia to have a significant voice in the platform's development and future direction.

NSTR is more than a token. NSTR symbolizes ownership and a shared commitment to Nostra’s vision to become a global leader in bringing decentralized financial services to the masses.

You can build this vision by joining the governance forum. Engage with the community and participate in shaping the future of Nostra.

Check it out: https://www.nostra.family/

Important Dates

• Snapshot: Soon(TM)

• Liquidity Bootstrapping Pool (LBP): 10 June to 13 June

  • More information on this will be available shortly.

• Token Generation Event (TGE): 17 June

Smart Contract Addresses

• Ethereum:

  • 0x610dbd98a28ebba525e9926b6aaf88f9159edbfd

• Starknet:

  • 0xc530f2c0aa4c16a0806365b0898499fba372e5df7a7172dc6fe9ba777e8007

These are the only official NSTR token addresses, beware of scammers!

The Next Chapter: Nostra, the Crypto Super App

Imagine a world where crypto is simple and easy to use. Today’s crypto world is complicated, with different apps for different things, making it confusing for everyone.

Nostra is here to change that. We have built a user-friendly platform that brings together the most important crypto tools in one place. With Nostra, you’ll be able to:

• Lend & borrow

• Make payments

• Swap tokens

• Bridge across blockchains

• Mint stablecoins

• Stake & earn

And much more.

Our goal is to make crypto easy and accessible for everyone. By offering a secure, easy-to-use, and all-in-one solution, we want to onboard the next billion users into crypto. This is the start of a new era of financial freedom and inclusion.

As we keep improving, we see a future where managing your crypto is as easy as checking your phone. We’re not just building an app; we’re building the future of finance.

Since we started in August 2022, our growth has shown the strength and dedication of our community. At the time of writing, Nostra holds over 70% of all Starknet’s TVL.

The NSTR token will be at the heart of our ecosystem, giving our community the power to shape Nostra’s future.

As we move forward, NSTR will help us reach our full potential. It’s more than just a governance token; it’s a key to the future we’re building together.

With NSTR, our community will help drive innovation and guide our success.

Nostra isn’t just a product; it’s a movement.

Join us on this journey.

Together, we are Nostra.

We are the future of finance.

In this post, we'll explore what UNO is, its main features, and provide resources for further exploration.

What is UNO?

UNO is a USD stablecoin built by Nostra. It has a  USD reserve-backed model, ensuring each UNO token is backed by either 1 USDC or $1 of cash.

This approach mirrors successful models used by prominent stablecoins such as USDC and USDT, offering a reliable and straightforward mechanism for minting and redeeming UNO.

Why UNO Stands Out

• USD Reserve-Backed: Each UNO is backed by 1 USD or 1 USDC, ensuring stability and trust.

• Buy or sell 1 UNO for 1 USDC: Institutional partners will be able to mint and redeem UNO using USD cash. Users can easily buy and sell UNO for 1 USDC at a maximum fee of 0.10% via Nostra Swap.

• High Launch Circulation: We are capping the initial circulating supply of UNO to 10 million. We will only increase this number if we see signs of adoption, decentralization of user base, and volume traded.

• Strategic Partnerships: Our focus on partnering, especially with gaming protocols,  DeFi, and NFTs, and memecoins, aims to establish UNO as the go-to stablecoin for an array of uses across Starknet and beyond.

Integrations Ahead

We're on the lookout for protocols interested in integrating UNO as their stablecoin of choice.

If you're involved in a gaming project or know one that could benefit from integrating UNO, we’d love to connect.

Wrap Up

Our transition to a USD reserve-backed design marks a significant milestone in UNO's development. After two years of dedicated effort, we're thrilled to introduce a more secure and efficient stablecoin solution, moving away from the previously planned over-collateralized model.

You can read more about UNO here.

UNO is not available to residents of the United States, the European Union, and certain other geographies. Please see the terms and conditions for more information.

Join Us

Nostra and Starknet are more than platforms; we're a movement towards a more inclusive, efficient, and secure financial future.

We invite you to join us on this journey as we continue to grow and innovate. Together, we will redefine what's possible when users have access to the best crypto super app.

Start using Nostra and participate in the Points program. Big things are coming your way very soon.

You can also join La Famiglia, the community server that is the living beat of our product.We’re waiting for you.

After a successful phase 1, Starknet is kickstarting the DeFi Spring incentives program for Money Markets.

