Nostra: DeFi on StarkNet. Nostra Overview: | by NyamCatCrypto | Nov, 2023

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Nostra Overview:

Nos­tra is a com­pre­hen­sive DeFi solu­tion oper­at­ing on the Starknet blockchain, offer­ing users a sin­gle plat­form for lend­ing, bor­row­ing, and trad­ing cryp­tocur­ren­cies. Devel­oped by Tem­pus, it focus­es on build­ing Starknet’s Liq­uid­i­ty Lay­er for broad adop­tion among retail users.

Vision and Accessibility:

Nos­tra envi­sions a more acces­si­ble finan­cial land­scape where users can secure­ly access liq­uid­i­ty in a retail-friend­ly man­ner. The aim is to pro­vide a seam­less user expe­ri­ence while ensur­ing cap­i­tal effi­cien­cy and security.

Mission and Scalability:

Nostra’s mis­sion is to devel­op scal­able and acces­si­ble DeFi prod­ucts with advanced fea­tures. This is achieved using Starknet, a layer‑2 solu­tion offer­ing speed and cost-effec­tive­ness with­out com­pro­mis­ing the secu­ri­ty of the Ethereum network.

The Liquidity Layer Functionality:

Nostra’s Liq­uid­i­ty Lay­er enables lend­ing, bor­row­ing, and trad­ing of cryp­tocur­ren­cies, ensur­ing per­mis­sion­less access to liq­uid assets with min­i­mal mar­ket impact. The focus is on inclu­siv­i­ty and effi­cien­cy with­in the DeFi space.

Core Features of the Liquidity Layer:

The Liq­uid­i­ty Lay­er encom­pass­es lend­ing, allow­ing users to deposit and earn inter­est, bor­row­ing against col­lat­er­al, and intro­duc­ing UNO, a sta­ble­coin pegged to USD and over­col­lat­er­al­ized by inter­est-bear­ing ETH. Addi­tion­al­ly, it facil­i­tates seam­less trad­ing with low fees and zero slippage.

Built on Starknet Infra­struc­ture: Nostra’s Liq­uid­i­ty Lay­er oper­ates on Starknet, a scal­able solu­tion built on Ethereum’s secure net­work. This foun­da­tion ensures a robust infra­struc­ture for Nostra’s DeFi offerings.

Three Pillars:

Lend, Trade, Mint:

  • Lend: Foun­da­tion­al to Nos­tra, lend­ing and bor­row­ing dri­ve ecosys­tem pro­duc­tiv­i­ty, pro­vid­ing enhanced yields for UNO minters.
  • Trade: Nostra’s Decen­tral­ized Order Book Exchange enables users to trade cryp­tocur­ren­cies seam­less­ly, ben­e­fit­ing from low fees and zero slippage.
  • Mint: UNO, as the first Starknet-native sta­ble­coin, allows users to accrue yield on inter­est-bear­ing ETH deposits while uti­liz­ing UNO across var­i­ous Starknet applications.

Unified DeFi Experience:

By con­sol­i­dat­ing lend­ing, trad­ing, and mint­ing into one decen­tral­ized appli­ca­tion, Nos­tra aims to deliv­er a supe­ri­or user expe­ri­ence, increased cap­i­tal effi­cien­cy, eas­i­er inte­gra­tion, and stronger liq­uid­i­ty net­work effects. This inte­gra­tion unlocks sig­nif­i­cant ben­e­fits for users engag­ing with the Nos­tra platform.

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