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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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We are excited to announce that the Nimbus Academy will be launching soon!🎊

Here's why you should be excited:
βœ… Learn all about DeFi and Crypto with the top brains at Nimbus
βœ… Discover the best step-by-step strategies of earning with Nimbus
βœ… Explore the unique product synergies within the Nimbus Platform to further boost your performance β€” unlike anywhere in DeFi!
βœ… We plan to launch different types of content depending on your preferences: video tutorials, interviews, visual guides, glossaries and so on. This way, you will surely find the format that suits you best!

...And here's the fun part β€” with some of this educational content, you will not only grow your expertise but also be able to gain rewards!πŸ˜‰

So grab your notesπŸ—’ β€” with Nimbus Academy, you'll be able to sail your way around DeFi like a pro!😎

#NimbusAcademy
We are glad to see that a substantial number of our community members voted in favor of continuing the Nimbus Glossary Series!☺️

So be it - here's the next term for you – ✨ "Price Impact" ✨

Check the image above to see its meaning πŸ‘†

πŸ’‘Important tip!

It is easy to confuse "Slippage" and "Price Impact" with each other as they are often used interchangeably. The key difference between the two terms is the following:

βœ… Slippage occurs for a particular trade due to the changing market conditions between the moment a transaction was submitted to the moment when it gets verified. Meaning Slippage affects your own trade - so watch out!

βœ… On the other hand, Price impact occurs for the whole market after a trade has been made. In other words, it does not affect your particular trade - but does affect the following ones, so take it into consideration if you’re planning on making several trades in a row.

Let us know what other words/terms you want to learn, and we will make sure to cover them next week!
πŸ‘1
The Lending Guide has officially been published!
Check it out πŸ‘‰Here!

In this guide, you will find detailed step-by-step instructions on:
βœ… Inserting supply to the different lending pools
βœ… Making withdrawals
βœ… Enjoying ultimate asset stability with overcollateralized loans
….and more!

Now, lenders can provide their ETH and BNB as liquidity for loans and start receiving rewards in ETH and BNB accordingly. NBU and GNBU will follow soon. The best thing is - you can withdraw assets at any point in time!

There are even more benefits on the other side of the dApp!

Go check it now πŸ‘‰Here!
β€‹β€‹βœ‹Hey Nimbus community!

🧠Another Week, Another Rollercoaster for the crypto industry. This time, markets have been hit by the news that anonymous hackers carried out one the biggest theft ever in the world of decentralized finance, stealing around $600 million from a protocol known as PolyNetwork that lets users swap tokens across multiple blockchains. The good news is that the very next day cyber criminals decided to return the stolen funds. One of the reasons could be the fact that a blockchain security firm SlowMist was able to track the attacker via a trail of digital evidence left behind.

Cardano tokens skyrocketed over 40% this week in anticipation of the network's smart contract capability finally launching. The crypto community has been expecting this since 2017! Why? These smart contracts will allow to build dApps on Cardano, opening up a variety of potential uses for the blockchain.

πŸ‘½Finally, it appears that Lionel Messi's transfer to French club Paris St Germain included a payment in cryptocurrency fan tokens, providing another big-name endorsement for new digital assets. It should be noted that among the clubs to launch tokens this year are English Premier League champions Manchester City and Italy's AC Milan. Why? The reason is very simple – they allow to engage fans and drive revenue at the same time.

Do you think fan tokens will help to popularize crypto?
πŸ‘1
πŸ—“ Monday is a great day to educate yourself!

We are thrilled to announce that the first-ever episode of the Nimbus Academy is out now!πŸŽŠπŸŽ‰

Since the journey of Nimbus Academy begins with this video, it's logical to talk about the most fundamental blocks of DeFi β€” Smart Contract!

Check it out πŸ‘‰Here!

Here's what you will learn in this episode:
βœ… What are smart contracts, and what makes them so essential to DeFi
βœ… How do smart contracts function?
βœ… Role of smart contract audits and why they matter?
βœ… How we approach smart contract audit at Nimbus?
...and so much more!

To save the best for the last:
There is a 3,000 NBU reward 🎁 opportunity waiting for you in this video β€” watch the video and participate!