We are happy to announce that Nostra will receive an incentive allocation, denominated in STRK tokens, that will be shared with the lenders on Nostra Money Market.

Let's delve into the mechanics of this distribution and what it means for lenders.

Understanding the Distribution Mechanism

The incentive distribution process is designed to reward the most active and loyal participants in the Nostra money market.

The rewards, denominated in STRK tokens, are allocated based on users' non-recursive lending supply.

Here's a breakdown of how it works.

Determine the individual non-recursive supply

Given a token XYZ, the non-recursive supply is the amount of XYZ tokens a user has lent minus the amount of XYZ tokens the user has borrowed.

Let’s assume Alice has deposited 100 ETH for lending and collateral to borrow 50 ETH. Alice’s non-recursive supply can be determined with the following formula:

nonrecursive supply=max⁡(0, lending supply-borrowing supply)

In this case, Alice’s non-recursive supply equals 50 ETH tokens.

If Alice had deposited 100 ETH tokens together with 200 STRK tokens and borrowed 150 ETH tokens, the non-recursive supply of ETH tokens would have been zero, as the borrowing supply is higher than the lending supply.

Determine the individual share of each token’s total non-recursive supply

The second step in the distribution process involves monitoring the lenders’ activity over a lookback period of two weeks - the same period as the Starknet DeFi incentive campaign.

During this period, Nostra calculates the share of each user's non-recursive lending supply on a daily basis.

This calculation is done by dividing each user's non-recursive supply by the total non-recursive supply for each token.

This approach ensures a fair and transparent allocation of rewards, directly correlating the incentives with the level of participation and commitment of the lenders.

Distribution to Nostra Money Market

Nostra is set to receive STRK incentives determined by an objective function that evaluates KPIs indicative of organic user engagement, including TVL and lending APR.

These incentives will then be distributed to lenders across the respective assets, adhering to the same proportional allocation based on these metrics.

Users can earn STRK incentives by lending the following tokens:

✨ STRK

✨ ETH

✨ USDC

✨ USDT

Example

Alice has deposited $100,000 worth of STRK for lending and collateral and borrowed $ 10,000 ETH and $ 20,000 STRK for two weeks. Since the launch of the incentive program, the STRK non-recursive lending supply has reached $1m TVL in the first week and $2m TVL for the whole second week.

Alice’s share of the STRK non-recursive supply equals 8% in the first week and 4% in the second week. The calculation below shows her share for the first week:

Bob has provided $10,000 worth of ETH and $50,000 worth of WBTC for lending and collateral to borrow $ 20,000 worth of ETH for two weeks. Since WBTC is currently not included in the campaign, Bob would only be eligible for incentives on his ETH deposit for lending. However, his non-recursive supply is equal to zero since he borrowed more ETH than his ETH lending supply.

Let’s assume a hypothetical total incentive budget of 10,000 STRK for the first two weeks with the STRK non-recursive supply.

Alice would then receive the following:

Claiming the Incentives

After the initial two-week lookback period, lenders can claim their STRK incentives based on their activity during the previous weeks.

The first round of STRK claims for Nostra Money market will be live on 28th March for activity starting 14 March 2024.

DeFi Spring rounds are currently run every two weeks.

The Impact on the DeFi Ecosystem

The introduction of STRK incentives on Nostra not only rewards existing lenders but also attracts new participants to the ecosystem, bolstering liquidity and enhancing the overall stability of the Starknet DeFi market.

By aligning rewards with user activity, Nostra is paving the way for a more vibrant and robust DeFi future.

Join the DeFi Spring on Starknet by putting your capital at work on Nostra!

nstSTRK empowers you to benefit from future staking rewards for securing the network, while also allowing you to use nstSTRK in DeFi.

The launch of nstSTRK reflects Nostra’s goal of being the integral DeFi infrastructure provider of Starknet.

What is nstSTRK?

nstSTRK is a liquid staking token. Users can instantly stake their STRK for nstSTRK, or unstake nstSTRK for STRK, via the Nostra super app.

Holders of nstSTRK maintain their liquidity, earn points, and explore opportunities within DeFi while eventually earning yield from Starknet staking when it launches in the upcoming months.

