Lending Protocol Nostra Launches Alpha On StarkNet Mainnet
The Alpha version of Nostra’s money market has gone live on the StarkNet mainnet.
Nostra initially supports five assets, including ETH, USDT, and USDC, with deposit limits to assist users in risk management.
The protocol testnets previously existed on Ethereum for the sake of saving on gas fees. However, Layer-2 protocols are slowly taking over Ethereum in this regard, and StarkNet is the platform of choice.
Deploying straight on the mainnet allows the protocol to integrate all smart contracts and test all mainnet integrations right now.
To assure performance and avoid risks, Money Market Alpha has some limits.
Nostra builds upon the foundations of well-established money markets (Compound, Aave, Euler Finance) while introducing new features that improve both capital efficiency and composability and takes into account the low gas fee environment of StarkNet.
Nostra is a permissionless non-custodial lending and borrowing protocol built on StarkNet, one of the most-promising L2 networks on Ethereum, where everyday users can lend and borrow crypto assets without the need for a trusted third party to act as an intermediary.
Nostra builds upon the foundations of well-established money markets (Compound, Aave, Euler Finance) while introducing new features that improve both capital efficiency and composability and takes into account the low gas fee environment of StarkNet.
We have chosen to build Nostra on StarkNet because its underlying ZK-proof technology is ideal for building scalable and accessible DeFi products in a decentralized environment with fast finality times and cheap gas fees without compromising Ethereum’s security.
The basic use-case of Nostra is as follows:
Lending: Users can provide liquidity to the protocol by depositing their crypto assets and, in return, earn passive income on their deposits.
Borrowing: Users can borrow crypto assets on the protocol by using their deposits as collateral.
Nostra has been designed to make the lending and borrowing experience as capital efficient and secure as possible. In addition to its basic use case, the protocol has several innovative features, such as being able to prevent collateral from being borrowed to minimize liquidity risk and the option to create up to 255 subaccounts to ring-fence assets.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
Coincu News
Author
DeFi
Lending Protocol Nostra Launches Alpha On StarkNet Mainnet
The Alpha version of Nostra’s money market has gone live on the StarkNet mainnet.
Nostra initially supports five assets, including ETH, USDT, and USDC, with deposit limits to assist users in risk management.
The protocol testnets previously existed on Ethereum for the sake of saving on gas fees. However, Layer-2 protocols are slowly taking over Ethereum in this regard, and StarkNet is the platform of choice.
Deploying straight on the mainnet allows the protocol to integrate all smart contracts and test all mainnet integrations right now.
To assure performance and avoid risks, Money Market Alpha has some limits.
Nostra builds upon the foundations of well-established money markets (Compound, Aave, Euler Finance) while introducing new features that improve both capital efficiency and composability and takes into account the low gas fee environment of StarkNet.
Nostra is a permissionless non-custodial lending and borrowing protocol built on StarkNet, one of the most-promising L2 networks on Ethereum, where everyday users can lend and borrow crypto assets without the need for a trusted third party to act as an intermediary.
Nostra builds upon the foundations of well-established money markets (Compound, Aave, Euler Finance) while introducing new features that improve both capital efficiency and composability and takes into account the low gas fee environment of StarkNet.
We have chosen to build Nostra on StarkNet because its underlying ZK-proof technology is ideal for building scalable and accessible DeFi products in a decentralized environment with fast finality times and cheap gas fees without compromising Ethereum’s security.
The basic use-case of Nostra is as follows:
Lending: Users can provide liquidity to the protocol by depositing their crypto assets and, in return, earn passive income on their deposits.
Borrowing: Users can borrow crypto assets on the protocol by using their deposits as collateral.
Nostra has been designed to make the lending and borrowing experience as capital efficient and secure as possible. In addition to its basic use case, the protocol has several innovative features, such as being able to prevent collateral from being borrowed to minimize liquidity risk and the option to create up to 255 subaccounts to ring-fence assets.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
Coincu News
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