Nostra ($NOS) is a DeFi protocol on the StarkNet ecosystem allowing users to lend, borrow, and trade crypto on Starknet. In 2022, Nostra passed a governance proposal to airdrop part of their future $NOS token supply to Tempus token holders. So, there may be a chance of further aidrops in the future when Nostra launches? In any event, since Nostra is in the StarkNet ecosystem, positioning yourself for a potential Nostra airdrop may also make you eligible for any potential StarkNet airdrop! Here’s our guide on how to get a potential Nostra ($NOS) token airdrop.
Check out our StarkNet ($STRK) Token Airdrop Guide
What is Nostra?
Nostra is a DeFi solution that allows users to lend, borrow, and trade crypto on Starknet, a layer-2 solution that is fast, cheap, and secure. Nostra can be visualised in 3 main layers, the first is the Nostra Liquidity Layer, which has 4 core features- Lend, Borrow, Mint, and Trade. This is built on top of its Scalability Layer, i.e. StarkNet. Finally, StarkNet, as a layer-2 solution is built on Ethereum, which Nostra refers to as its Security Layer.
What is the Nostra $NOS token?
Tempus, the company behind Nostra, passed a governance proposal for $TEMP token holds to be eligible to receive Nostra $NOS tokens at a ratio of 1:0.6. This confirms Nostra will be launching its own token. However, further details such as its utility are unknown.
How to receive potential Nostra $NOS token airdrop?
Since Nostra is part of the StarkNet ecosystem, you may be eligible for a potential StarkNet airdrop if you position yourself for a Nostra airdrop! Here’s our guide on how to position yourself for a potential Nostra $NOS token airdorp.
- Set up StarkNet wallet
Since Nostra is on the StarkNet ecosystem, you will need to use Argent wallet or any other Starknet wallet. To learn how to download and set up an Argent wallet, check out our guide here.
- Buy/deposit USDT, USDC or DAI
You can buy USDT, USDC or DAI from any exchange and deposit it to your StarkNet wallet. Alternatively, you can swap the tokens in your StarkNet wallet to USDT, USDC or DAI. Then,
- Deposit assets to Nostra to earn APY
Connect your wallet to https://app.nostra.finance/. Then, choose a pool to deposit some assets. You can choose between DAI, ETH, USDC, USDT and WBTC. Click on the market, select how much you wish to deposit and click “Deposit”. You can later withdraw assets by going back to the same market page and clicking the withdraw tab.
Airdrop review
When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.
Likelihood of Airdrop: Nostra is part of the StarkNet ecosystem, who is currently planning out the distribution mechanism for the token, which means an airdrop could be likely.
Token Allocation: The $NOS token allocation is unknown.
Airdrop Difficulty: Only the lending feature is available on the platform, so positioning yourself for this airdrop is quite easy. In any case, it is good to follow this Nostra $NOS token airdrop guide since it could also position you for a potential StarkNet airdrop.
Token Utility: The $NOS token utility is unknown.
Token Lockup: The $NOS token lockup is unknown.
