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All Wallets For The Lease To Give Initiative Are Now Funded

Following accounts are participating/competing:

@PRO_Indicators

@WordJizz

@Rebel Defi

@DLeveraged

@fluffy_trex


Let's make a difference! πŸ€

We are also thinking something creative with community in relation to Lease to Give. If you have any suggestions/ideas drop them in β πŸ’¬β”‚general-chat in our discord.
⚠️ Friendly Reminder ⚠️

Today at approximately 11:00 AM UTC, the Nolus app might be inaccessible for up to 30 minutes, due to a base layer update !
⚠️ Core Upgrade Completed ⚠️

Nolus Core Upgrade (Eden v0.6.2) successfully completed!
The Nolus Protocol is now fully functionalπŸ”…
Important Announcement

-$NLS incentives for USDC.axl liquidity providers on both Osmosis and Neutron markets will be phased out in 7 days.

-All liquidity providers in USDC.axl pool please swap and transfer to the native USDC pools.

-All pending $NLS rewards should be claimed by the end of the 7-day period.
Important Announcement

We are transitioning the support channel β πŸ†˜β”‚support on Discord to an announcements-only channel.

This channel will provide instructions for users on how to create a ticket or start a chat on hub.nolus.io.

Why?

This transition will significantly reduce the risk of scams and enhance user protection, not only smoother and faster UX
# 🚨 Important Update: Neutron Blockchain Halted for Upgrade 🚨


Hi all

We wanted to inform you that the Neutron blockchain is currently halted for a pending chain upgrade. Due to this, leases and transfers on the Astroport integration are temporarily unavailable.

Rest assured, we’ll keep you posted and let you know as soon as the network is back online and all services are fully restored.

Thank you for your understanding and patience!
Got Questions? πŸ™‹β€β™‚οΈ We've got answers

Check out the Knowledge Hub's fresh new look

Learn it, don’t burn it ▢️

https://hub.nolus.io/en/
Important Announcement

πŸŽ™οΈ Join Metodi Manov (@hodlmastermeto) for an AMA with Eclipse Fi team πŸŽ™οΈ

πŸ—“οΈ Tuesday, 13 August 2024 18:30 UTC

Link to event: https://x.com/i/spaces/1gqGvNwXrwzGB

Set your reminders and don’t miss out!
🚨 Important Update: Neutron Blockchain Is Upgraded 🚨


All leases are resumed
🚨Important Annoucement 🚨

There is a new category on Discord outlining how to create a support ticket as well as access the support chat. Please check β πŸ†˜β”‚support on our Discord

Briefly:

To Open a Support Ticket
1️⃣ Visit hub.nolus.io πŸš€

2️⃣ Click the chat bubble in the lower corner of the page πŸ’¬

3️⃣ Describe your issue: Include your wallet address, transaction details, and any relevant data

Expect a response within 24 hours on business day
Attention Nolus Community! 🚨

Mark your calendars!

Get the latest updates from our Core Contributors, along with trading insights from the special guests @rebel_defi & @fluffy_trex, who are part of the Lease to Give Initiative

πŸ“… August 15th

⏰ Thursday, 15 August 2024 16:00

🎀 @BilyanaChristov

πŸ‘₯ @EatHealthyGetR1

Set reminder here and Speak soon https://x.com/i/spaces/1ZkKzRavbPyKv
Proposal #141 Is Now Live For Voting!

Summary:
Currently, the utilization of funds in the lending pools is relatively low, with 1.8M USDC supplied and only 360k USDC borrowed. You can check the stats here

This proposal aims to reduce incentives to maintain a sustainable rewards runway in the long term, with the flexibility to increase rewards when more borrowers participate.

➑️ Cast Your Vote
Here are the Nolus Monthly Insights for July

$60 million Transaction Volume πŸš€πŸš€πŸš€

$2.2 million TVL 😎😎😎

$3.9 million 30 day IBC Transaction Volume πŸ”₯πŸ”₯πŸ”₯

Markets in Gutter, Best Time to Open Leases πŸ₯°πŸ₯°πŸ₯°

70% Profitable Trades. See Picture for all the Insights !!!
⚠️ The Neutron chain is scheduled for an upgrade at 22:30 UTC today.

It is expected to take approximately one hour. During this time, you might experience delays when managing lease positions on the Astroport (Neutron) market

Please plan your activities accordingly!
Nolus Meme Competition For A Chance To Win πŸ’°πŸ’°πŸ’° !!!

βœ… How to Compete:

-Create a meme (funny/intelligent/exuding knowledge) related to Nolus protocol πŸ”₯

-Post it in β πŸ’¬β”‚general-chat channel of our Discord

-Post as much as you want before the ⏰ 31st of August, multiple entries allowed.

-Share it on socials, especially X and tag your good friends (This is not compulsory, but will be appreciated).

Winners Announcement: Wednesday, 4th September, 2024 (in our discord).

πŸ† Prizes:

Best Meme: $100 πŸš€πŸš€πŸš€

Second Best Meme: $50 πŸ₯°πŸ₯°πŸ₯°

Third Best Meme: $25 😎😎😎

A team of Mods plus core team members will decide top three and share it on our socials including X!

Let the Memes begin!
⚠️ Due to a required parameter adjustment in the Nolus Money Market following the latest smart contract update https://ping.pub/nolus/gov/144, all Leases from the Osmosis market are currently inaccessible!

Please note:
πŸ”’ All funds remain secure
🚫 Liquidations will not take place
⏸️ System repayments will not take place

We are actively working on an expedited proposal to minimize the time!
!Important

Following a major update to the money market, we identified the need to implement an oracle parameter change β€” something which did not manifest as a necessity on either the development or test networks

We tried to push an expedited proposal, but a bug in the SDK held us back. Fortunately, a quick binary patch was released and applied, and now the proposal is live, expected to pass in the next 24 hours

Once proposals #145 and 146 pass, the Osmosis market will be fully operational again

Until then, no system repayments or liquidations will take place, and no new lease positions can be opened on the Osmosis market