✋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 meaning👆

And for bonus news for you — 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:
✅ Learn to pick promising pairs and projects for providing liquidity
✅ Find out what’s the difference between impermanent and permanent losses - and how to avoid them!
✅ Discover strategies of maximizing your rewards while providing liquidity
✅ Find out how to earn 100% APY as an LP at Nimbus
...and more!

Subscribe to our 👉YouTube channel 👈 and hit the 🔔 icon, so you don't miss the upcoming episodes!

🤚Hey Nimbus Community,

As a part of our venture to convey a deeper understanding of the Nimbus Platform and its product synergies, we have taken up the time to create a detailed infographic content for you.

Today, we are sharing an infographic on Nimbus Soft Staking! Check the image above👆

With this schematic representation, you will be able to understand:
✅ The soft staking conditions
✅ The benefit of being able to withdraw your deposit at any time desired — no lock-up!
✅ Claiming your rewards!
...and more!

Let us know what you think about this content format: would you like to have more visual explanations of this sort? All your feedback is highly appreciated🙏

​​Friday tradition! Crypto weekly update🔥

💯These past few years have shown that no matter what the market looks like, the development in the crypto industry will not be disrupted. This thinking is based on two key arguments: first, there is simply too much money in the sector, and second, blockchain and digital currencies are the future and hardly anyone can argue with this statement. Otherwise, why would governments all over the world work on so-called central bank digital currencies or CBDCs?

📢 The crypto exchange OKEx has launched a new platform dedicated to boosting the adoption of DeFi and non-fungible tokens. Do you think it will help accelerate NFT and DeFi adoption?

🔝The good news is that growing interest in cryptocurrencies also helps to boost DeFi industry. After a spectacular start to 2021 saw token valuations and trading volumes surge to ignite the current bull market, the DeFi sector as a whole took a break while the NFT sector stepped into the limelight. Some even claim that "DeFi Summer 2.0" is underway. What can you say here, let's hope they are right!

🙋🏼‍♀️The crypto adoption is in full swing – a couple of days ago, the “Legally Blonde” fame actress Reese Witherspoon has announced on Twitter that she bought her first ETH and how she's now active on "Crypto Twitter". Do you think Nimbus should collaborate with any celebrity?😏

🤚Hey Nimbus Community,

For the past few weeks, we have been working hard behind the scenes to streamline the Nimbus Platform's development process.
And then we thought: perhaps you’d be curious to stay in the loop with all the dev activities in real-time, too?

💡If so, we are introducing a way to get constant updates on development and product staging — even before the updates are launched on the mainnet!

Check out this page to view:
✅ New features that are being developed
✅ Bug fixes
✅ UI updates
.. and more, while it’s all in development!

After every two weeks, the updates you see there will be implemented on the Mainnet — unless further auditing is required.

All your feedback during the sprint weeks are highly encouraged and appreciated 🙏

🤚Hey Nimbus Community,

Today, the Nimbus Glossary will address another key DeFi concept – Liquidity pools!

Check the image above to discover the meaning 👆

This is a warm-up before the 2nd episode of the Nimbus Academy where we will cover the topic in much more detail — so get ready, it’s coming soon!

#NimbusAcademy #NimbusGlossary

Even for experienced crypto users, providing liquidity to DEX may seem risky and complicated...

🔥But you can avoid all these difficulties by simply watching the new Nimbus Academy episode! There, you will:

✔️Learn to pick the most promising pairs & projects
✔️Calculate your LP rewards
✔️Calculate the Impermanent Loss - or avoid it all together!
✔️Discover step-by-step strategies of boosting your LP rewards severalfold!
✔️Find out how to earn 100% APY as an LP at Nimbus
...and more!

All you have to do once you finish watching is simply go and implement these step-by-step strategies to boost your rewards!

🎁Moreover, you can also win 1,000 NBU by paying attention to the video content - see the contest conditions below the video 👉 here!😉

📲 Important Tech Update🚨

Please be informed that we are addressing some technical updates on the Nimbus Platform. The platform will remain temporarily unavailable.

We will update you as soon as the Maintenance has been concluded. Apologies for any inconvenience caused🙏

​​✌🏻Hey Nimbus community,

🧠 Without any doubt, the most important news story of the week was the adoption of Bitcoin as a legal tender in Salvador. By legalizing the first cryptocurrency, the country's president, Nayib Bukele, looks forward to attracting investment and helping the roughly 70% of Salvadorans who don't have access to "traditional financial services." Who would have thought just a few years ago that countries would accept cryptocurrency as legal tender?

👌 Following El Salvador, the Ukrainian Parliament adopted a law that legalizes and regulates cryptocurrency. Thus, Ukraine became the fifth country in as many weeks to lay down some ground rules for the cryptocurrency market, a sign that governments around the world are realizing that bitcoin is here to stay. If signed by the president, virtual assets, digital wallets and private keys are terms that will be enshrined in Ukrainian law.

