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💪

​​✋Your weekly market summary,

🚀 The crypto market is roaring once again with Bitcoin moving past $59K. This spike of optimism could be contributed to multiple factors. First things first, Australia’s largest pension funds Queensland Funding Firm QIC has said it may make small investments throughout the cryptocurrency sector. CDPQ — Canada’s second-largest pension fund — on the other hand, co-led a $400m funding round for crypto lending platform Celsius Network.

🤑 Secondly, it looks like a futures-based bitcoin exchange-traded fund is getting closer to approval in the US. To be more precise, the ProShares’ product is widely expected to receive accreditation on October 18. If approved, futures-based ETFs will allow investors to gain crypto exposure. By the way, would you invest in a crypto ETF?

🧠 Finally, yet importantly, the President of the Russian Federation, Vladimir Putin, said that cryptocurrencies could be eventually used as a means of payment. Even though, he claimed it was too soon to talk about using digital currencies for trading oil and other commodities that form the bulk of Russia’s exports. Who knows, maybe soon enough things will turn around.

🔥🔥 22,12% BNB APR…26,92% BUSD APR – the yields on Nimbus Lending are on fire!

This is 2X higher compared to the industry average!🚀

Combine these numbers with multiple benefits such as:
✅ Lending on your own terms – no minimum deposits, withdraw at any time!
✅ Overcollateralized loans – ensure that your assets are safe.
✅ Nimbus's 3 layer audit system with top auditors, including Chaitin and Hacken, keeps smart contract security and integrity in check.

But note: the APR can change any time depending on the market conditions!⏳

So don't miss out and put your assets to work now 👉 here!

How many of you here prefer Discord over Twitter and Telegram? Well, to those of you who do prefer Discord, we've got news for you!

We've created the official Nimbus Discord server so that you can have fun exploring and communicating with other Nimbus community members!

There's more! In celebration of the server's launch, we are announcing GIVEAWAY! 100$ worth of NBU to each of 20 lucky winners🥳

🏆 To win:
1️⃣ Join - https://discord.gg/zvVjU78f85
2️⃣ Invite minimum 2 friends via the "Create Invite" button in “➕introduce-yourself” channel
3️⃣ Fill in our short form to participate 👉 Form!

On November 2 we will randomly pick 20 lucky winners!

The Nimbus Platform: It is Safe and Trustworthy?
International Policy Digest made a review of the Nimbus Platform. Read here 📲

​​✋Happy Friday Nimbus community,

🤟🏾The DeFi industry has reached yet another milestone — the value of assets used in the ecosystem reached $100 billion for the first time. It may sound crazy but lending on cryptocurrency platforms rose 14.9% from last week to $50.7 billion, according to the latest data. Cryptocurrency exchange transactions on DeFi networks, on the other hand, surged 8.6%. Finally, the number of Bitcoin used in decentralized finance rose 8% to 209,575 from 194,130 a week earlier, whereas the number of Ethereum used went up by 3.5%.

🙊This spike of interest could be explained by the approval of the first U.S. bitcoin futures exchange-traded fund. The long-awaited ProShares ETF will offer exposure to bitcoin futures contracts — agreements to buy or sell the asset later for an agreed-upon price — rather than bitcoin itself. Thus, now anyone can get exposure to Bitcoin in his or her brokerage account. Yet, we find it important to mention that the ETF charges 0.95% a year. Would you invest in ProShares ETF that does not actually own Bitcoin?

Finally, on October 20, the PancakeHunny suffered a flash loan attack that targeted the Hunny TUSD Vault. As a result, the platform lost 388 BNB and 1.7 million TUSD (approximately $ 1.9 million). Curiously, PancakeHunny’s smart contracts were audited by Certik, one of the leading blockchain security companies in the industry, yet it fell victim to such an exploit.

✋Hey Nimbus Community,

We're excited to announce the launch of the Nimbus Affiliate Program!🎊

Get rewarded for introducing your friends 👥  to the world of DeFi via the Nimbus Platform:
✅ 12% bonus when you stake NBU tokens
✅ 10% bonus when your friends stake NBU tokens
✅ Up to 0.15% from the token swaps made by your friends
✅ One-time airdrops of up to 25% of the total amount of NBU staked by your network
✅ NBU Staking rewards of 60% APY (versus a maximum of 40% APY for the non-participants)

2-step participation:
✔️ Stake at least $50 worth of NBU at 60% APY
✔️ Invite at least one friend who’d do the same

Already a member of the Nimbus Referral Program?
Then you can easily jump right into this new Affiliate Program with better rewards!😎

For more details, read our latest Medium post 👉Here!

​​Free ETH and USDT loans?👀

Sounds too good to be true - but that's exactly what makes Nimbus Borrowing dApp so special: the lowest borrowing rates in the market!

There are even more benefits:
✅ Customizable collateralization anywhere between 120% to 1000%
✅ No more losing sleep🥱over liquidation risks!
✔️ Know the liquidation risk corresponding to the collateral level while borrowing
✔️ Push notifications are triggered 10 days prior to the loan overdue date to keep you prepared - or when the collateral level drops to 130% (loan liquidation = 115%) for real-time risk mitigation
✅ Stressed because you still missed your loan overdue date? Don't worry: we've got you covered!
✔️ If your loan is past the overdue date, go to the 'Rollover' section, where you can view all the overdue loans and buy yours back.
✔️And if the loan got liquidated, go to the 'Liquidation' section, where you can also “buy it back”.