The purpose of launching nstSTRK now is twofold:

• Nostra aims to build the initial crucial liquidity to boost the adoption of nstSTRK during this initial phase before Starknet's staking begins

• Users can pool assets for the launch of Starknet staking to help secure the network on Day 1

Note: nstSTRK is not issued by Starkware or the Starknet Foundation. It is the Nostra liquid staking token for STRK.

How does nstSTRK work?

nstSTRK is a value-accruing ERC-20 token that implements the ERC-4626 tokenized vault standard. This means the balance of users' wallets does not change; however, the value in STRK does as the rewards accrue in the staking pool.

Before Starknet’s staking goes live, Nostra allows users to stake STRK and receive nstSTRK in return to continue using it in the Starknet ecosystem.

The STRK staked with Nostra will remain in the Nostra STRK staking pool until Starknet’s staking goes live.

Once staking goes live, the STRK staked with Nostra will be deposited into the STRK staking pool for staking rewards that will be accrued to nstSTRK holders.

How will Starknet staking work?

Starknet is transitioning to a decentralized proof-of-stake protocol, and they recently wrote about the road towards decentralization whereby STRK staking will come in stages.

Based on the current proposal, the first stage focuses on onboarding stakers by rewarding them with initially minted STRK tokens. This step is crucial to accumulate a sufficient amount of value staked to make it economically robust to decentralize the sequencer and prover.

The proof-of-stake mechanism requires holders to stake their STRK tokens, locking their liquidity in return for staking rewards. nstSTRK enables Stakers to secure the network for staking rewards while keeping their liquidity to continue using DeFi applications such as Nostra.

Note: The exact details for Starknet’s staking mechanism details have yet to be finalized and are subject to change.

Using nstSTRK

The seamless utility of liquid staking tokens is integral to its success, which is why Nostra will be partnering with leading protocols in the Starknet ecosystem to integrate nstSTRK.

At launch, nstSTRK will be fully integrated within Nostra Pools and Money Market to provide liquidity and lending.

We will continue to work on increasing the number of integrations as a priority.

Staking points Of course, nstSTRK holders will be rewarded with Nostra points for contributing to the success of the protocol, like using nstSTRK in the Nostra Money Market, or providing liquidity in Nostra Pools.

More information will be provided closer to the launch.

Boundless liquidity for endless opportunities

There are around $951 million worth of idle STRK tokens on Starknet waiting to be staked on Nostra, allowing holders to earn future staking rewards while exploring DeFi opportunities. ​​

The introduction of nstSTRK creates endless opportunities for Starknet stakers, providing a way to continue using your liquidity while securing Starknet and making the most out of DeFi.

This hugely benefits the Starknet ecosystem by making it more attractive for users to stake without having to remove liquidity from the ecosystem.

Join Us

Nostra and Starknet are more than platforms; we're a movement towards a more inclusive, efficient, and secure financial future.

We invite you to join us on this journey as we continue to grow and innovate. Together, we will redefine what's possible when users have access to the best crypto super app.

Start using Nostra and participate in the Points program. Big things are coming your way very soon.

You can also join La Famiglia, the community server that is the living beat of our product.

We’re waiting for you.

Starknet is kickstarting the DeFi Spring incentives program. We are happy to announce that Nostra will receive an incentive allocation, denominated in STRK tokens, that will be shared with the Nostra Pools liquidity providers (LPs).

Let's delve into the mechanics of this distribution and what it means for liquidity providers (LPs).

Understanding the Distribution Mechanism

The incentive distribution process is designed to reward the most active and loyal participants in the Nostra pools.

The rewards, denominated in STRK tokens, are allocated based on users' activity on Nostra Pools.

Here's a breakdown of how it works.

Allocation Based on Activity

The first step in the distribution process involves monitoring the activity of LPs over a lookback period of two weeks - the same period as the Starknet DeFi incentive campaign.

During this period, Nostra calculates the share of each user's pool participation on a per-block basis.

This calculation is done by dividing each user's LP token balance by the total LP token supply at that block.

This approach ensures a fair and transparent allocation of rewards, directly correlating the incentives with the level of participation and commitment of the LPs.

Distribution to Nostra Pools

Nostra is set to receive STRK incentives for various STRK pools, determined by an objective function that evaluates KPIs indicative of organic user engagement, including trading fees generated and the total liquidity contributed.

These incentives will then be distributed to LPs across the respective pools, adhering to the same proportional allocation based on these metrics.

