Why are we building on Starknet? β¨π§΅
Our vision is a world where finance is more accessible.
All users should be able to tap into liquidity in the most secure and capital-efficient way, while benefiting from a seamless user experience.
#Starknet offers us the opportunity to make this vision come true.
All users should be able to tap into liquidity in the most secure and capital-efficient way, while benefiting from a seamless user experience.
#Starknet offers us the opportunity to make this vision come true.
We chose Starknet because its underlying validity proofs technology is optimal for building the most scalable #DeFi products.
It's a decentralized environment with fast finality times and cheap network fees without compromising Ethereum's security.
It's a decentralized environment with fast finality times and cheap network fees without compromising Ethereum's security.
While we wait for the upcoming Regenesis, we think itβs an excellent time to take a step back and explain the reasons why we chose Starknet to build the Nostra Liquidity Layer π
It comes down to 5 points:
β¨ High TPS
β¨ Fast finality times
β¨ Cheap transaction fees
β¨ Account Abstraction
β¨ Cairo (Yes, Cairo!)
Letβs break these down π
β¨ High TPS
β¨ Fast finality times
β¨ Cheap transaction fees
β¨ Account Abstraction
β¨ Cairo (Yes, Cairo!)
Letβs break these down π
β¨ High TPS
Crypto is becoming the new rails of the financial markets, and Transactions Per Second (TPS) are one of the key measures for achieving mainstream adoption.
Crypto is becoming the new rails of the financial markets, and Transactions Per Second (TPS) are one of the key measures for achieving mainstream adoption.
Layer 2s are the way forward to scale #Ethereum, and Cairo 1.0 has the potential of increasing Starknetβs TPS through the roof!
You can keep an eye on this key metric on @StarkscanCo
You can keep an eye on this key metric on @StarkscanCo
β¨ Fast finality times
STARK-based rollups like @Starknet offer faster finality times than other scaling solutions.
STARK-based rollups like @Starknet offer faster finality times than other scaling solutions.
Fast finality ensures adequate L1 security in the shortest time possible, and Starknet is best positioned to bring Ethereum to the real world.
β¨ Cheap transaction fees
High transaction fees is a critical entry barrier limiting Ethereum's mainstream adoption.
High transaction fees is a critical entry barrier limiting Ethereum's mainstream adoption.
Layer 2s like #Starknet lower gas fees, opening the gates for onboarding billions of new users π
β¨ Account Abstraction
Self-custody is essential, but securing private keys is hard for many.
Starknet enables account abstraction features that can take the burden of private keys away from the user.
Self-custody is essential, but securing private keys is hard for many.
Starknet enables account abstraction features that can take the burden of private keys away from the user.
β¨ Cairo (Yes, Cairo!)
Cairo is non-EVM based, which could be challenging at first, as devs need to learn a new programming language.
cairo-lang.org
Cairo is non-EVM based, which could be challenging at first, as devs need to learn a new programming language.
cairo-lang.org
But Cairo offers developers new ways to implement logic.
Account abstraction and storage proofs are just the tip of the iceberg.
Check @henrlihenrli thread for more:
Keep your eyes peeled, Cairo 1.0 is just around the corner!
Account abstraction and storage proofs are just the tip of the iceberg.
Check @henrlihenrli thread for more:
Keep your eyes peeled, Cairo 1.0 is just around the corner!
Enter Nostra, the Liquidity Layer of Starknet πΉ
We're building a one-stop DeFi solution, enabling @Starknet users to lend and borrow crypto, swap stablecoins, and mint UNO (the first Starknet-native stablecoin) in the same ecosystem.
We're building a one-stop DeFi solution, enabling @Starknet users to lend and borrow crypto, swap stablecoins, and mint UNO (the first Starknet-native stablecoin) in the same ecosystem.
β¨ Bonus: Community
Starknet includes gigabrains like @EliBenSasson and @ukolodny, and a growing legion of @CairoLang devs.
We're proud to support this thriving ecosystem with our Famiglia Fund.
Read more here:
mirror.xyz
Starknet includes gigabrains like @EliBenSasson and @ukolodny, and a growing legion of @CairoLang devs.
We're proud to support this thriving ecosystem with our Famiglia Fund.
Read more here:
mirror.xyz
Since we launched the Famiglia Fund, we have given away over 20,000 DAI in rewards to our most active contributors and supporters.
More importantly, this is just the beginning!
More importantly, this is just the beginning!
As soon as Cairo 1.0 is here and Regenesis happens, we'll audit our contracts (again).
We'll also release $UNO, the first Starknet-native stablecoin, and Nostra Swap, a next-generation stablecoin DEX.
We'll also release $UNO, the first Starknet-native stablecoin, and Nostra Swap, a next-generation stablecoin DEX.
Weβll also expand the Famiglia Fund to incentivize developers to build on Nostra.
Hit the bell icon and watch this space π
Hit the bell icon and watch this space π
If you can't wait, you can meet the Nostra team at #StarkWareSessions23
Our Head of Product @RTPthefirst will join a panel discussion about #DeFi on Starknet.
Our Head of Product @RTPthefirst will join a panel discussion about #DeFi on Starknet.
We'll have a booth full of swag, and we'll help you break the ice with a fun card trading game π
More on this tomorrow.
More on this tomorrow.
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