💡Since the level of liquidity provided to each borrowing pool affects the APR - the APR will certainly start growing from the current 0% - so be fast to take your loan! This way, you can have the fixed 0% for the entire period of your loan 😎

This means it's time to use your first-mover advantage and get your loans for free👉 Here!

$100 worth of NBU Giveaway – can be yours!

All you need is a few seconds:
✅ Join👉 https://discord.gg/zvVjU78f85
✅ Invite minimum 2 friends via the "Create Invite" button in "➕introduce-yourself" channel
✅ Fill in our short form to participate 👉 Form!

The giveaway ends on November 2nd! Grab it before it ends!

​​👋Hey Nimbus Community,

Most of you must have used Uniswap, Curve, or Balancer once ever since you ventured into DeFi🙌

Ever wondered what makes these DEXs different from traditional exchanges, or how do they ensure decentralization at large?🤨

Well, the underlying mechanism called the AMM or Automated Market Maker that powers these DEXs is doing all the magic.✨

Check the image above 👆 to discover its meaning.
 
What's so good about AMM?
🧿 AMMs were created as a direct response to factors such as extreme slippage, latent price discovery that enabled market manipulation – most likely caused due to human activities. Since AMMs removed the need for manual involvement and involved liquidity pools, it also solved the problems mentioned above.  
🧿 In an AMM, token price changes automatically as the market moves. Moreover, even when the liquidity is low in a pair, an AMM allows the users to execute exchanges smoothly. However, during conditions of low liquidity, the price impact factor may be significantly high, hence while the exchange might happen almost instantly, the rate might not be optimal.

👋Hey Nimbus Community,

Recently we’ve talked about our new Affiliate Program in which you can reap 4 phenomenal rewards!

Haven’t joined it yet? Then here’s all you need to do in order to activate your participation🔽

1️⃣ Go to land.nimbusplatform.io (yes, there’s a separate website for the Affiliate Program)
2️⃣ Connect your wallet to the Affiliate Program’s website
3️⃣ Activate your participation by staking more than $50 worth of NBU (at the same website, not at the main Nimbus Platform website)

That’s it! And you’re already in!

P.S. See a detailed guide here but note we will keep updating it as the Affiliate Program interface is constantly improving

The entrepreneur.com recently quoted the Nimbus Platform in their feature on "How to profit off the $219 Billion (Growing) DeFi Sector"👀

Would you like to know more about what the article has to say about Nimbus?

Read here📲

👋Hey Nimbus Community,

Meet our new Community Manager!

Luis Diaz has been a community member since the inception of the Nimbus Platform back in the early 2020. His belief and enthusiasm have been perpetually growing with the platform’s journey. He has always remained active within the community guiding his fellow members, working hand in hand with our admin — @Viktor_Nimbus_Support.

Today, Luis is joining the Nimbus Team as a Community Manager and moderator of the Spanish community on Discord. Luis is tasked with the role of moderating the chat and interacting with members to maintain positive engagement and real-time problem solving.

Interestingly, this is the third team member that was initially a member of our incredibly engaged community! So happy to have you folks with us☺️

Let’s raise a toast to YOU!🥂

​​✌🏻Hey Nimbus community,

👀 Ethereum net continues to evolve – yet another upgrade called Altair took place this week. Long story short, the Ethereum network suffered two important changes: It added support for “light clients,” or lower-powered devices like mobile phones that can verify transactions, which furthers the decentralization of Ethereum, and it increased penalties for validators who are inactive or frequently offline, among other things.

✔️ In the traditional economy, on the other hand, it was Visa Inc. that stood out this week. To be more precise, the company’s crypto team collaborated with a cryptocurrency custodian BlockFi and a Palo-Alto-based credit-card startup Deserve to launch a crypto rewards credit card that would appeal to crypto enthusiasts and introduce crypto to the masses. It should also be mentioned that Mastercard also invested in Deserve in June in a $50 million funding round that valued the company at more than $500 million.

🔜 Finally, yet importantly, Twitter is working on a tab that will show off a user's NFT collection. On top of that, Jane Manchun Wong, a Hong Kong-based technology researcher and software engineer has revealed plans that Twitter is testing out its tipping feature on Android devices. Thus, we could say that crypto integration is gaining momentum and apparently, nothing can stop it.

👋Hey Nimbus Community,

We see that some of you might feel a bit lost while following the instructions shared in our previous post about the Affiliate Program.

To prevent you from undergoing any confusion, we’re back with some more detailed instructions😎

In the new article, we’ve shared:
✅ How existing members of the older Referral Program can activate their participation in the new Affiliate Program - while retaining their existing referral network and rewards!
✅ How brand-new users can enroll in the Affiliate Program from scratch and start gaining rewards and growing their networks!

Read the article 👉 here

Tips for entrepreneurs in the blockchain space, reasons why you can trust DeFi, overview of Nimbus's goals, and much more.

Read our CEO's interview with Entrepreneur magazine👉 here!