Users can earn STRK incentives by providing liquidity in these pools:

• STRK/USDC

• STRK/ETH

• ETH/USDC

• USDC/USDT

Example

Alice has provided $10,000 worth of liquidity in the STRK/USDC pool for two weeks. Since the launch of the incentive program, the pool has gathered $1m TVL in the first week and $2m TVL for the whole second week. Alice’s share of the pool is then equal to 1% in the first week and 0.5% in the second week.

Bob has provided $10,000 worth of liquidity in the STRK/ETH pool for two weeks. Since the launch of the incentive program, the pool has gathered $500k TVL in the first week and $1m TVL for the whole second week. Bob’s share of the pool is then equal to 2% in the first week and 1% in the second week.

Let’s assume a hypothetical total incentive budget of 10,000 STRK for the first two weeks with the STRK/USDC and STRK/ETH pools receiving 6,000 STRK and 4,000 STRK respectively.

Alice would then receive the following:

Bob would receive the following:

Claiming the Incentives

After the initial two-week lookback period, LPs can claim their STRK incentives based on their activity during the previous weeks.

The first round of STRK claims for Nostra Pools will be live on 7 March 2024, for activity starting from 22 February 2024.

The Impact on the DeFi Ecosystem

The introduction of STRK incentives on Nostra not only rewards existing LPs but also attracts new participants to the ecosystem, bolstering liquidity and enhancing the overall stability of the DeFi market.

By aligning rewards with user activity and mitigating risks associated with impermanent loss, Nostra is paving the way for a more vibrant and robust DeFi future. Join the DeFi Spring on Starknet by putting your capital at work on Nostra!

Our journey on Starknet is motivated by a shared vision of innovation and scalability, ensuring that everyone, everywhere, can access liquidity in the most capital-efficient way possible.

Let’s dive into why we are building Nostra on Starknet.

Why Starknet?

Our choice of Starknet is rooted in its advanced validity proofs technology, offering the perfect foundation for scalable DeFi products.

With its high Transactions Per Second (TPS), Starknet is enabling crypto to serve as the new backbone of financial markets.

Starknet's fast finality times outpace other scaling solutions, ensuring transactions are secure and efficient, bringing Ethereum to real-world applications more effectively.

Moreover, Starknet dramatically reduces transaction fees, lowering the barrier for entry and making DeFi accessible to the whole world.

Cairo's innovative programming framework introduces new logic implementation methods, promising a future of more complex and efficient DeFi applications.

This includes account abstraction, which simplifies self-custody, removing the complexity of managing private keys and opening up new DeFi opportunities.

These features align with Nostra’s mission to onboard the next billion crypto users, building the crypto super app on Starknet.

So Far, so good

Nostra was first announced as a money market in August 2022. By December 2022, we released the alpha version of the app.

After upgrading our contracts to Cairo 2.0, we released the full version of the money market in October 2023. We also launched the Nostra Points Program, where active users can collect points based on their interactions within the super app.

We have also integrated with AVNU, making it possible for users to swap tokens at the best price without leaving Nostra.

More recently, in January 2024, we launched Nostra Pools, enabling users to become liquidity providers and earn swap fees.

At the time of writing, Nostra has over 40% dominance of the Starknet ecosystem.

Familio

@familiogod

NOSTRA DOMINANCE 41.7%

@nostrafinance @Starknet

DG

@davgarai

Thirty Million United States Dollars

15

4:57 AM • Feb 15, 2024

As we get ready for STRK to revolutionize the whole ecosystem and decentralize Nostra’s governance, we’ll be launching a series of features to realize the vision of Nostra as the crypto super app.

The Road Ahead for Nostra

After launching the first five Nostra Pools, we aim to increase our offering. We’ll launch more stable and volatile pools soon.

Nostra is now at your fingertips. With our mobile launch, we’re bringing permissionless access to the crypto financial system into the palm of your hand.

Nostra

@nostrafinance

Nostra Goes Mobile!

Hold onto your devices because Nostra just became pocket-sized!

We're thrilled to announce that Nostra is now at your fingertips.

Literally.

With our mobile launch, we’re bringing permissionless access to the crypto financial system into the palm

165

10:31 AM • Feb 14, 2024

Besides lending, borrowing, providing liquidity, and swapping, our users will soon be able to bridge funds to and from Starknet.

Nostra

@nostrafinance

We are thrilled to partner with @layerswap

Our mission is clear: onboard the next billion crypto users.

