What is Nostra Finance? Nostra Finance is a Lending – Borrowing and liquidity provision platform protocol built on Starknet.
To understand more about Nostra Finance, people can read some of the articles below:
- DeFi Panorama 101 | Episode 3: What is Lending & Borrowing? The Essential Puzzle Piece in DeFi
- What is Algofi (BANK)? Algofi Cryptocurrency Overview
- What is Tempus (TEMP)? Tempus Cryptocurrency Overview
Overview of Nostra Finance
What is Nostra Finance?
Nostra Finance is a Lending – Borrowing and liquidity provision platform protocol built on Starknet. Layer2 solution was developed by Tempus with the plan to solve the problem of security and gas costs.
The Nostra Finance protocol allows users to lend and borrow crypto assets without the need for banks or any other third parties as intermediaries. Nostra Finance also does not detain user assets, so the community always has full control over their cryptocurrency assets.
Nostra Finance’s operating mechanism
Nostra Finance’s operating mechanism includes the following products:
- Nostra Lend ( Lending & Borrowing ): allows users to collateralize crypto assets for loans and earn profits through the protocol
- Nostra Mint ( UNO – Stablecoin ): UNO is the first, targeted Starknet-native stablecoin becoming the stablecoin of choice in the Starknet ecosystem. When users deposit ETH into the Lending protocol, it will be converted into iETH-c to be used as collateral to mint UNO, providing compound interest benefits when using the UNO stablecoin. UNO is exchanged at a rate of 1:1 USD and that’s it and fully backed by quality censorship-resistant crypto assets coupled with high market liquidity
- Nostra Trade: Nostra Trade is considered an exchange where users can swap their stablecoins for UNO or any other chain’s stablecoins through Nostra’s pioneering order book trading system. This system is deployed on Starknet with a transaction processing capacity of more than 100 TPS to improve service quality as well as transparency and almost zero price slippage of the protocol.
The difference of Nostra Finance
Nostra Finance’s differences include the following factors:
- Nostra Lend has been designed to make the lending and borrowing experience as efficient and secure as possible for users. In addition to the user-friendly interface and basic use cases, the protocol also improves a number of features such as automatically preventing users from borrowing certain collateral that is in danger. to best minimize liquidity risk and only allow the creation of a maximum of 255 accounts to protect community assets.
- UNO Stablecoin plans to address issues such as increased peg risk in the case of users using UNO to borrow and trade which will minimize certain risks and in turn will also ensure the problem of price peg risk. down i.e. when stablecoin liquidity is deeply reduced, overcollateralized assets and strong liquidation mechanisms will be responsible for helping users minimize large losses of user assets.
- UNO stablecoin is implemented with an immutable contract and does not censor user assets
Nostra Finance development roadmap
Quarter 4/2023:
- Launched trading feature
- Implement Famiglia Hackathon
Quarter 1/2024:
- Launched mobile application
- Integrate prepaid credit cards
- Deploying the 2nd Famiglia Hackathon
Investors
- Nostra Finance has received investment from many investment funds such as Lemniscap, Jump Crypto, Wintermute, Supernova,… and many other investment funds.
Core Team
- Co Founder David Garai:CResponsible for providing strategic, financial and operational leadership at Tempus. Before founding Tempus with Đorđe, he worked as a structured finance lawyer in London and Tokyo.
- Co Founder Đorđe Mijović:CResponsible for technology oversight at Tempus. Before co-founding Tempus with David, he worked as a core Solidity compiler developer at the Ethereum Foundation.
Tokenomics
Update…
Exchanges
Currently, the project team has not listed the token.
Project Information Channel
- Twitter: https://twitter.com/nostrafinance
- Telegram: https://www.t.me/nostrafinance
- Blog: https://mirror.xyz/0x845605C411132BAA06024a521a85B653F3C802dF
- Discord: https://discord.com/invite/nostrafinance
Summary
Nostra Finance is a Layer2 solution where users can mortgage their assets to borrow or lend for the purpose of earning profits on the protocol. Nostra Finance also allows users to experience products such as Nostra Lend – UNO stablecoin – Nostra Trade to optimize assets and earn profits safely and secure assets from certain risks.
Through this article, you probably have some basic information about the Nostra Finance project to make your own investment decisions, and leave comments and suggestions for yourself in the next articles. Please!