πŸ€“Here's a tip for you:
Make sure to watch the entire video before you get to the competition because what you learn may play an important role in your chances of winning the reward!

Happy Learning!

#NimbusAcademy #NimbusTips
In the first episode of the Nimbus Academy published on Monday, we discussed what smart contracts are, what’s their role in DeFi, how their audit process looks like, and so on😎

For those of you who missed it, grab a coffee and watch the video now πŸ‘‰Here!

And for today, here’s a quick recap of the episode’s key term: Smart ContractsπŸ’‘

#NimbusAcademy #NimbusGlossary
Hey Nimbus Community,

If you haven't seen the latest news yet, we made an open proposal to the National Securities Market Commission (CNMV) offering our extensive experience and knowledge in the development of a robust regulatory framework. Ultimately, our goal is to bring durable clarity to the DeFi industry and protecting the digital asset community β€” users and providers β€” from malicious actors.

Learn more in our blog!

πŸ‘ŒIf you have any questions please don't hesitate to ask in the group
β€‹β€‹βœ‹Hey Nimbus Community!

πŸ‘Ύ White hats are gaining popularity in the crypto industry. This time a hacker operating under the pseudonym β€œSamzcsun” prevented the potential theft of $350 Million from DeFi project SushiSwap. Long story short, he noticed a flaw in one of MISO’s batching libraries. Thankfully, he contacted the SushiSwap team and several third-party experts to urge them about the security breach.

πŸ€– The lesson is simple β€” there are no limits to perfection, which is why we constantly try to improve our platform. Vitalik Buterin, on the other hand, believes that token-based decentralized governance is holding DeFi back. Alternatively, he suggested an exploration of β€œProof-of-Humanity”-based governance systems where one vote was allocated per each of a protocol’s users.

😺 Finally, former US Treasury Department Criminal Investigator Greg Monahan has joined Binance as Anti-Money Laundering Officer. His task will be to strengthen the organization's relationship with regulatory and law enforcement agencies around the world. Also, in case you missed it, Nimbus also looks forward to helping regulators make the DeFi industry more transparent and fair.
βœ‹Hey Nimbus Community

Have you checked out the Nimbus Academy contest yet? 3 viewers get the chance to win 1000 NBUs each!

Watch the video to the end to find out the conditions!
Simple isn’t it?😎

Here's what you will learn in this episode:
βœ… What are smart contracts, and what makes them so essential to DeFi
βœ… How do smart contracts function?
βœ… Role of smart contract audits and why they matter?
βœ… How we approach smart contract audit at Nimbus?

πŸ’ŽYou only have until August 24 to win rewards!
Watch and win πŸ‘‰ Here!
NBU (BEP-20) token is getting listed on Koinbazar on August 25th, 2021!πŸ₯³

πŸ”₯This is the first listing of the Nimbus tokens on a Centralized Exchange (CEX).

Why should you be excited about it?

βœ…For a DeFi newbie, CEXs are more convenient and accessible as there’s no need to use MetaMask and other DeFi instruments to gain access to tokens.
βœ…CEXs allow payments in fiat currencies via bank wire transfers and credit or debit card payments.
βœ…Centralized Exchanges typically have a higher trading volume, and you don’t have to deal with slippage and other inconveniences that you could face in DEX.
βœ…Nimbus users benefit from the potential exposure and the rapidly growing ecosystem of Koinbazar!

Token pairs:
1️⃣ NBU(BEP-20) - USDT
2️⃣ NBU(BEP-20) - INR

Stay tuned for more updates!😎
The three winners of the Nimbus Academy contest have been selected!πŸ†πŸ‘

Each winner has been notified in the comments below the video.

To check if you are one of the winners:
1️⃣ Go to the Nimbus Academy episode and check your comment
2️⃣ If you received a reply with congratulations from the Nimbus team β€” your week is going to start with a 1000 NBU airdrop!

