Nostra UNO (UNO)

Nostra UNO (UNO)

Coin Information

Blockchain icon Blockchain: Nostra UNO
Ticker icon Ticker: UNO
Type icon Type: Cryptocurrency
Company icon Company: Nostra

Price Statistics

Market Cap

Fully Diluted Valuation

Coin Supply

Circ icon Circ.: 1 000 000 000Question Mark Icon

Blockchain Explorers

Website

Nostra UNO Price Chart

UNO to USD Converter

About Nostra UNO

UNO is the first StarkNet-native stablecoin, aiming to be the stablecoin of choice within the StarkNet ecosystem. Pegged to the US Dollar, UNO is fully backed by high-quality, censorship-resistant crypto assets, with deep liquidity across multiple market pairs and a stable peg.

When ETH is deposited into the Nostra Money Market, it is converted into iETH-c to be used as collateral for minting UNO. This provides the benefit of compound interest while utilizing the UNO stablecoin.

The value of stablecoins has steadily grown since 2017. Various stablecoin designs have emerged during this time, ranging from algorithmic to fractionally collateralized models.

Current challenges for stablecoins include declining confidence in fiat-backed stablecoins, censorship risks, and loss of peg stability.

UNO aims to address these challenges through the following approaches:

  • Expanding UNO’s use cases for borrowing and swapping to mitigate upward peg risks.
  • Ensuring deep stablecoin liquidity, over-collateralization, and a robust liquidation mechanism with responsible parameters (e.g., caps) to reduce downward peg risks.
  • Minimizing censorship risks by deploying an immutable contract, utilizing uncensorable assets, and having a non-US domiciled core contributor.

UNO is part of Nostra, a comprehensive DeFi solution where users can borrow and swap crypto assets.

By integrating Nostra Money Market, UNO, and Nostra Swap, we form the Nostra Liquidity Layer—providing permissionless access to liquid crypto assets anytime for any purpose, with minimal price impact.

The core functions of the Liquidity Layer include lending, borrowing, minting, and swapping.

Further details on UNO’s role within the Nostra Liquidity Layer will be released in the coming months.

Frequently Asked Questions

We currently have no price information of Nostra UNO UNO available.
The circulating supply of Nostra UNO is 1000000000.
The total supply of Nostra UNO is unknown.
The max supply of Nostra UNO is unknown.
Nostra UNO is a decentralized coin.
Nostra UNO is a cryptocurrency running on its own blockchain.

Github Statistics (Development)

UNO Markets on Crypto Exchanges

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