With this integration, users can securely bridge assets onto @starknet to lend, borrow, LP, and swap their assets - all in one place!

Nostra Bridge is coming soon!

216

8:12 AM • Feb 6, 2024

All of these without ever leaving Nostra!Each of these releases is designed to solidify our position as the crypto super app, making DeFi more accessible and user-friendly.

Decentralizing Nostra

Our engagement with Starknet goes beyond technology: we believe that network users should own Nostra and participate in its direction.

Every Nostra user and community member will have a voice in shaping Nostra's future, ensuring that we remain aligned with our users' needs and the evolving DeFi landscape.

We're investing in the ecosystem's growth, supporting developers, integrating with other protocols, and encouraging innovation.

Join Us

Nostra and Starknet are more than platforms; we're a movement towards a more inclusive, efficient, and secure financial future.

As we continue to grow and innovate, we invite you to join us on this journey. Together, we will redefine what's possible when users have access to the best crypto super app.

Start using Nostra and participate in the Points program. Big things are coming your way very soon.

You can also join La Famiglia, the community server that is the living beat of our product.We’re waiting for you.

Since money cannot strictly be bought, the price of money is the price a borrower must pay a unit of money to the lender for a certain period of time. This price is known as the interest rate.In this blog post, we’ll explore into the depths of money markets, and the impact of interest rates during bull markets, and how you can profit from it. Let’s dive right in!

The Role of Borrowers and Lenders

In the money market, borrowers pay lenders for the privilege of using their money for a certain period. Where do lenders get money from?

In traditional finance, banks borrow money from depositors and investors in capital markets. As a result, banks don't keep all the interest earned from loans to themselves as they have to pay their lenders (depositors and investors) too.

In DeFi, a similar principle applies. Lenders collect interests from borrowers but must share a portion with the money market protocols they utilize. This is why, in any money market in DeFi, there are two, not one, main interest rates.

The borrowing rate is the price at which borrowers must pay a unit of cryptocurrency borrowed from lenders. The lending rate is the portion of the borrowing rate retained by lenders. The difference between the borrowing rate and the lending rate is retained by the money market protocol.

You can see these two rates in Nostra as “Borrow APY” (the borrowing rate) and “Supply APY” (the lending rate.

Let’s recall that APY means Annual Percentage Yield, namely the portion of a loan principal paid by a borrower / earned by a lender assuming the loan is outstanding for a year.

How do interest rates fluctuate in Nostra?

Interest rates are, as almost anything in finance, a function of the imbalance between supply (how much lenders are willing to lend) and demand (how much borrowers are willing to borrow) of a certain cryptocurrency in Nostra.

The higher the demand relative to the supply, the higher the interest rate borrowers pay lenders and vice versa.

While we won’t cover the mathematical details of how interest rates are calculated (you can read the official docs for a more thorough explanation), the market dynamics that move interest rates are definitely worth mentioning.

The key concept to master here is “leverage”.

Borrowing in DeFi: A Focus on Leverage

A notable distinction between TradFi and DeFi is the reason for borrowing.

In traditional finance, borrowing money could serve numerous purposes such as buying a house or equipment for a business.

However, in DeFi, the primary motivation for borrowing is to purchase cryptocurrencies. The act of purchasing financial assets with borrowed capital is known as "leverage."

What would you do if you had a high conviction on the BTC price skyrocketing over the next week?

You would definitely buy some using the money you have now. However, your gains are limited by the money you can use to buy BTC now. If you want to increase your potential gains (and losses), you have to increase the capital available for you to buy BTC.

That’s why you might think of borrowing cryptocurrencies (such as stablecoins) to buy BTC.

Leverage becomes particularly significant in bull markets, where cryptocurrency prices are on the rise. Traders, aiming to maximize returns, invest as much as possible. If they don't have enough money, they borrow. It's like getting a boost to buy more crypto

How to Profit during Bull Markets using Interest Rates in Nostra

As we have seen before, during bull markets, prices of volatile cryptocurrencies such as BTC and ETH experience an upward trend and traders rush to borrow stablecoins to purchase more and more volatile cryptocurrencies.

The increase in borrowing volume brings the lending APY up, providing more conservative investors an interesting opportunity to profit from a bull market.

Even if you think it's too expensive and risky to buy cryptocurrencies in a bull market, you can lend your stablecoins in Nostra to others who want to buy and still make good money earning a yield on your lent funds.

