What is Nostra Finance? A lending platform built on StarkNet

Nostra Finance is Starknet's lending, borrowing and liquidity platform, a layer 2 solution for the Ethereum system that will solve security issues and gas costs. Let's learn about the Nostra Finance project with coinviet through the following article.

Project Overview

I. What is Nostra Finance?

Nostra Finance is a lending, borrowing and liquidity platform built on the Starknet network - a layer 2 solution for the Ethereum system that will solve security issues and gas costs. The project allows borrowing, lending and exchanging cryptocurrencies including ETH, USDC, DAI…

The gas cost problem has been solved by new ecosystems such as Avalanche, Fantom, Near, etc., but due to security issues and safety reasons, they have not attracted TVL (Total Value Locked) and large users like the Ethereum system.

The project is permissionless — meaning you can borrow and lend crypto assets without a bank or other third-party intermediary. Nostra Finance is also non-custodial, meaning you always have full control over your crypto assets.

II. Project Technology

The project built on the StarkNet network is a decentralized ZK-Rollup, which is Ethereum's L2 network. StarkNet helps dApps achieve unlimited scale computing by leveraging the security of Ethereum.

Developers can write StarkNet contracts and deploy them online, and users can send transactions to these contracts (similar to Ethereum).

StarkNet nodes (called sequencers) are implemented in Python. Cairo implements StarkNet's transaction execution environment, called StarkNet OS (similar to Ethereum's virtual machine). It optimizes the performance of each transaction. Solidity contracts are implemented in Ethereum, connecting the StarkNet (L2) network with Ethereum (L1).

III. Main Products

Our Money Market

Nostra is a permissionless money market that allows you to securely borrow and lend your cryptocurrencies without using a trusted third party. The two main features are:

  • Lending: Deposit crypto to borrow and earn interest.

  • Borrowing (borrowing): Use your deposit balance to easily borrow more crypto for payments.

ONE

  • UNO is a decentralized USD stablecoin derived from StarkNet.

  • UNO is mined using ETH, the most widely used censorship-resistant cryptocurrency, as collateral. Collateral.

  • Your ETH will be deposited in the Nostra money market to earn interest while you borrow UNO.

  • UNO is backed by ETH.

  • UNO smart contracts are immutable and cannot be updated. UNO also has a user interface operator for full decentralization.

Our Swap

Nostra Swap is a decentralized exchange where you can exchange your stablecoins like UNO on StarkNet. You can exchange your stablecoins for UNO or any other stablecoin.

Additionally, additional income can be generated by providing liquidity for any of the supported stablecoins.

Project Development Team

Nostra Finance’s key personnel include:

David Garai (Founder): Responsible for strategy, finance and operations management. He previously worked as a structured finance lawyer in London and Tokyo. In his spare time, David enjoys posting silly things on Twitter.

Đorđe Mijović (Founder): Responsible for overseeing the technology at Nostra. Previously, he was a core developer of the Solidity compiler at the Ethereum Foundation.

Summary

Through the above article, I have learned about the Nostra Finance project and its technical highlights. I hope the above information is useful to you and I wish you a successful investment!

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