Don’t get upset if you didn’t win, you will have plenty of chances to try your luck in the next episodes😎
The Nimbus Glossary is back!😎

Today we will explain another key term in DeFi β€” ✨ APY! βœ¨

This will help you understand your reward output better β€” check the image above πŸ‘†

Also, here are some interesting facts for you:
βœ”οΈ APY is a common term used in both the traditional financial markets and DeFi
βœ”οΈ On average, APY in DeFi is significantly higher than in traditional finance
βœ”οΈ Staking is one of the most fundamental DeFi mechanisms wherein APY is a key term
βœ”οΈ Nimbus Staking was rated by NewsBTC to be the top 3 staking opportunities in DeFi so now that you’re 100% sure how your rewards get calculated β€” go ahead and try it yourself!πŸš€

#NimbusAcademy #NimbusGlossary
The NBU (BEP-20) token is officially listed on Koinbazar in NBU/USDT and NBU/INR pairs!🎊

Now you can:
βœ… Get access to the NBU (BEP-20) without the need of using the MetaMask wallet and paying gas fees
βœ… Acquire NBU with fiat: the Indian Rupee β€” great news for our ever growing Indian community!πŸŽ‰
βœ… Benefit from the boost in the community growth

Check it outπŸ‘‡
NBU/USDT
NBU/INR
​​​​πŸ”₯Crypto weekly updateπŸ”₯

😳As expected, since the announcement of Ethereum's β€œLondon” hard fork, prices for ETH and related projects have skyrocketed. Still, the Ethereum blockchain has major changes ahead. As the ESG trend gains popularity, the second popular cryptocurrency is increasingly criticized for its heavy energy usage and carbon emissions. To satisfy the β€œgreen community”, developers will be forced to move the blockchain to a proof-of-stake system from a proof-of-work system eventually. Buterin expects the merge to Ethereum 2.0 to take place in early 2022 but it could come as early as late 2021. 

By the way, we at Nimbus are also developing something new in accordance with the ESG trend β€” stay tuned to learn more!😎

πŸ€“In the meantime, the crypto community is monitoring another important theme – Bitcoin futures on the Chicago Mercantile Exchange (CME). Currently, U.S. banking giant Citigroup is awaiting regulatory approval to begin trading bitcoin futures contracts on the CME. Following megabank Goldman Sachs, Citigroup also wants to get its part of the pie by offering cryptocurrency exposure to its clients.

πŸ₯³Finally, yet importantly, a demand for NFT tokens continues to surge. Visa recently announced a purchase of CryproPunk 7610 for $150,000. In addition, the company noted that it is creating tools for participation in a new area, and also announced the release of its system (API) for buying cryptocurrencies, which will be integrated with banks.

Do you think the crypto industry will still remain anonymous with all these trends?
πŸ‘1
​​Today we are sharing with you an overview that will answer some of your most burning questions and will certainly give you a comprehensive idea of our future plans and more!πŸš€

What makes it so special is the fact that the information within this paper is being shared with the community for the first time!

Here are a few highlights of what you will find out in the document:
βœ… What is the background and philosophy of Nimbus?
βœ… How technology plays a role in the ecosystem, and which technologies are we keen on leveraging?
βœ… What is Nimbus Business Model?
βœ… What are the upcoming dApps and hybrid DeFi instruments you can look forward to?
βœ… What are the most important values that Nimbus believes in?
βœ… What is the Regulatory framework model and how does it put Nimbus as a pioneer?
….and more!

Check it out πŸ‘‰Here!

We'd love to hear your feedback and opinionsπŸ™πŸΌ
βœ‹Hey Nimbus Community,

Here's your chance to win $30 worth of NBU tokens by simply answering a question in our latest Twitter Contest!

Go check it out πŸ‘‰Link
βœ‹Hey Nimbus Community,

Are you ready to learn another DeFi term?

Today we are talking about – ✨Impermanent Loss!✨Check the image above to discover the meaningπŸ‘†

And for bonus news for you β€” the second episode of the Nimbus Academy is coming soon!

This time we'll be diving deep into the concept of liquidity providing. Meaning, impermanent loss will be a very important topic in this episode!

Here’s what you will discover in this Episode:
βœ… Learn to pick promising pairs and projects for providing liquidity
βœ… Find out what’s the difference between impermanent and permanent losses - and how to avoid them!
βœ… Discover strategies of maximizing your rewards while providing liquidity
βœ… Find out how to earn 100% APY as an LP at Nimbus
...and more!

Subscribe to our πŸ‘‰YouTube channel πŸ‘ˆ and hit the πŸ”” icon, so you don't miss the upcoming episodes!