I have requested the
@Starknet
Foundation to look into giving provisions to Nostra users who were onboarded after our mainnet launch.
For transparency, I am conveying my thoughts here.
Read below:
1/6
"Offenders will be prosecuted"
"You will be liable to pay a fine of ยฃ5,000"
"Unattended luggage will be destroyed"
UK warning signs have no chill ๐ญ๐ญ
@asiahodl
LOL. They didn't move $2b.
This is just how every Bitcoin transaction works:
When you send BTC less than the whole balance of your account, the remainder gets sent to a Change Address controlled by the same PK.
Nothing to see here.
The exploited Raft codebase was audited by both
@trailofbits
and
@HatsFinance
Brutal reminder that no audit is 100% safe, regardless of who the auditor is
I'm here to support the
@nostrafinance
NSTR tokenomics.
Launching with 100% unlock, at a reasonable, low FDV supports growth.
Those with strong conviction will stay for the value accrual phase.
All I have to say is the chain is open - you will see who sells and who doesn't.
Of course, we wanted to give everyone a much larger airdrop in USD terms.
However, Nostra is valued at $10m FDV. $200m TVL, $2m+ annualized revenue, five product lines, doesn't matter.
The market sets the damn game. This is just the state of things right now.
Up only. NFA.
I am 100% in support of fair launching a token with a fully unlocked supply.
The days of the low market cap/high FDV meta is over.
The days of getting dumped on every month is over.
The days of screwing retail over .. is over.
I have resigned as CEO of Nostra.
The great
@RTPthefirst
will take over as the day-to-day lead of Nostra Labs.
Over the last 2.5 years, our team has built Nostra into the largest and most profitable protocol on Starknet, earning $2.5M annually with over $180M TVL.
Of course,
.
@Starknet
features a killer case: native account abstraction.
It's more than just a simple UX improvement.
Here is how native account abstraction enables higher
yields on Starknet ๐งต๐
100% unlocked supply will soon be the norm for how tokens are launched.
Many teams and VCs have gotten too greedy and now, nobody is buying unlocks anymore.
Let the bleeding stop.
Back to Planet Earth we go.
.
@Cobratate
@TateTheTalisman
If you join the
@nostrafinance
token launch podcast next week I will get you a Lada Niva with a Biturbo V8.
We build real financial products, no meme shit. Built different.
Offer stands for 24 hours.
Hungary doesn't impose taxes on crypto-to-crypto transactions. Swapping ETH for USDC is not taxable. Swapping ETH for fiat *is* taxable. You deposit fiat to an exchange, play around, and pay a flat tax on the profits you withdraw. More countries should do the same.
The cut-off should have been right before the airdrop in February 2024 or close.
It makes no sense to punish users who started using the chain for the right reason, at the right time, instead of pushing buttons aimlessly when the chain was unusable, to farm.
Easy fix.
/6
The
@nostrafinance
team will soon release the most powerful suite of products ever built ๐น๐ค
Here is how Nostra will dominate the next wave of retail adoption, powered by
@starknet
๐งต
Anon, you're not bullish enough
There's a giant product launch coming for
@nostrafinance
that will propel the project to a whole new category and will attract hundreds of millions of dollars of new TVL
Next week
The first 100% unlocked token launch begins with this LBP - the most exciting one to follow on Fjord this year.
The LBP is a perfect price discovery tool.
Bring it on.
To those who are trying to make a connection between the unlocked launch and my resignation: this is complete bullshit.
You can see what team tokens were sold here:
I have not sold a single token and do not plan on doing so.
โJournalismโ
But, there was no real reason to use the chain back then.
If anyone remembers, block times were uncertain, transactions got stuck, chain went down.
v0.12.3 and v13.0.0 came way later.
/3
@nostrafinance
catapults to be a top 100 DeFi protocol overall
this would not have been possible without the amazing innovations the
@Starknet
team delivered
Starknet will grow to be one of the largest ecosystems in the upcoming months
Nostra is now the number 4 protocol by TVL (inc. borrows) on
@Starknet
Good to see the community realizing the potential of Nostra.
We've already delivered the most composable money market ever built and the best is yet to come.
Up only from here.
Important update on
@nostrafinance
Money market risk parameters:
As a result of an inherent change of
@MakerDAO
$DAI risk profile due to the addition of USDe collateral, we are reducing the collateral and debt caps of $DAI to *zero*
Further borrowing and lending of $DAI will be
I'm proud to announce the launch of
@raft_fi
- featuring a new decentralized stablecoin called 'R', collateralized by
@LidoFinance
stETH.
Audit soon, launch soon.
I'll be posting regular updates over the next few weeks about how we imagine the future of stablecoins.
Starknet On-chain๐ฅ
Let us remind you with a little portion of the on-chain data around
#Starknet
Ecosystem for the last time๐ซฃโ๏ธ
What do you think about these data? Will starknet get around
#Optimism
or
#zkSync
soon? ๐
STRK is coming and there is nothing you can do about it.
Well, technically there *is* something you can do.
You can supply USDC, USDT, DAI on
@nostrafinance
now to prepare for the wave of new borrowers for when STRK is added.
NFA.
