Nostra Finance is a comprehensive DeFi platform on Starknet, providing four core products including Lending/Borrowing, AMM, Stablecoin UNO and Liquid Staking, aiming to become the largest liquidation center of the Starknet ecosystem.
The project quickly attracted attention when TVL increased by nearly 200 million USD in just the first 3 months of 2024, affirming its pioneering position in the Starknet ecosystem and the strong expansion potential of the new generation decentralized financial model.
What is Nostra Finance?
Nostra Finance is a DeFi project developed on Starknet , focusing on building a comprehensive decentralized liquidation infrastructure.
The platform includes core products such as Lending/Borrowing, AMM, Stablecoin UNO and Liquid Staking.
With the ambition to become the financial center of Starknet, Nostra aims to optimize Capital flow, increase asset utilization, and bring a seamless DeFi experience to users.
During the period from February to May 2024, the project's TVL increased by nearly $200 million – an impressive figure given the market's cautious approach to Layer 2 projects.
Nostra Finance's strong growth reflects the trend of expanding liquidation on Layer 2 like Starknet, where major trading platforms like BingX are also rolling out a variety of analytics tools and DeFi integrations that make it easy for users to track Capital flows, TVL, and Staking performance on each protocol.
“We are not just building a protocol, but a complete liquidation economy for Starknet.”
— David Garai, Founder of Nostra Finance, Chia in the May 2024 AMA
What are Lending/Borrowing products on Nostra Finance?
Lending/Borrowing is the main product that allows users to deposit assets to receive interest (lending) or mortgage to borrow (borrowing).
Nostra Finance Chia Token into 5 groups for effective risk management and liquidation .
The groups include Shared, Isolated, Cross, Nominal, and Restricted. For example, ETH falls under the Shared group due to its high liquidation , while SHIB falls under the Isolated group due to its high volatility.
This classification helps protect the system against extreme market fluctuations.
How do Collateral Factor and Health Factor work?
Collateral Factor determines the maximum loan ratio based on the value of the collateral. For example, if 100 ETH is collateralized with a Collateral Factor of 80%, the user can only borrow up to 80% of the value.
Meanwhile, Health Factor shows the safety of the loan – if it is below 1, the assets will be liquidated to balance.
“Nostra’s multi-asset approach helps mitigate systemic risk, something many other DeFi protocols are still trying to address.”
— DeFi Research Report, Messari, April 2024
What is special about Nostra Finance's AMM feature?
The AMM (Automated Market Maker) feature on Nostra works similar to Uniswap V2 with an infinite positive liquidation model, allowing users to easily trade and provide liquidation.
The advantage of this model is to reduce the risk of Impermanent Loss and increase flexibility in adding/withdrawing liquidation.
However, the limitation lies in the lack of Capital optimization when the price spreads from 0 to infinity and the fixed transaction fee (0.35% - 0.5%), which is not suitable for highly volatile pools.
“Starknet needs AMMs that can scale and integrate deeply with the DeFi system. Nostra is on the right track with its infinite liquidation design.”
— StarkWare Foundation, June 2024 technical bulletin
What is UNO – Stablecoin by Nostra Finance?
UNO is the first stablecoin issued on Starknet, backed 1:1 by USDC through the UNO/ USDC pool. Users can swap directly with extremely low transaction fees of only 0.001%.
However, UNO is still at risk of losing its peg if liquidation becomes unbalanced. To counter this, Nostra has implemented two regulatory mechanisms: incentivizing businesses to buy in when the price is > $1, and incentivizing retail users to buy back when the price is < $1. This approach is similar to the stabilization mechanisms that MakerDAO uses for Dai.
“UNO could become the true 'native stablecoin' of Starknet, if it maintains a sustainable peg in the long term.”
— CoinDesk Research, March 2024
How does Nostra Finance's Liquid Staking feature work?
The Liquid Staking feature allows users to Stake STRK – Starknet's native Token – to receive nstSTRK.
This Token can continue to be used in DeFi activities such as providing liquidation or as collateral.
This model is similar to Lido or Rocket Pool on Ethereum , allowing users to both receive Staking rewards and take advantage of flexible liquidation .
According to StarkScan data, more than 25% of STRK will be Stake through Nostra by Q3 2024.
Nostra Finance Development Roadmap
The project will launch a private testnet from August 2022, introduce stablecoin UNO in September 2022 and AMM at the end of September of the same year.
Lending/Borrowing feature launched in December 2022, and mainnet officially announced in October 2023.
| Timeline | Event |
|---|---|
| August 15, 2022 | Private testnet launch |
| September 13, 2022 | Introducing the stablecoin UNO |
| September 27, 2022 | Launch of AMM feature |
| December 5, 2022 | Lending/Borrowing Implementation |
| October 2023 | Official mainnet |
Nostra Finance's founding team and investors
Founder David Garai was a Founder at Tempus and has experience at Interlay, Linklaters – leading financial and blockchain institutions. He is the one who shaped the DeFi development strategy on Starknet from the early stages.
Nostra’s investors include major funds such as Wintermute, Jump Crypto , and StarkWare – names that have proven their ability to support large-scale Layer 2 technology. This is a key factor in Nostra’s rapid expansion of liquidation and community trust.
Who are Nostra Finance's strategic partners?
Nostra cooperates with many key partners in the Starknet ecosystem such as Braavos, Argent, Starknet.id – helping to expand the scope of application of Nostra products.
These integrations not only increase connectivity but also make DeFi more accessible to users.
What are similar projects to Nostra Finance?
Some similar projects include Kinza Finance – a lending/borrowing platform on BNB Chain, Ethereum and opBNB, and Thruster – an AMM exchange on the Blast network with a TVL of 380 million USD (according to defillama , 2024).
While these projects are developing on other networks, Nostra stands out thanks to its “All-in-One DeFi Hub” strategy focused exclusively on Starknet.
Frequently Asked Questions
Is Nostra Finance safe?
Nostra Finance is regularly audited by reputable security agencies and works closely with StarkWare, significantly reducing security risks.
Can UNO replace USDC on Starknet?
Currently, UNO still relies on USDC as a collateral asset, so it cannot completely replace it but can become the most popular internal stablecoin.
Where can I use nstSTRK?
nstSTRK can be used in other DeFi protocols on Starknet such as providing liquidation, farming , or as collateral for borrowing.
Does Nostra Finance have its own Token ?
As of October 2025, the project has not announced its own Token . However, the community expects Nostra to issue a Governance Token in the future.
How to get started with Nostra Finance?
Users can go to app.nostra.finance, connect their Braavos or Argent wallet and start experiencing Lending, AMM, UNO and Staking features.