This is the cool part of financial markets: cautious people can earn by lending money to those who want to take bigger risks and are okay with paying for it.

Interest rates on Nostra are on a tear since the start of 2024, as you can see below for USDC and DAI.

Wrap Up

Understanding interest rates in DeFi is all about seeing money as more than just cash.

You must know why people borrow and lend, and how this is connected to the ups and downs of crypto prices.

Whether you like to play it safe or take chances, DeFi has something for everyone.

Interest rate farming could sound boring at first sight but it is extremely rewarding on the medium/long term.

Nostra provides you with a platform where you can have the best of both words: dopamine rush with maximum leverage as well as slow but steady passive income.Don't just watch the bull run. Join it smartly with Nostra.

It might sound ominous, like a sudden vanishing act for your crypto assets if things go awry.

But fear not; it's not always as dire as it seems, especially when you're on a lending platform that has your back.

That's precisely where Nostra comes into play, transforming the intimidating into the manageable.

Debunking Liquidation Myths

First things first, let's demystify liquidation.

It's merely the result of your borrowed DeFi assets nearing the value of your collateral. Contrary to popular belief, liquidation doesn't always mean losing everything.

Instead, the impact of a liquidation event largely depends on the specific mechanisms of the lending protocol in question.

Protocols designed with the borrower's interests in mind can mitigate the potential fallout, ensuring that liquidation is not the end of the world but a manageable risk.

Nostra's Balanced Approach

Nostra stands out by implementing a liquidation mechanism that strikes a balance between protecting lenders and being fair to borrowers.

This equilibrium is crucial.

Lenders need safeguarding from excessive risk, while borrowers shouldn't face severe penalties for minor health factor fluctuations (for a deep dive into health factors, check our previous blog post!).

The Close Factor: A Dynamic Solution

At the core of Nostra's innovative approach lies the "dynamic close factor," determining the liquidation extent based on a borrower's health factor.

Instead of some one-size-fits-all rule, Nostra assesses how risky your situation is and takes action accordingly. So, if you're slightly below the liquidation threshold, Nostra won't seize your assets.

The protocol will just do enough to keep everything safe and sound, aiming for a sweet spot that keeps everyone happy.

For instance, in protocols with a fixed close factor of 50%, a borrower could see half of their collateral liquidated for a health factor momentarily dipping below 1 (e.g., 0.995), which can be perceived as excessively punitive.

Nostra's model, by contrast, adjusts the close factor dynamically, allowing only the portion of the borrower's position to be liquidated that is necessary to restore their health factor above a safer threshold, currently 1.2.

Encouraging Responsible Risk-Taking

Nostra understands that DeFi enthusiasts enjoy a bit of risk-taking for potential rewards.

We aim to keep the liquidation process user-friendly, allowing everyone to participate without excessive worry. It's about maintaining a positive atmosphere, ensuring fair risks, and preventing users from feeling unfairly treated.

In the unpredictable realm of DeFi, liquidation can be intimidating. But with Nostra, it's more like a passing rain shower than a thunderstorm.

We’ve found a way to ensure that even during turbulent times, you won't lose everything. It's about fairness and understanding, and enabling everyone to continue playing the game they love.

So, next time you hear "liquidation" and feel uneasy, remember: it's manageable, especially with Nostra by your side.

Let’s jump right in!

Why is the Health Factor Important?

The Health Factor in DeFi is crucial for maintaining the safety of your loans and investments.

It acts as a traffic light, signalling how much the value of your collateral exceeds that of your debt. This balance is vital to prevent the risk of liquidation, where you could lose your collateral.

In Nostra, you can check the overall Health Factor of your account in the top right corner.

Health Factor and its Role in DeFi

One of the beauties of DeFi is the ability to borrow money permissionlessly.

No background checks, no FICO scores, no pay slips to provide to bank credit officers. Just connect your wallet to your favorite lending protocol (which we all know is Nostra) and you are good to go!

You can borrow on Nostra without having your creditworthiness checked, you just need to have an asset you can pledge as collateral.

However, by depositing an asset as collateral, you are willing to lose some or all of it under certain circumstances.

What circumstances, exactly?

When the value of your collateral comes too close to the value of your debt, Nostra can close (liquidate) your position and allow someone else (a liquidator) to pay the debt for you and keep your collateral in return.

