Nostra Pools

Rejected venues wait the longest for re-review; a rejection has to earn another look before the scheduled date.

Nostra Pools is an automated market maker on Starknet using constant-product and StableSwap curves, with liquidity providers earning swap fees. Those providers hold two tokens per pool, and as prices move the pool rebalances toward the weaker one, so a provider can end a period worth less than if they had held. That impermanent-loss mechanism is why the registry rejects the AMM category for advised money regardless of protocol quality: the client sees a loss they were never told to expect. Nostra held $318,000 on Starknet at the 2026-08-15 survey. A product line without two-sided pool exposure would earn its own review.

Kill criteria: the events that revoke this verdict
• A named Nostra product removes two-sided AMM inventory and impermanent-loss exposure and merits a separate review

The research file

Product and class applicability

Nostra’s current Pools page asks users to deposit assets into liquidity pools to earn swap fees and says Pools uses two AMM designs. The survey record identifies constant-product and StableSwap algorithms. Depositor return therefore comes from two-sided AMM inventory and trading flow, establishing direct applicability of the shared v1 AMM-LP dossier.

Current observation and perimeter

The DefiLlama API read on 2026-08-15 reported approximately $318,000, all on Starknet, and classified Nostra Pools as a DEX. This replaces the stale $10.3M observation; size is not the class rationale because the AMM exposure itself is disqualifying.

Control, loss and exit applicability

Nostra states that the applications are smart-contract systems and that users bear asset-price, slippage and cost risks. An LP controls when to submit an exit, but the amount recovered depends on pool reserves, the post-rebalancing token mix, prices, slippage, fees and Starknet execution; there is no claim on a fixed principal amount.

Why the class rule decides

The shared v1 AMM-LP dossier controls because pool shares retain two-sided inventory and impermanent-loss exposure. Reopen only for a named Nostra product that removes AMM inventory risk rather than merely hedging or incentivizing it; then verify payoff, custody, smart contracts, authority, liquidity, fees and stressed exit as a separate product.

Sources

The claims above trace to these. Where a number could not be independently verified, the thesis says so.

• Nostra — Pools product page · primary · accessed 2026-08-15
  Supports: liquidity-pool deposits, swap-fee return, two AMM designs, lending-yield integration
• Nostra — legal disclaimer and protocol-risk disclosure · primary · accessed 2026-08-15
  Supports: smart-contract perimeter, user control, asset-price risk, slippage risk, loss risk
• DefiLlama — Nostra Pools survey record · secondary · accessed 2026-08-15
  Supports: current TVL, Starknet-only perimeter, DEX category, constant-product and StableSwap mechanisms

Inherited controls

The verdict above grades the protocol layer. Every position also inherits the asset it holds and the chain it settles on. The least safe layer sets the position’s grade, and the position table names which one that is.