Nimbora Staked Starknet Liquid Staking

Nimbora is a Starknet-based infrastructure developed by the SpaceShard team, designed to enable cost-efficient earning and borrowing on Layer 1 protocols. By leveraging Starknet's ZK Rollup technology, Nimbora drastically reduces gas costs without compromising on security or trust.

What sets Nimbora apart is its innovative approach to cross-chain interactions. Unlike traditional systems that rely on zaps, bridges, and relayers, Nimbora:

• Aggregates user intents into shared pools.
• Batches transactions to handle multiple users at once.
• Executes these transactions efficiently, reducing complexity and costs.

This streamlined design allows users to seamlessly and gaslessly access Layer 1 strategies directly from Layer 2, making cross-chain activities both simple and highly cost-effective.

With sSTRK, you can optimize your staking position and earn rewards through multiple strategies:  

Provide Liquidity: Add sSTRK and STRK to liquidity pools to earn trading fees, extra DeFi Spring incentives, and 2x Nimbora tokens while continuing to receive staking rewards. You'll also receive an NFT to track your position and rewards, contributing to the ecosystem's liquidity.  

Lending: Lend your sSTRK on Vesu's lending markets to earn lending APR and double Nimbora points, while supporting Starknet's DeFi ecosystem.  

These strategies allow you to stack rewards from staking, trading fees, lending, and protocol incentives, providing flexibility to adapt to market opportunities and maximize your overall yield.

We strive to make staking as safe and transparent as possible, however, it's important to consider factors that may influence whether a particular staking option is appropriate for you.

Smart Contract Risks: There is an inherent risk that the protocol may contain unknown bugs, which could impact not only staking but your STRK investment overall.

Unstaking Risk: There is a lockup period of 21 days for sSTRK, following the standard route. This means that investors will not be able to transfer their tokens immediately, but instead need to wait 21 days after initiating ustaking before they can be traded again. This is something to remember when deciding to stake, as crypto markets are highly volatile.

Please note that this is not an exhaustive list of all the risks related to staking.

Liquid staking providers generate rewards by either running their own validator nodes or delegating staked tokens to trusted validators within the network. Rewards are primarily sourced from two mechanisms:

New Token Minting: The primary source of staking rewards comes from the minting of new STRK tokens. The quantity of tokens minted is determined by the total staking participation rate and the predefined maximum inflation rate.

Transaction Fees: Validators and delegators also receive a share of transaction fees generated on the network, distributed in either STRK or ETH.