👽 In this context, it shouldn’t be a surprise that even the international rating agency Moody's Investors Service has posted a vacancy for a crypto analyst. His task will include classifying traditional credit analysis methodology and identifying ways to integrate with the crypto asset valuation system. The work also involves participation in blockchain-related projects.

Which countries will be next to legalize cryptocurrencies?

🤚Hey Nimbus Community,

Time to announce the 3 lucky winners of the second Nimbus Academy Contest!🤩

https://twitter.com/diyon26
https://twitter.com/Naumi_Chan_
https://twitter.com/Herdhyas

Congratulations! To all our winners, please share your wallet addresses to @Viktor_Nimbus_Support

And for those of you who participated and didn’t win, Nimbus Academy will be back with another insightful episode. So be on the lookout! 😎

We've received many requests and inquiries from the community to reduce the minimum staking deposit for GNBU Hard Staking.

We are happy to tell you that it's finally happening!

The minimum staking deposit for GNBU Hard Staking will be lowered from $2500 to $250 worth of GNBU tokens!

⏰ At 12 pm GMT, our team have started the deployment of the new Staking conditions on the main net, and you'll be able to access them shortly.

Thanks to you, the Nimbus Platform is even more accessible and inclusive!😎

Cheers to you folks!🥂

Now that the minimum staking deposit for GNBU Hard Staking has been lowered to $250, you can easily maximize the rewards on your GNBU tokens😎

Plus, we have prepared an infographic on Hard Staking so that you are able to view a step-by-step visual guide on how to interact with the Hard Staking functionality to start receiving your rewards!

Check the image above👆

Here’s a simple tip for all our DeFi newbies on how to save up on gas fees if this is your first time staking on the Nimbus Platform:

💡We recommend using the Nimbus platform on Binance Smart Chain as the gas fees are much lower there

#NimbusAcademy #NimbusInsights

​​In today’s session of the Nimbus Glossary we’re talking about ✨TVL✨

Also, note that TVL is a rather nuanced metric as it is calculated differently depending on the functionality of the underlying product.

Here are a few examples:
1️⃣ TVL at a DEX would be measured by the value of the assets provided as liquidity
2️⃣ TVL at a Lending dApp would be measured by the value of the assets deposited by lenders and borrowers
3️⃣ And if we look at the Nimbus Platform, which combines several dApps at once, its TVL will consist of all of the above as well as the assets from other functionalities, for instance Staking. The more assets users insert in Nimbus dApps — the higher will be the TVL.

🤚Hey Nimbus Community,

The second round of the Nimbus Bug Bounty program is now open — this time, in collaboration with Hacken!

In this round, we decided to take an active approach toward the Bug Bounty program: we will be reviewing and rewarding the incoming applications in real-time together with our partner Hacken. This will both ensure higher security standards and enhance the experience for the participants.

Key facts before you get started:
The program has just started and will end on December 31st unless the Reward fund gets depleted earlier. 
Participants have an opportunity to receive up to 10 000 USDT each.

🧿 The official Bug Bounty program page is on Hacken: that’s also where you can send your applications.
🧿 More details about the program conditions can be found 👉 Here!

We wish all our Hunters best of luck!

Let the Hunt Begin!👍

​​🦾 Inflation continues to rise, interest rates remain low, while the US stock market is clearly overheated, so what can investors possibly do? According to Ray Dalio, founder of Bridgewater Associates, the world’s biggest hedge fund firm, the best solution would be to diversify across countries, currency and most importantly different asset classes, including crypto. Does it mean that crypto is exactly what traditional markets need? Considering the fact that more and more countries accept digital currencies as legal tenders, whereas big banks work on integrating crypto services, the answer is obvious…

👀 The question then remains, what is going to happen to money services providers like Western Union and MoneyGram? According to El Salvador President Nayib Bukele, they could lose around $400 million a year in commissions for remittances. Others believe that the figure will be closer to $1 billion. By the way, banks are also in trouble – younger folks are tapping their holdings to buy homes, cars, and, often, more crypto. They are getting these loans from upstart nonbank lenders and automated, blockchain-based platforms, such as the Nimbus Borrowing dApp.

🤘 Finally yet importantly, global brokerage firms also see an opportunity in crypto. Interactive Brokers Group, for example, has recently announced its launch of cryptocurrency trading, enabling clients to trade and custody BTC, ETH, LTC, and BCH via Paxos Trust Company. Thus, we could say that they recognize the need to meet the growing investor demand to trade cryptocurrency alongside other asset classes in a convenient and low-cost way.

By the way, did you know that Vitalik Buterin has made it to Time magazine’s 100 most influential people list?

