Revolutionizing Lending: Discover Nostra's Innovative Approach to Asset Tokenization

Welcome to Nostra, your next step in the exciting world of DeFi, built on Starknet's advanced platform.

Nostra is all about making your crypto experience both safe and flexible.

A New Era of Tokenization

Nostra is unique because it turns different types of assets into easy-to-use tokens.

It is the first money market in the DeFi space to tokenize four different types of asset positions as ERC-20 tokens.

These tokens are designed to suit all kinds of investors, whether you're cautious or like to take risks.

Why tokenize positions in Nostra?

We are enabling “DeFi legos” - a key component of the DeFi ecosystem that lets users combine different use cases.

For example, Nostra iTokens can be used as collateral in other protocols, either on Starknet or on other networks if they are bridged out.

They can also be used in liquidity pools instead of idle tokens for a boosted yield. For example, pairing Nostra-iETH with Nostra-iUSDC in a pool allows liquidity providers to harvest both the lending yield (as they are holding iTokens) and swap fees at the same time.

Enabled by native account abstraction, users can seamlessly swap between ETH and USDC (despite the pool consisting of Nostra-iETH and Nostra-iUSDC) and let the protocol handle the rest.

Understanding Nostra's Tokens

Nostra uses prefixed as suffixes to each asset’s name to differentiate them:

The “i” prefix means interest bearing tokens - a claim on the tokens that are lent out to other users.

The “c” suffix means that those tokens are being used as collateral.

Here are the four token types:

  • Nostra iToken-c: Earn interest while lending your tokens, and benefit from its dual role as collateral for borrowing other assets.

  • Nostra Token-c: Keep your tokens handy without lending them. You can still borrow against them, offering flexibility.

  • Nostra iToken: Similar to iToken-c, but focused solely on earning interest.

  • Nostra Token: The simplest option for any investor. Your token won’t earn interest, and it won’t be locked as collateral.

Composability as a fundamental pillar of Nostra

Why the distinction between interest-earning and non-interest-earning tokens? It boils down to giving users different options to achieve returns and manage risks.

In scenarios like targeted short-selling or governance attacks, abnormal spikes in utilization rates can occur. Lenders could then find themselves unable to fully withdraw their tokens. Nostra Tokens-c come extremely handy for users whose priority is liquidity.

On the other hand, we all know how volatile cryptocurrency prices can be. Lenders who want to maximize their yield without risking their tokens being liquidated as a result of volatility, can do so by choosing Nostra iTokens, which are always lent but never used as collateral. By offering both Nostra Tokens-c and iTokens, Nostra provides a savvy solution to navigate these tumultuous waters.

Redeemability and Transferability: A Closer Look

Two of the most important features of a tokenized asset are its ability to be transferred and its ability to be redeemed for the underlying asset. How do Nostra’s tokens compare in this respect? Let's break it down:

  • Nostra iToken-c: Transferable as long as they don’t cause your health factor to drop below 1 (more details on health factor in the coming blog post!) and redeemable up to the liquid supply in the pool.

  • Nostra Token-c: Shares iToken-c's transferability traits but shines in redeemability - available anytime, regardless of borrower demand.

  • Nostra iToken: Transfer it whenever you like, with redemption tied to the available liquid supply.

  • Nostra Token: Always fully transferable and redeemable

A Game-Changer in DeFi

Nostra is more than a protocol: it's a revolution in DeFi lending.

We offer a wide range of tokens to match your investment style.

Join us at Nostra and explore the future of lending, where your choices expand your opportunities.

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