Why does Nostra have the largest TVL on Starknet?
Nostra Finance is a comprehensive DeFi dApp on Starknet that enables easy lending, borrowing, and trading. It functions as a liquidity protocol, aiming to match the efficiency of centralized exchanges in the decentralized space. Why does Nostra have the largest TVL on Starknet? What strategies have they used to achieve this growth? Let’s discover why in this article.
Nostra Finance Snapshot
| Activity Type | Liquidity protocol, Lending, Borrowing |
| Category | DeFi |
| Launch Date | 08/2022 |
| Availability | Mainnet & Testnet |
| Description | Nostra is a Starknet liquidity protocol where you can lend, borrow, and trade as efficiently as on centralized exchanges. Drawing inspiration from established money markets like Compound, Aave, and Uniswap, Nostra introduces novel features that optimize capital efficiency and composability within the low gas fee environment of Starknet. Being permissionless and non-custodial, Nostra empowers users to interact with crypto assets without intermediaries, ensuring full control over their holdings. Nostra takes advantage of Starknet’s significantly lower transaction fees. This is how it aims to make DeFi activities financially accessible to a wider audience. |
| USP | With a focus on mass retail adoption, Nostra aims to become the Crypto Super App. The core features of Nostra include:
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| Website | https://nostra.finance/ |
Here is a graph that illustrates what role Nostra takes compared to Starknet and Ethereum:
Nostra’s Decentralization Prospects
Will Nostra be decentralized? We don’t know yet, the roadmap to decentralization for the Nostra dApp remains undisclosed. Is there a Nostra Finance token? While there is currently no native Nostra token in circulation, the Nostra team has already mentioned the possibility of introducing the NOS token in the future.
Nostra has accumulated a significant amount of TVL by introducing a point system. Users earn points for lending, borrowing, and providing liquidity to their protocol. The real magic comes from the referral feature: you earn 10% of your referees’ points. This has made Nostra’s leaderboard go viral and spurred unprecedented growth on Starknet.
| Token distribution roadmap | Not communicated |
| Decentralization roadmap | Not communicated |
| Investment rounds completed | 2 investors: Lemniscap & Nym Technologies SA |
Nostra Community Overview
Nostra is building its La Famiglia community and involves its members in engaging campaigns, programs, and quests. In the Nostra Points Program, you can earn Nostra Points for lending, borrowing, and referrals. You can compete with other Nostra fans to climb the leaderboard and secure your position in the La Famiglia community.
| Community Campaigns and Programs | YES |
| Leaderboard | YES |
| Starknet Pro Score Integration | YES |
| Starknet Pro Score Campaign | TBD |
| Other Campaigns | YES, NFT projects |
| Socials | Discord: discord.gg/nostrafinance Twitter: twitter.com/nostrafinance Telegram: https://www.t.me/nostrafinance |
| Discord Members | 89k |
Explore Nostra Finance and Boost your Pro Score
Nostra Finance is featured in the dApp Gallery on Braavos. This integration allows seamless interaction with the Starknet Pro Score transaction tracker. If you’re new to Pro Score, find out more about it below.
As you make transactions on Nostra, your actions automatically grow your Pro Score. Try to achieve 100% to show off your expertise in the Starknet ecosystem. Recommended Nostra transactions to grow your Starknet Pro Score:
- Lend
- Repay
Learn more about the Starknet Pro Score with the comprehensive guide below. It gives you detailed steps to maximize your performance within the Starknet ecosystem.
If you are interested in all things DeFi on Starknet, we recommend checking out how the Best DeFi dApps on Starknet compare to each other!
Discover More Starknet dApps like Nostra: Enter the dApp Gallery
Discovering authentic Starknet projects might consume a significant portion of your time. If you’d like to avoid that, check out the dApp Gallery in your Braavos wallet.
This carefully selected list of Mainnet projects is accessible with just a single click. It also guarantees your engagement with authentic projects, safeguarding you from potential fraud or phishing scams.
However, it’s crucial to note that, while we aim to facilitate secure connections, the absolute reliability and bug-free performance of these dApps cannot be guaranteed. Accessing the dApp Gallery is super easy, simply download the Braavos Wallet.
It’s cost-free and doesn’t require any funds. You can even test it with the testnet function. Enjoy your Starknet adventure and make the best of your experience by boosting your Pro Score along the way!
