Nostra Money Market
Nostra Money Market is a non-custodial lending and borrowing protocol on Starknet. At the 2026-08-14 survey it held about $3.1M, far below our size floor. We do not open an individual review until the protocol clears that floor. One practice advising 100 households moves $1M to $8M into a venue based on the same research, and at this size that book becomes too large for an orderly exit. Size alone decides the judgment, whatever the protocol’s quality.
- TVL sustained above the retired TVL threshold for 30 days
Watched nightly: a warning on its venues or files, or a cited document that changes, reopens the memo. The first confirmation is due 2026-11-15.
The research file
Mechanism applicability
Nostra describes Money Market as non-custodial lending and borrowing on Starknet: suppliers deposit crypto to earn interest, and borrowers pledge collateral. The product also creates risks tied to each asset’s liquidity and borrower defaults through non-borrowable collateral, isolated risk for exotic assets, and smart liquidations. This is a live pooled-credit product, but its surveyed size makes the shared v1 size-floor review the first test.
Current observation and lifecycle
The DefiLlama protocol API read on 2026-08-15 classified Nostra Money Market as Lending and reported approximately $3.07M TVL and $0.81M borrowed, entirely on Starknet. Nostra’s live product page still invites users to lend and borrow and lists supported assets and current product features. This supports an active, rather than archived, lifecycle.
Control and exit applicability
A supplier uses protocol contracts and depends on available pool liquidity to recover the supplied asset. Nostra offers non-borrowable collateral as a way to minimize liquidity risk, which confirms that ordinary lendable deposits face utilization risk. The protocol can liquidate borrowers when collateral protection is inadequate, and its treatment of isolated exotic assets limits but does not end contagion. Starknet settlement and contract administration need separate review if the protocol clears the size floor.
Why the class rule decides
At roughly $3.07M TVL, a $1M to $8M advised allocation would make up a material share of the entire protocol and could not be defended under stressed utilization or simultaneous exits. The shared v1 size-floor review therefore decides before a full market-by-market credit review. Reopen after DefiLlama TVL remains above the size floor for 30 consecutive days. Then test supported assets, utilization and proposed-size withdrawals, collateral and liquidation settings, oracle and admin controls, audits and incidents, Starknet lifecycle, and named lending alternatives.
Research status
This is a capacity-unproven record for Nostra Money Market, not a quality rejection or approval. Reported TVL says how big the venue is, not what the client owns, who can change the rules, or how a position exits at a proposed size. The individual review opens when the protocol clears the size floor.
Sources
The claims above trace to these. Where a number could not be independently verified, the thesis says so.
- Nostra — live lend and borrow product · primary · accessed 2026-08-15
Supports: Starknet money market, deposit to lend, collateralized borrowing, isolated risk, liquidity risk, liquidations - Nostra — protocol FAQ · primary · accessed 2026-08-15
Supports: live protocol, deposited funds, interaction model, risks, audits - Nostra — protocol GitHub organization · primary · accessed 2026-08-15
Supports: protocol identity, lend and borrow, application, documentation links - DefiLlama — Nostra Money Market survey record · secondary · accessed 2026-08-15
Supports: current TVL, borrowed amount, Starknet perimeter, Lending category, survey observation
Inherited controls
The research above describes the protocol layer. Every position also inherits the asset it holds and the chain it settles on. The layer with the most administrative power sets the position’s effective control; that describes control, not quality or suitability.
| Chain | Verdict | Control | Control constraint |
|---|---|---|---|
| Starknet | Approved with limits | Mixed control | validity proofs and a regular exit window constrain control, but permissioned proposers and an instant emergency Security Council remain live dependencies. |