Nostra Finance (NSTR)

Nostra finance is the biggest DeFi protocol on the StarkNet with over $211M TVL, focused on offering users an improved experience of utilizing the platform. 

It simplifies access to the various DeFi tools, combining them all in one app. These includes: 

• Decentralized exchange: On Nostra users are able to exchange over 24 different tokens as well as add them into the Liquidity Pools to earn APR. 
• Lending protocol: Nostra finance allows users to lend and borrow assets across the StarkNet chain network. 
• $STRK liquid staking: The platform allows users to earn APR by staking $STRK in exchange for $nstSTRK LST and APR. Those tokens are completely liquid and can be used in LPs on various DeFi applications to earn even more APR. 
• Cross-chain Bridge: Although this feature still under construction, according to the Nostra landing the protocol will enable asset transfers across over 20 chain networks;
• Stablecoin $UNO: The first Starknet-native stablecoin, tethered to the $USDC in 1:1 ratio, which can be stored, transferred or spent across the Starknet ecosystem and beyond. 

Explore more info about the Nostra DeFi tools in its docs. 

🪙 Nostra coin: According to a recent announcement by the Nostra team, the native $NSTR token will represent the project's commitment to becoming a global leader in bringing decentralized financial services to the masses, powering the platform’s DAO layer. 

In the same announcement, the Nostra has also confirmed airdrop of $NSTR token to the early adopters of its platform allocating over 11% of the total supply for the airdrop. It has also setted a token sale of the $NSTR starting on June 10th, 2024 in the LBP format. 

Considering this news, the CoinLaunch team decided to conduct a detailed research on the Nostra crypto project. Here’s some major pros and cons we found:

✅ Nostra tokensale’s pros:

• The largest by TVL ($217M) DeFi application on StarkNet;
• Great interface design and utility of the product;
• The platform utilizes the “fair token launch” model, where 100% of the supply will be unlocked from the start. According to the claims of the team, this approach is aimed at lowering FDV of the project;
• Nostra was audited by Trail of Bits, while currently hosting another security audit from Hats Finance;
• Strong SMM & Growth Marketing; 
• Not bad SEO, PR ,and Influencer Marketing performance;
• The project seems to be backed by some leading funds and investors, including StarkWare - founding company of StarkNet;
• Presence of diverse network of top tier partners supporting the project;
• Experienced C-level team, members of which previously worked at Polygon labs and Ethereum.

❌ Nostra tokensale’s cons:

• 100% unlocks of the total token supply might cause unexpected price movements and increased volatility on listing of the token;
• Lack of transparency in private funding: there’s no official info about the Nostra’s private funding rounds, prices and the amount of funds raised;
• Trail of Bits security audit of Nostra cannot be found publicly;
• $STARK and StarkNet Ecosystem seems to lost momentum lately; 
• Weak marketing infrastructure;
• No roadmap presented by the team.