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🌏

The NBU token is now listed on DeBank!🎊🎉

DeBank is a DeFi portfolio tracker with data and analytics for 11 chains, including Ethereum, BSC, Polygon, Arbitrum, Celo, OKExChain, Fantom, and more.

The platform enables users to track their full portfolio across 425+ DeFi protocols.

DeBank uses a proposal and voting mechanism to approve listings. Many of you supported the proposal created for the NBU token. We are thankful to have such an amazing community!

You can find the NBU token listed on DeBank 👉Here!

Let’s raise a toast to the Nimbus community!🥂

​​​​Hey Nimbus Community 👋

New Nimbus website is live!

Our main focus was to structure the data about the Platform in a more user-friendly manner. So now, it shares more insight on how each Nimbus solution functions and how users with different levels of DeFi experience can benefit from them.

Please note that this is just the basic structure of the new website: we will add more sections, detail, and color over time.

So what’s new?

👀 The homepage feels similar to the old one in some ways, except it’s now cleaner and you can see more statistics related to the platform. For example, you can see that the Nimbus Platform is among top 10% DeFi projects by total value locked (TVL). See the homepage for more insights😎

📊 The dApp Marketplace section has also been redesigned. Now all key dApps are listed there and more are underway — including the brand-new ones that we haven’t told you about.

💠 The tokenomics section now contains more insights on the token performance and listings for both token standards: ERC-20 and BEP-20. We’ve added actionable buttons on each of the NBU & GNBU tokens so that you can instantly track performance on both networks or even hop on exchanges to acquire the tokens.

But that’s not all: better go check it out yourself here and let us know your thoughts! And remember: the most interesting website updates are still underway😉

With the last Nimbus Academy episode, you now have all the resources you need to get started as a Liquidity Provider!

But it may still look complicated at first sight, right? Then here’s a follow-up on how exactly you can become an LP. Follow the steps indicated in the picture above, and you’ll hit your goal!

...However the most interesting part begins after you receive your LP tokens: in the LP staking section. That’s where you can earn 100% APY, remember? 😎 We’ll share a similar guide on that next week — stay tuned!

P.S. If you still have questions — don’t hesitate to ask our chat admin: @Viktor_Nimbus_Support Viktor is here to support you while you interact with the best DeFi opportunities💪

✋ Traditional weekly digest is here!

🙊Who said that crypto adoption reached its limit? This week PortAventura World, the resort that boasts the most theme parks in Europe, announced that at the beginning of the 2022 season it will start accepting Bitcoin as payment at the hotels. Thus, the company seeks to increase digitalization and innovation, at the same time simplifying customers’ experiences.

😳In the meantime, JPMorgan's crypto expert Nikolaos Panigirtzoglou said that Ether's fair value is around $1,500 based on measures of network activity. On top of that, he said that the Ethereum network is losing ground to blockchains such as Solana and Cardano.

🤔Finally, the largest theater chain in the world, AMC Entertainment Holdings Inc, plans to accept Dogecoin as payment for movie tickets after more than 140,000 Twitter users have voted for it in the company CEO’s poll. Do you think they will actually do it or that is just a marketing move?

It's time to talk about DeFi innovation!👨‍💻

Our Vice President Capital Markets — Mr. Waseem Mamlouk, talks about Ethical DeFi, an exciting part of our roadmap that aims to market 2 billion users.

Read the interview to know our VP's thoughts on it, here

https://hackernoon.com/on-the-future-of-ethical-defi-interview-with-waseem-mamlouk

​​🤚Hey Nimbus Community,

We're excited to announce that NBU and GNBU tokens are now available in the Lending and Borrowing dApps — both as loans and as collateral!

Since we actively recommend our community to use the Nimbus Platform on BSC with its extremely low gas fees, it only applies to the BSC network for now. But soon, we will also deploy it on the Ethereum network.

With this, Nimbus token holders have even more ways to benefit from NBU and GNBU tokens! Here are some examples:

1️⃣ You believe in the long-term NBU & GNBU growth potential but at the same time, wish to have other assets for trading, liquidity providing at 100% APY, and so on?

💡 Now, you can offer NBU & GNBU tokens as collateral and borrow other assets such as BNB and BUSD on BSC, or ETH and USDT on Ethereum — at nearly 0% APR!🤩 Then, you can use these assets for any opportunity — absolute freedom!

2️⃣ Or perhaps you’d like to get some rewards for Nimbus Staking but don't want to permanently sell your ETH, BNB, and other assets to acquire NBU & GNBU?

💡 Then simply borrow NBU or GNBU and stake them at up to 40% APY (tip: if you join the referral program and invite friends, then you can even unlock the 60% APY). Once you have received your rewards and you are satisfied, you can redeem your collateral in full.

This is the first true example of the tremendous synergies represented by a truly holistic DeFi Platform. More coming soon!

Try Lending and Borrowing with NBU or GNBU 👉Here!

​​👋Hey Nimbus Community,

Today, on the Nimbus Glossary, we’ll be covering another term — ✨Collateral Ratio✨

For example, if your loan value is 1 ETH and your collateral value is 1,5 ETH (worth of any other asset), then your collateralization rate is 150%.

Here are some interesting facts:
✅ Users of the Nimbus Borrow dApp can set their own collateral ratio from 120% to 1000% to be in control of the situation.
✅ This not only ensures that all lenders’ assets are safe and overcollateralized: it also helps borrowers manage the risk of loan liquidation.

💡Tip: at Nimbus, loan liquidation happens when the collateral ratio goes below 115%. So higher the amount of collateral ratio, the better, because if the asset exchange rates suddenly change, the collateral ratio may also drop below 115%. This in turn would result in the loan being liquidated and the user will have to “buy” it back in the Liquidations section.

😎 Don’t you worry, though! Here at Nimbus, we protect our borrowers from experiencing such a setback via push notifications.
The push notifications are triggered when the collateral level drops to 130%. Simply make sure to keep the Nimbus Platform website open and you’ll get notified.