TechFlow news, according to The Block, David Garai, founder of Nostra, a DeFi platform in the StarkNet ecosystem, has stepped down as CEO of the project 11 days after the NSTR token airdrop. Garai posted on social platform X saying this is the first time he's taken a break in four years, and promised to return in the future.
He pointed out that over the past two and a half years, Nostra has become the largest and most profitable protocol on StarkNet, generating annual revenue of $2.5 million and achieving a total value locked exceeding $180 million. Richard Thomas-Pryce, Head of Product at Tempus Labs, will take over as "day-to-day lead" for Nostra.
The timing of Garai's resignation has raised questions among some community members. In response, he stated that he "has not sold a single token." After the announcement, Nostra's token price dropped around 4%, before recovering slightly.
