Key points
- The Nostra community voted 43.3% in favor of expanding to Monad.
- Monad’s EVM parallelization will support Nostra’s payment and DeFi applications.
Share this article
Nostra, a Starknet-based decentralized finance (DeFi) project, today announced plans to deploy Monad, an ethereum-compatible layer-1 blockchain. This move marks Nostra’s expansion into the EVM-compatible space, following a community-driven decision-making process.
The decision to partner with Monad came after Nostra ran a twitter poll last week, asking its community to vote on potential expansion targets. Monad received 43.3% of the vote, beating out other options such as Berachain (30.9%), MegaETH (15.6%) and other alternatives (10.2%).
<blockquote class="twitter-tweet” data-width=”500″ data-dnt=”true” wp_automatic_readability=”11.958333333333″>
GMonad
There was recently a community conversation about whether Nostra should be EVM compatible. https://t.co/odgJoDfcSL
The community has spoken and we are pleased to announce that Nostra will be expanding its horizons and becoming multi-chain with twitter.com/monad_xyz?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener noreferrer”>@monad_xyz
Much to talk about… photo.twitter.com/ISp9XrU445
-Nostra (,) (@nostrafinance) twitter.com/nostrafinance/status/1820843406563688843?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener noreferrer”>August 6, 2024
Nostra’s expansion to Monad aligns with the growing trend of multi-chain compatibility in the DeFi sector. The project aims to deploy its “Super App,” which offers lending, borrowing, swapping, and crypto-connection functionalities, on the Monad blockchain.
<div class="ai-rotate ai-unprocessed” data-shares=”WzEwMF0=” style=”position: relative;”>
<div class="ai-rotate-option” style=”visibility: hidden;” data-index=”1″ data-name=”U0lNRVRSSQ==”>
