According to TechFlow, David Garai, the founder of StarkNet's DeFi platform Nostra, resigned from the project's CEO position 11 days after the NSTR token airdrop. Garai posted on the social platform X that this was his first break in four years and promised to return in the future.
He noted that over the past two and a half years, Nostra has become the largest and most profitable protocol on StarkNet, with annual revenue of $2.5 million and a total locked value of more than $180 million. Richard Thomas-Pryce, head of product at Tempus Labs, will take over as the “day-to-day leader” of Nostra.
The timing of Garai’s resignation sparked questions from some community members, to which he responded by saying he “did not sell a single token.” Following the announcement, the price of Nostra’s token fell by about 4% before recovering slightly.
