​​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.

​​✋Stay up to date with Nimbus digest!

😅 Some things never change and the FUD about the crypto ban in China is one of them. This week a series of media outlets spread the news that the world's second-largest economy declared all transactions involving cryptocurrencies such as bitcoin illegal and stepped up a crackdown on illegal mining of them in the country. What they forgot to mention is that similar crackdowns have been announced already years ago, the only difference is that this time regulator has blocked access to major cryptocurrency-related websites, including CoinGecko, CoinMarketCap, and TradingView via its internet firewall. Someone is scared of losing control over its monetary system… but let’s be honest, eventually decentralization will win.

🤖 Despite growing regulatory pressure, Coinbase released a new function that allows users to get paid in bitcoin and other cryptocurrencies by enabling direct deposit of paychecks into Coinbase accounts. By the way, PayPal, SoFi, Chime, and Robinhood already offer crypto-related services to go along with their core products. Revolut, on the other hand, is looking to launch its token. Do you think we will see Facebook, Amazon, Google, or maybe JPMorgan coins too?

🤑Last but not least, where do you think is the center of the crypto economy now? According to Chainanalysis in Central, Northern, & Western Europe (CNWE). Curiously, an influx of institutional investment, signaled by large transactions, drove most of the growth, though retail activity also increased.

Welcome to the pilot episode of the Nimbus Academy Panel Discussions🎉

This is where top DeFi & Traditional Finance experts explain how you can benefit from DeFi and get prepared for the next market move.

The topic of this episode is:
💡How to catch the next wave of DeFi today and avoid the pitfalls along the way?💡

Meet our Panel Members who are seasoned experts in the Blockchain, DeFi, and CeFi space:

Jorge Sebastiao — the former CEO and Current Advisor of Nimbus Platform, who was awarded as the “Middle East’s Most Impactful person of the Year”.
Mohammad Salman Anjum is a crypto and DeFi educator who has been named as a “Top 100 Blockchain Leaders in the World”, also Founder and Chief Mate at Invoice Mate.
Gordon Einstein — the founding partner of CryptoLaw Partner, hybrid Crypto Attorney, Technologist, and Enterprise Strategist.

In this panel discussion, you will learn about:
✅ How to catch the next big wave in DeFi?
✅ What are the key DeFi trends you can benefit from in the near future?
✅ How to avoid pitfalls of the industry?
✅ Emerging DeFi solutions that you certainly shouldn’t miss. For instance, the upcoming Nimbus development: Islamic DeFi, which could market the 2 billion Muslim users eager to enter the industry.
✅ Is DeFi here to overthrow traditional finance - or they can live in peace?
...And much more!

Let us know if you like this format — and if so, which topics and experts you’d like to see in the next episodes?

Tune into the Panel Discussion #1👉 Here!

👋Hey Nimbus Community,

If you are tired of long text guides but still keen to discover more about how the Nimbus Platform works, we've got some news for you!

We have prepared a video guide on Nimbus Staking for you to watch and learn the art of making the most of our 6 staking conditions!😎

Check out the guide 👉here

Do you like this format? If so, put a like and we’ll create more video guides on other functionalities for you soon!

​​📰White hacker got paid the highest reported bounty fee of $1M so far for averting a bug crisis on Belt finance...
📰 ~$80M worth of COMP tokens have been mistakenly offered to users as rewards...
📰 Cream Finance lost $19M in a flash loan attack...

To prevent such instances from ever causing grievance to our community, we have built an ultra-reinforced three-layer security system for the Nimbus Platform.

Nimbus Platform security defense lines are as follows:
1️⃣ For newly developed smart contracts — two phases of testing via autotests and manual testing:
✔️ First round of manual testing — done by testers
✔️ Second round of manual testing — done by test managers
✔️ Final cross-checking done by pen testers
2️⃣ The smart contracts are reviewed by our primary auditors — Chaitin or Hacken
3️⃣ Then comes the Bug Bounty

While we are constantly working to keep Defence lines 1️⃣ & 2️⃣ active and effective, all Bug Bounty Hunters can come on board and help us with the line 3️⃣ of defense: our ongoing Bug Bounties!

