We are excited to announce nstSTRK, Nostra Staked STRK liquid staking token.

nstSTRK empowers you to benefit from future staking rewards for securing the network, while also allowing you to use nstSTRK in DeFi.

The launch of nstSTRK reflects Nostra’s goal of being the integral DeFi infrastructure provider of Starknet.

What is nstSTRK?

nstSTRK is a liquid staking token. Users can instantly stake their STRK for nstSTRK, or unstake nstSTRK for STRK, via the Nostra super app.

Holders of nstSTRK maintain their liquidity, earn points, and explore opportunities within DeFi while eventually earning yield from Starknet staking when it launches in the upcoming months.

The purpose of launching nstSTRK now is twofold:

• Nostra aims to build the initial crucial liquidity to boost the adoption of nstSTRK during this initial phase before Starknet's staking begins

• Users can pool assets for the launch of Starknet staking to help secure the network on Day 1

Note: nstSTRK is not issued by Starkware or the Starknet Foundation. It is the Nostra liquid staking token for STRK.

How does nstSTRK work?

nstSTRK is a value-accruing ERC-20 token that implements the ERC-4626 tokenized vault standard. This means the balance of users' wallets does not change; however, the value in STRK does as the rewards accrue in the staking pool.

Before Starknet’s staking goes live, Nostra allows users to stake STRK and receive nstSTRK in return to continue using it in the Starknet ecosystem.

The STRK staked with Nostra will remain in the Nostra STRK staking pool until Starknet’s staking goes live.

Once staking goes live, the STRK staked with Nostra will be deposited into the STRK staking pool for staking rewards that will be accrued to nstSTRK holders.

How will Starknet staking work?

Starknet is transitioning to a decentralized proof-of-stake protocol, and they recently wrote about the road towards decentralization whereby STRK staking will come in stages.

Based on the current proposal, the first stage focuses on onboarding stakers by rewarding them with initially minted STRK tokens. This step is crucial to accumulate a sufficient amount of value staked to make it economically robust to decentralize the sequencer and prover.

The proof-of-stake mechanism requires holders to stake their STRK tokens, locking their liquidity in return for staking rewards. nstSTRK enables Stakers to secure the network for staking rewards while keeping their liquidity to continue using DeFi applications such as Nostra.

Note: The exact details for Starknet’s staking mechanism details have yet to be finalized and are subject to change.

Using nstSTRK

The seamless utility of liquid staking tokens is integral to its success, which is why Nostra will be partnering with leading protocols in the Starknet ecosystem to integrate nstSTRK.

At launch, nstSTRK will be fully integrated within Nostra Pools and Money Market to provide liquidity and lending.

We will continue to work on increasing the number of integrations as a priority.

Staking points Of course, nstSTRK holders will be rewarded with Nostra points for contributing to the success of the protocol, like using nstSTRK in the Nostra Money Market, or providing liquidity in Nostra Pools.

More information will be provided closer to the launch.

Boundless liquidity for endless opportunities

There are around $951 million worth of idle STRK tokens on Starknet waiting to be staked on Nostra, allowing holders to earn future staking rewards while exploring DeFi opportunities. ​​

The introduction of nstSTRK creates endless opportunities for Starknet stakers, providing a way to continue using your liquidity while securing Starknet and making the most out of DeFi.

This hugely benefits the Starknet ecosystem by making it more attractive for users to stake without having to remove liquidity from the ecosystem.

Join Us

Nostra and Starknet are more than platforms; we're a movement towards a more inclusive, efficient, and secure financial future.

We invite you to join us on this journey as we continue to grow and innovate. Together, we will redefine what's possible when users have access to the best crypto super app.

Start using Nostra and participate in the Points program. Big things are coming your way very soon.

You can also join La Famiglia, the community server that is the living beat of our product.

We’re waiting for you.