​​The Nimbus team has grown to encompass 80+ team members and the platform’s product line continues to grow in complexity, scope, and scalability.

Today, we embark on a new chapter of the Nimbus Platform. The tenure of our interim CEO, Jorge Sebastiao, has come to an end. We thank Jorge for his leadership in this eventful period in the Nimbus Platform development, and welcome the new Nimbus CEO: Alex Lemberg.

Meet Alex Lemberg: new Nimbus CEO

Alex has extensive experience in the financial services industry, where he implemented systems and processes that intersected trading, investment banking, and asset management.

Alex comes with great pedigree and leadership experience managing cross-functional teams in the financial sector. He has served in management roles with top global financial firms such as Barclays, Bank of America, Morgan Stanley, JPMorgan Chase, and so on.

With his extensive experience, Alex brings the culture and the expertise to innovate and bridge the traditional finance and DeFi — which perfectly fits the mission of the Nimbus Platform.

With Alex as the new CEO, we believe the most exciting days of the Nimbus Platform are ahead.

But that’s not all: to mark this transition, you can listen to Alex’s interview with Bloomberg today.

In addition to Alex’s experience and background, he is a thought-leader in Wall Street, and it’s no surprise that he is a prominent figure in the media.

Today, he will be giving an interview at Bloomberg Radio. This is a great chance to get to know him better and prepare for what’s coming. So make sure to tune in to the interview at 19:15 GMT, hosted by Carol Massar and Sonali Basak, here: https://www.bloomberg.com/audio 

In the Bloomberg Business Week Podcast hosted on September 18th, our new CEO, Alex Lemberg, was invited to talk about the DeFi sphere and Nimbus’s role in it.

If you missed the live broadcast, you can listen to the recording👉 here, (starting from 20 minutes and 45 seconds).

Stay tuned for more to come soon!😎

​​👋Hey Nimbus Community,

Recently, we’ve told you about our new development approach and today, it's time to share our progress with you.

But before that, let's once again remind you what working in sprints means:

At Nimbus, a sprint is a two-week period, during which the tech team will deliver on the set tasks and milestones for the Nimbus Platform.
Here are a few key achievements of our latest sprint:

✅ 41 bugs addressed and resolved
✅ A bridge between the Uniswap and Nimbus Platform liquidity providing functionality: if you provide liquidity to Nimbus pairs on Uniswap, you can also stake the LP tokens you receive there at Nimbus (same conditions apply: 100% APY fixed). A bridge between Pancakeswap and the Nimbus Platform is on the way.
✅ More convenient borrowing process in the Borrow dApp:

- Push notifications that help you avoid loan liquidation. You will receive them either when the collateral level drops to 130% (the loan liquidation is at 115%) or 10 days prior to the date when your loan could become overdue (for example, if you take a loan for 90 days, you will receive the notification on the 80th day). Make sure to open the Platform and connect your wallet to see the notifications.

- Rollover section where you can see overdue loans. If yours is there — you can take action and “buy” it back. Or you can “buy” overdue loans of other users and receive a part of their loan’s collateral in the original token.

- Liquidation section where you can find liquidated loans (those with collaterals between 115% and 100%). Again, if yours is there — you can take action and “buy” it back. Or you can “buy” others’ loans and receive a part of that loan’s collateral in the original token.

✅ Enhanced analytics in the P2P Exchange dApp: now you can see the total trade volume and other useful statistics

✅ LP Staking interface upgrade: to optimize the gas fees on BSC and Ethereum networks, now all numbers include 4 decimal places only

✅ Improved analytics page performance

There were even more updates for the sprint week that were essential for the user experience. We have shared with you the most crucial ones. We'll be back with another sprint update soon!

​​🤚Hey Nimbus Community,

Today’s term of the Nimbus Glossary is — ✨Pool share✨

The second episode of the Nimbus Academy throws more light on how knowing your pool share helps you calculate the actual size of your 0,15% LP rewards.

Watch the episode to put the term and its meaning to full use👉 Here!

Welcoming our newest team member!🤝

Pedro Reyes has been a part of the Nimbus community for over 2 years now. Following his passion and belief for the Nimbus Platform, he has been actively spreading the word about the Platform, helping other users understand its functionality, and much more.

Today, Pedro is rising the ranks within the Nimbus team as an Internal auditor of the Nimbus Platform.

As an internal auditor, Pedro will assume tasks such as — internal auditing, development of middle and long term audit processes, cyber security, and high-level analysis among the other roles.

Pedro's journey is a true representation of one of Nimbus's strongest values — anything is possible with the right motivation, support, and dedication💪

We’re proud to have such highly involved and talented community members. We encourage all of you to connect with our team and share your ideas and proposals. After all, that is the true spirit of co-creation in a decentralized global community🌏