While you do that, your efforts can be rewarded with up to $10,000 for every critical vulnerability detected!

Join the program, now 👉Here!

Read Nimbus Statement regarding El Pais's recent false claims 👉Here!

​​✋Your weekly crypto digest is here

📈 Despite China's recent ban of all cryptocurrency transactions, bitcoin not only didn’t rush down but also returned above $50,000 for the first time since early September. One of the reasons could be attributed to the fact that the Chairman of the US Securities and Exchange Commission, Gary Gensler, said that the regulator does not plan to ban cryptocurrencies or impose harsh measures against digital assets. By the way, earlier, the head of the Fed, Jerome Powell, made a similar statement.

🤑 No surprise even the family office of billionaire George Soros has invested in the first cryptocurrency. According to the head of the Fund, bitcoin has even more long-term potential. Bloomberg believes that the fact that the Soros family office, which manages money for the billionaire philanthropist, now publicly has some skin in the crypto game adds to the legitimacy of the sector. It should also be noted that other major institutions seem to favor DeFi as well.

✌🏻Finally yet importantly, according to Bank of America, the digital asset industry could become “one of the most exciting markets” in the coming years. The universe of digital assets with a capitalization of over $2 trillion and more than 200 million users is too large to ignore. Additionally, Bank of America believes that corporations may in the future be more willing to consider adding digital assets to their balance sheets for diversification.

​​Your Nimbus Team continues to work harder than ever to deliver results, and we’re back with another sprint report.

Let’s dive in!

✅ Wrap Machine:

Earlier with the Wrap Machine, you could view specific details about the transaction only before you executed the wrap (ERC-20 to BEP-20 token transfer and vice versa). We're talking about the number of NBU or GNBU tokens inserted into the Wrap Machine, the gas fees, the number of tokens received after the transfer, etc.

Now, we have ensured that these details are displayed after the wrap has been made. Also, the transaction history with all the relevant details is saved and can be viewed every time you connect your wallet to the Nimbus Platform.

✅ Revamped “Roadmap” section of the website:

Currently, the roadmap on the website shows dApps and products that have already been released, as well as the products that are in development — in a separate section.

We are working on a new section called "Now in development," where you will be able to track the work of the Nimbus tech team on products that are being developed on a weekly basis.

Want to know what exciting products your Nimbus Team is working on?

Visit the Roadmap now 👉 Here!

✅ Analytics Page:
We’re also working on improving the data on the analytics page to show real-time numbers and values. Currently, it does hold some flaws since the data is collected via a third-party server. We have done the necessary research and found a more optimal solution — to create our own novel code and implement it to show relevant analytics and data.

✅ 405 minor infrastructure improvements were implemented

We'll be back with another sprint run soon — hope you all have a great weekend!

Are you having trouble navigating your way around the Nimbus Platform? 🧐

If yes, we’ve got you covered!💡

Down below, you can find all the guides on different Nimbus functionalities and dApps 🔽

1️⃣ Nimbus Staking Guide 👉 Here and 📽 Video Version 👉 Here
2️⃣ How to switch between the Ethereum and Binance Smart Chain networks 👉 Here
3️⃣ Updated Nimbus Swap Guide 👉 Here
4️⃣ Lending dApp Guide 👉 Here
5️⃣ Wrap Machine Guide 👉 Here
6️⃣ Peer-to-Peer Exchange dApp Guide 👉 Here

If you still experience any difficulties interacting with our functionalities, you can always get in touch with our chat admin @Viktor_Nimbus_Support  or with Nimbus support, here 👉 https://nimbushelp.zendesk.com/hc/en-us 

🤚Hey Nimbus Community,

We’re here to announce our newest exciting educational venture — The Nimbus Academy Proficiency Test Series!😎

All you have to do is choose the answers that you think apply from the given lists of options! Once you’ve done that, you’ll see the correct answers.This way, you can both have fun and test the knowledge you’ve gained through the Nimbus Academy over the past 2 months!🤓

Ready? Answer the questions below💪