Syncord | Official News Channel
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Syncord is a DAO-governed platform that offers earning strategies for users boosted by multiple layers of risk-management. Receive rewards from IPO participation, Lending & Borrowing, and more in one spot.
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πŸ“Š Outside of crypto, what's your favorite financial vehicle?
Anonymous Poll
31%
Stocks
21%
Bonds
20%
Precious Metals
28%
Other
Let's talk about index funds πŸ€“

πŸ‘‰ An index fund is a basket of stocks users can acquire to obtain many stocks without getting them individually. An all-in-one stock.
πŸ‘‰ It’s one of the most efficient ways to diversify your portfolio and manage risk.
πŸ‘‰ DeFi has similar financial derivatives – and they’re better!
Here’s why...

To get an index fund:
πŸ“Œ Open a brokerage account (1 or more days)
πŸ“Œ Choose an index fund
πŸ“Œ Settle for a 10% ROI

To get a DeFi index fund alternative:
πŸ“Œ No account needed
πŸ“Œ Acquire it with one click
πŸ“Œ Receive up to 60% APR

Now, what’s one of the closest things to an index fund in DeFi? πŸ€”

It’s Nimbus NFTs πŸ†

They have a similar function to index funds but take things a step further. Learn about them belowπŸ‘‡
https://app.nimbusplatform.io/#/nft/n-NFT
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Hey Nimbus Community πŸ‘‹

Just a quick reminder of upcoming APR changes on March 22nd:
πŸ‘‰ The APR for LP Staking will be decreased to 15%
πŸ‘‰ The APR for Smart LP NFT will be decreased to 20%

These changes ensure long-term sustainability for our ecosystem. Also, we've made sure the APRs are still high enough to be one of the best on the market πŸ™Œ

Am I still entitled to the current LP APRs?

Yes! These changes refer only to new LP Stakings that will be opened from March 22nd.

All active LP Stakings with the previous 100% APR and the current 35% APR will remain the same. The same applies to the Smart LP NFT.

Stay tuned!
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Time to announce the winners of our #FridayContest πŸ₯³

Here are lucky ones who gave the right answer:

πŸ‘‰ https://twitter.com/nmbplatform/status/1636353458918903808

Congrats on winning $20 in $NIMB! πŸ™Œ
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What’s your most favorite aspect about cryptocurrency? πŸ€”
Anonymous Poll
6%
Volatility
71%
Decentralization
17%
Anonymity
6%
Security
Happy St. Patrick's Day!☘️

The four-leaf clover is globally recognized as a symbol of luck thanks to St. Patrick's Day.

We wish you luck for the rest of the month!
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It's Crypto Quiz Time πŸ™Œ

Answer the 5 questions correctly to win $20 in $NIMB!

To Enter:
βœ… Like & Retweet this tweet πŸ‘‰ LINK
βœ… Give your answer here πŸ‘‰ LINK

5 winners will be randomly chosen and rewarded 🎁

P.S. Try to avoid using Google or AI πŸ€—
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The latest happening in crypto this week πŸ’₯

πŸ“Œ The talent agency WME is expanding into crypto as they sign Web3 developers.
πŸ“Œ Soul Wallet is working on inventing a self-custodial ETH wallet to assist crypto adoption.
πŸ“Œ LinksDAO just won a bid to purchase an 18-hole golf course in Scotland.
πŸ“Œ India and the UAE are exploring facilitating trade in CBDCs.
πŸ“Œ A β€˜final’ law on EU digital wallets is forming as European Parliament vote in its favor.
πŸ“Œ Coinbase discussed local crypto regulations with Australian banking regulators.
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What is the most important trait to succeed in crypto? πŸ€”
Anonymous Poll
72%
Consistency
4%
Luck
24%
Timing
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Hey Nimbus Citizens πŸ‘‹

Here's your Weekly Nimbus Metrics!
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Hey Nimbus Community πŸ‘‹

The Nimbus Converter is updated and now fully working!

This update was made to counter bad actors from diminishing the health of the ecosystem.

πŸ‘‰ The update involves improving our anti-arbitrage security system.

πŸ‘‰ We added changes to the Converter functionality to prevent users with the intent of arbitrage and price dumping.

πŸ‘‰ Transactions may take slightly longer as there’ll be a process of internal audits.

πŸ‘‰ Tokens won’t be converted right away and could take up to a week depending on the number of pending conversions.

