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. 

On 6 August 2024, Nostra announced that it has expanded to the Monad ecosystem. This strategic move, driven by community consensus, aims to leverage Monad's EVM parallelization capabilities to enhance Nostra's DeFi and payment applications.

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.