Why does Nostra have the largest TVL on Starknet?
Nostra Finance is a versatile DeFi application on Starknet, offering seamless lending, borrowing, and trading services. As a liquidity protocol, Nostra aims to deliver the efficiency of centralized exchanges within a decentralized environment.
Why is Nostra Finance leading in TVL on Starknet? Let’s explore the features and strategies that have driven its growth.
Nostra Finance Snapshot
| Activity Type | Liquidity protocol, Lending, Borrowing |
| Category | DeFi |
| Launch Date | 08/2022 |
| Availability | Mainnet & Testnet |
| Description | Nostra Finance draws inspiration from established platforms like Compound, Aave, and Uniswap, integrating unique features to optimize capital efficiency within the low-fee environment of Starknet. This permissionless and non-custodial protocol enables users to manage their crypto assets independently, without relying on intermediaries. |
| USP | Key Features of Nostra Finance
Security and Unique FeaturesSecurity is a top priority for Nostra, which has undergone audits by Trail of Bits and offers ongoing bug bounties. The platform supports flash loans, allowing users to access instant, collateral-free loans through smart contracts. Nostra also features a point system that rewards users for lending, borrowing, and providing liquidity. This system, combined with a referral feature that rewards users for their referees’ points, has contributed significantly to Nostra’s growth on Starknet. |
| Website | https://nostra.finance/ |
Here is a graph that illustrates what role Nostra takes compared to Starknet and Ethereum:
Nostra’s NSTR Token
NSTR is the governance token for the Nostra protocol, representing ownership and a shared commitment to the project’s vision of expanding decentralized finance globally. As the governance token, NSTR empowers the “La Famiglia” community, giving members a significant voice in the platform’s future development and strategic direction. Token holders can participate in governance decisions, propose upgrades, and vote on key issues that shape Nostra’s evolution. This active involvement fosters a collaborative approach to building Nostra into a global leader in decentralized financial services. Join the governance forum to engage with the community and influence Nostra’s 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 | Yes |
| Decentralization roadmap | Yes |
| 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!