As long as liquidators can collect collateral that is worth more than the debt they repay, everything works fine.

How do you, as a borrower, know when you risk being liquidated? The health factor is a metric that does just that: it tells how close your position is to being liquidated.

How Does the Health Factor Affect Your Strategies?

The Health Factor can be grossly thought of as the ratio between the dollar value of what you give to lenders as a guarantee (your collateral) and what you get from them (your debt).

Since the dollar value of your collateral must exceed that of your debt, you can see that the health factor should never fall below 1.

However, there are a few nuances to consider:

• The difference between the dollar value of your collateral and your debt must be sufficient to allow liquidators to achieve a profit even during distressed market conditions (e.g., when prices fluctuate very abruptly).
  You can think of it as a safety buffer that ensures your position can be comfortably liquidated.

• Not all assets are the same. Stablecoins, for instance, rarely move in price whereas assets like BTC or ETH could be extremely volatile. The more volatile an asset is, the higher the safety buffer must be. Read more about Nostra tokens.

These two considerations have led us to come up with two numbers that Nostra uses within the health factor calculation: the collateral and borrow factors.

Collateral Factor

The numbers, between 0 and 1, express how stable a certain asset can be if used as collateral (collateral factor) or debt (debt factor).

A collateral factor of 90%, for instance, means that the dollar value of such asset should be multiplied by 90% to obtain its “stable” worth.

The lower the collateral factor, the riskier an asset is if used as collateral.

Borrow Factor

The borrow factor works the same way but it divides, instead of multiplying, the dollar value of an asset used as debt. The lower the borrow factor, the riskier an asset is if borrowed.

Now we have all the elements to come up with the health factor formula:

The picture below shows the calculation of the health factor with a $ 150 collateral asset whose collateral factor is 90% and a $ 100 debt whose borrow factor is 80%

Putting the Health Factor in Practice:

Imagine you've borrowed BTC using a volatile asset like ETH as collateral.

If either the price of ETH falls rapidly or the price of BTC skyrockets (or both), your health factor will quickly start decreasing. This is your cue to act.

You can either add more ETH to bolster your collateral, thus maintaining a safe buffer, or repay part of your BTC loan to reduce your debt.

These proactive steps help prevent the risk of your assets being liquidated during market downturns.

By keeping a close eye on the health factor and understanding its implications, you can make informed decisions to protect your investments in Nostra's dynamic DeFi environment.

How Do You Keep Your Health Factor above 1?

• Collateral top-up: when your health factor is decreasing, consider depositing more collateral to increase the safety buffer

• Debt repayment: when your health factor is decreasing, consider repaying a portion of your outstanding debt to increase the safety buffer

• Asset choice: if you can choose among a pool of similar assets to either borrow or use as collateral, always go with the one with the highest collateral and/or borrow factor

Remember the old “health is wealth” adage. In DeFi, being “healthy” protects you from losing money due to sudden price moves that could cause the loss of your collateral.

The road to financial freedom is a marathon, not a sprint. Be smart, not greedy.

You can monitor your health factor in Nostra at any time to see exactly how it is moving and what you should do to keep it healthy.

Join La Famiglia

La Famiglia is waiting for you 🌹

Join the Nostra Discord Server!

Check out the Nostra community on Discord - hang out with 43479 other members and enjoy free voice and text chat.

https://discord.com

Nostra is all about making your crypto experience both safe and flexible.

A New Era of Tokenization

Nostra is unique because it turns different types of assets into easy-to-use tokens.

It is the first money market in the DeFi space to tokenize four different types of asset positions as ERC-20 tokens.

These tokens are designed to suit all kinds of investors, whether you're cautious or like to take risks.

Why tokenize positions in Nostra?

We are enabling “DeFi legos” - a key component of the DeFi ecosystem that lets users combine different use cases.

For example, Nostra iTokens can be used as collateral in other protocols, either on Starknet or on other networks if they are bridged out.

They can also be used in liquidity pools instead of idle tokens for a boosted yield. For example, pairing Nostra-iETH with Nostra-iUSDC in a pool allows liquidity providers to harvest both the lending yield (as they are holding iTokens) and swap fees at the same time.

Enabled by native account abstraction, users can seamlessly swap between ETH and USDC (despite the pool consisting of Nostra-iETH and Nostra-iUSDC) and let the protocol handle the rest.