πŸ‘‰ https://app.nimbusplatform.io/#/converter

Stay tuned for more updates!
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DeFi has produced non-custodial financial systems, but something is still missing...

A decentralized credit system. πŸ’³ Almost all crypto loans are collateral-based; a credit system could change that. Does crypto need a decentralized credit system?
Anonymous Poll
94%
Yes
6%
No
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DeFi vs Traditional Finance: Open Banking Edition 🏦

You've heard of Open Banking, right?

It's tech that allows financial services to access your bank transactions and data through APIs. Open banking's main purpose is to help you track and manage your finances better.

But, there's a problem...

πŸ‘‰ Giving access to open banking providers puts your data at risk. You have to rely on centralized trust that your data is protected, isn't being shared, or isn't being used against you.

πŸ‘‰ DeFi is inherently anonymous – people are more comfortable with their transaction history being accessible on the blockchain than they are with sharing bank account data with companies.

πŸ‘‰ This is why DeFi can continuously produce elaborate systems and integrate it into things you use today, such as:

🌟Websites
🌟Desktop & Mobile Apps
🌟Chrome Extensions
🌟Telegram, Slack and Discord Bots
🌟Chatbots

DeFi is the future of finance!πŸ™Œ
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Hey Nimbus Community πŸ‘‹

The LP APRs have officially changed:
πŸ‘‰ LP Staking APR is now 15%
πŸ‘‰ Smart LP NFT APR is now 20%

These changes help promote long-term sustainability for our ecosystem.

Also, we've made sure to keep APRs high enough so you can still enjoy some of the best APRs on the market. πŸ†

What about active stakes before the update?

All active LP Stakings with the previous APRs of 100% and 35% will remain the same. The same applies to the Smart LP NFT.
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Hey Nimbus Family πŸ‘‹

We've got good news...

LP Staking functionality has been added to the Nimbus Mobile App! πŸŽ‰

We previously added Liquidity Providing to the app last month, and now we're glad to be adding more features.

Our mission is to make DeFi as convenient as possible. Adding LP Staking to our mobile app is a further step in finalizing our vision.

Get the app on Google Play:
https://play.google.com/store/apps/details?id=com.nimbusplatform

Stake with confidence on mobile πŸ™Œ

P.S. Check if you need to update the Nimbus Mobile App
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The year is 2030 🌐

Crypto cities have formed πŸ™οΈ Crypto becomes legal tender in most countries πŸ’΅ What’s the price of Bitcoin? πŸ€”
Anonymous Poll
30%
1,000 - 100,000
22%
100,000 - 250,000
16%
250,000 - 500,000
26%
500,000+
6%
No longer priced by fiat
How long have you been in cryptocurrency? πŸ•°οΈ
Anonymous Poll
6%
< 1 year
8%
1-2 years
56%
2-4 years
30%
5+ years
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Time to announce the winners of our #FridayContest πŸ₯³

Here are lucky ones who gave the right answer:

πŸ‘‰ https://twitter.com/nmbplatform/status/1638891811014950912

Congrats on winning $20 in $NIMB! πŸ™Œ
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if you go on Google, type "Crypto", and click on news β€” it's easy to believe a crypto apocalypse is going on.

But what gets swept under the rug is the involvement crypto will have in the near future.

Some many good things are happening such as:
πŸ‘‰ 220 million people worldwide using crypto to pay for everything
πŸ‘‰ El Salvador building a smart city based on Bitcoin
πŸ‘‰ Fidelity expanding Bitcoin & ETH trading to retail accounts
πŸ‘‰ Top crypto apps having a 15% download increase in a week

Crypto is slowly establishing itself in our day-to-day systems.

The future is bright with crypto!

Like❀️ if you agree
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What do you love the most about Nimbus? ❀️
Anonymous Poll
18%
Smart LP NFTs
26%
Smart Staker NFTs
34%
LP Staking
13%
Hard Staking
10%
Soft Staking
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The latest happening in the world of crypto πŸ’₯

πŸ”ΉThe UAE Central Bank is getting closer to launching their CBDC β€” the digital dirham

πŸ”ΉVenezuela has declared that it will be restructuring its crypto department

πŸ”ΉArbitrum's transaction activity outperforms Ethereum ahead of its ARB airdrop

πŸ”ΉLuxury brand Balmain release sneakers bundled with an NFT version

πŸ”ΉCoinbase did an experiment using ChatGPT to perform token audits

πŸ”ΉMetaverse platform Oncyber is creating an AI tool to turn text into 3D worlds
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