To those that don't get it:
Nostra Staked STRK (stSTRK) will launch soon in its pre-staking phase, where we pool funds, give rewards, build liquidity, to deposit the funds to the official Starknet staking contract straight away when it goes live.
It's that simple
โจ Say hello to stSTRK: Starknet's Liquid Staking Token โจ
$stSTRK empowers you to benefit from future staking rewards for securing Starknet, while also allowing you to use your liquidity in DeFi.
Anon.
Nostra stable lending APR at 150%+. Degen amplified pools with 1500% APR launching in the next few days. nstSTRK got $10m+ in 24 hours. UNO launching next week.
Starknet's never been this hot.
$250m TVL by the end of next week is programmed.
Today
@wjvill
accused
@TempusFinance
of copying
@element_fi
.
It's important to address this FUD because it aims to undermine what the
@TempusFinance
team has worked so hard to build.
Let's set the record straight.
/1
Raft will soon have the most capital efficient flywheel:
Step 1. $R with free minting, + steep
@Balancer
LP incentives. Acquire lots of liquidity.
Step 2. One-Step Leverage - $stETH leverage routed through $R
@Balancer
pools
LPs ๐ค Leveragoors
A few days to go.
@raft_fi
"Offenders will be prosecuted"
"You will be liable to pay a fine of ยฃ5,000"
"Unattended luggage will be destroyed"
UK warning signs have no chill ๐ญ๐ญ
Why it's a big deal:
1. Stablecoin listings for CEXes are rare and this is well deserved
2. Users with R balances on CEXes will soon be able to benefit from the R Savings Rate. Simply hold a balance and watch your balance grow.
This is how we get adoption for R
Some of the things coming to
@raft_fi
in the next few weeks
- Incentivized single sided liquidity provision
- Several more LSD collateral types
- Dynamic interest rate vaults for short term loans
- sDai PSM and Savings Module for peg stability
- and more.. ๐คซ
The second collateral $rETH has now been added to
@raft_fi
Bear in mind the mint caps, currently at 20,000 rETH at protocol level.
The app is ready to use at
Welcome
@Rocket_Pool
community!
The beauty of an integrated suite of products on
@nostrafinance
1. Lend USDC at 15% APY
2. Borrow ETH + STRK at 3% APY (50% LTV)
3. Deposit to the ETH/STRK pool at 43% APY
Approx. 35% APY on USDC without being exposed to the delta on ETH or STRK, minimal IL
I'm hiring a head of operations for
@TempusFinance
to work on
@nostrafinance
. 5+ years of tech leadership experience needed. Gud salary and tokens.
If you'd like to join best team in crypto, slide into my DMs
As an ex-lawyer, I can't help but endorse John Jay Ray III for preparing timesheets and writing great narratives for everything he does
No other crypto exchange is being run by anyone this conscientious, so this gives me confidence that FTX 2.0 would be 100% legit and compliant
Introducing the $5 million Nostra Famiglia Fund ๐น
The Tempus Labs team has allocated 5 million $DAI to the fund to empower the growth of the Nostra ecosystem ๐ฐ
@gavofyork
@Ukraine
What a shameless plug, and not in a good way. If you cared about Ukraine you would just swap your DOT to BTC to send it instead of marketing yourself lol
The AMA with
@tempusfinance
at
@BalancerLabs
's discord had some of the highest attendance I've seen and there was a ton of alpha in it๐
You've missed it?
Here are the intern notes from the AMA.
Biggest alpha leak of this thread is somewhere at the bottom ๐คซ
๐
This means Nostra couldn't launch at all, until those were solved.
If the chain doesn't work well, oracle updates don't go through, people get liquidated for no good reason.
Liquidations can fail outright.
/4
Gearing up for the official launch of
@raft_fi
We've made a proposal on
@Balancer
to enable gauges for the $R / $stETH and the $R / $DAI pool
Voting starts in a few hours:
@AlamedaTrabucco
Did you quit because you knew FTX was lending out money to Alameda who's basically a directional hedge fund and was losing user deposits?
A MAJOR fundamental flaw in crypto is starting to emerge.
It's the
#1
reason why altcoins are underperforming this cycle.
And currently, there seems to be no fix.
I just dug through all the data (what I found was shocking).
๐งต: How altcoin dispersion is killing crypto.๐
Special thanks to the Balancer team whose help was invaluable to our launch. We were super impressed by their quality of docs and code. Their testnet deployments are also perfect. Seamless integration experience. 10/10
@BalancerLabs
@BalancerGrants
@fcmartinelli
Just a reminder that
@nostrafinance
liquidations are working as intended.
In the past hour, several users got (partially) liquidated. This is keeping lenders safe, and the protocol healthy.
The best opportunities are on Nostra Pools to get the most STRK liquidity rewards:
STRK/ETH - This pool will be a brand new Nostra 2x amplified pool with concentrated passive liquidity. Slightly higher risk and higher return for these correlated assets
USDC/USDT - The most
๐น Starknet DeFi Spring is here! ๐น
@Starknet
DeFi Spring brings STRK incentives to Nostra Pools! ๐ฑ
๐ฉโ๐พ Liquidity providers, this is your time to bloom with rewards in STRK tokens.
Earn STRK incentives by providing liquidity to these pools:
โจ STRK/USDC
โจ STRK/ETH
๐