Understanding Nostra's Tokens

Nostra uses prefixed as suffixes to each asset’s name to differentiate them:

The “i” prefix means interest bearing tokens - a claim on the tokens that are lent out to other users.

The “c” suffix means that those tokens are being used as collateral.

Here are the four token types:

• Nostra iToken-c: Earn interest while lending your tokens, and benefit from its dual role as collateral for borrowing other assets.

• Nostra Token-c: Keep your tokens handy without lending them. You can still borrow against them, offering flexibility.

• Nostra iToken: Similar to iToken-c, but focused solely on earning interest.

• Nostra Token: The simplest option for any investor. Your token won’t earn interest, and it won’t be locked as collateral.

Composability as a fundamental pillar of Nostra

Why the distinction between interest-earning and non-interest-earning tokens? It boils down to giving users different options to achieve returns and manage risks.

In scenarios like targeted short-selling or governance attacks, abnormal spikes in utilization rates can occur. Lenders could then find themselves unable to fully withdraw their tokens. Nostra Tokens-c come extremely handy for users whose priority is liquidity.

On the other hand, we all know how volatile cryptocurrency prices can be. Lenders who want to maximize their yield without risking their tokens being liquidated as a result of volatility, can do so by choosing Nostra iTokens, which are always lent but never used as collateral. By offering both Nostra Tokens-c and iTokens, Nostra provides a savvy solution to navigate these tumultuous waters.

Redeemability and Transferability: A Closer Look

Two of the most important features of a tokenized asset are its ability to be transferred and its ability to be redeemed for the underlying asset. How do Nostra’s tokens compare in this respect? Let's break it down:

• Nostra iToken-c: Transferable as long as they don’t cause your health factor to drop below 1 (more details on health factor in the coming blog post!) and redeemable up to the liquid supply in the pool.

• Nostra Token-c: Shares iToken-c's transferability traits but shines in redeemability - available anytime, regardless of borrower demand.

• Nostra iToken: Transfer it whenever you like, with redemption tied to the available liquid supply.

• Nostra Token: Always fully transferable and redeemable

A Game-Changer in DeFi

Nostra is more than a protocol: it's a revolution in DeFi lending.

We offer a wide range of tokens to match your investment style.

Join us at Nostra and explore the future of lending, where your choices expand your opportunities.

Join La Famiglia

La Famiglia is waiting for you 🌹

Become a Socio

Welcome to the launch of Nostra, the most versatile liquidity protocol for lending and borrowing.

Nostra is built on StarkNet, a Layer 2 Validity-Rollup that enables any dApp to achieve unlimited scale ✨

The Tempus Labs team is behind Nostra, and is backed by leading investors such as Jump Capital, Tomahawk, Lemniscap, GSR and Wintermute. We are happy to be part of the #StarkNet community!

Let’s find out what makes Nostra special…

But First, Why Starknet?

StarkNet’s fast finality times and low gas fees offer Nostra the ideal conditions to make lending and borrowing more user-friendly and financially accessible than ever before.

We plan to keep growing Nostra’s features hand-in-hand with the growth of StarkNet.

How it Works

You can deposit your crypto in Nostra to earn income, and borrow crypto using your deposits as collateral.

On top of its basic use-case, Nostra has many innovative features designed to maximize capital efficiency and minimize liquidity risk.

How does Nostra achieve this? 🤔

Features

Nostra is the first liquidity protocol to tokenize four different asset positions, which greatly improves composability 🥇

This means you have the option for deposited tokens to not be lent out and/or be used as collateral to minimize your liquidity risk. Read more.

Nostra is built with risk in mind 🎯

Our anti-contagion mechanism lets you isolate the risk of borrowing exotic assets from your other blue-chip assets.

You also have the option to create up to 255 sub-accounts to ring-fence your assets with no need to hold separate private keys.

Learn more about Nostra’s features in our documentation 📚

This is only the beginning!

More features, such as P2P matching, dynamic and fixed interest rates, will follow soon 👀

Testnet Launch

We are launching our private testnet 🔜

Try it before anyone else by completing this form.

StarkWare Twitter Space

Do you want to know more about what we are building on StarkNet?

We’re joining StarkWare in a Twitter Space to discuss what the future holds for Nostra.

🗓 Wednesday 17th August

⏰ 15:30 London time

Save the date!

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La Famiglia is waiting for you 🌹

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