​​✋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!

Congratulations to the 20 lucky winners of the Discord contest! 🎉

The airdrops will be sent shortly to the wallets that you filled in the form.

Cryptoangel18#1113
jamessss#2859
MZZAR
Lermontova
Jazjai
Asad2173#4926
Patisinger
Hook#3210
Aşmöya#2515
Artemtheblade69#2196
chusnulchalim#9204
mufid#8388
Spastikacid
Tesmo#8502
Ay4chat#3109
Timeganja
rafa_gs
GOX3NGTD#5865
Michot#6429
Tiito#6959

And to the rest of you who participated, opportunities at Nimbus are never-ending! Keep your eyes on our socials!😎

​​👋The Nimbus Glossary series is back!

The Nimbus DAO members have the power to participate and drive the future direction of the platform in terms of technical, economic, and governance-related matters.

Because it's such a powerful tool to implement true decentralization, the Nimbus Glossary today brings to you the term — ✨DAO✨

Here are some interesting facts about DAOs:
✅ DAOs may have different purposes for their existence. Depending on that purpose, their members may also have different decision-making power related to diverse aspects of the organization. The key goal here is to establish a balanced system that would address the original goal of creating such a DAO and be sustainable in the long-run.
✅ Initially, Bitcoin was considered the 1st project that was close to being a DAO until Ethereum and its smart contract technology were launched.
✅ Governance tokens stand at the heart of implementing the powers that a DAO enables to a community. GNBU is an example of such token.

And yes, we know DAO is a complex topic - let us know if you’d like to learn more: share your feedback in our chats 😉
#NimbusAcademy #NimbusGlossary

​​✋Hey Nimbus community,

👀Have you ever thought of receiving a part of your salary in Bitcoin? Miami Mayor Francis Suarez announced earlier this week that he’ll take his next paycheck entirely in the cryptocurrency. By the way, did you know that last month Mr. Suarez said that he’s working on a plan that would allow Miami to pay city workers in bitcoin?

🙌Why Bitcoin? Most probably because of the high level of liquidity. Thus, eventually authorities might start accepting alternative altcoins. However, they should take more precautions when choosing the coins to work with as the market is still full of “dummies” that are worth nothing. One of the perfect examples would be Squid Game token, which crashed to zero as developers make off with $3.4M. According to some reports, over 40,000 investors have lost their money in the rug pull.

🦾In terms of opportunities, on the other hand, the SEC might soon approve an ETF based on Ethereum futures. VanEck was the first fund manager this year to apply for an Ethereum Trust in May, which would physically hold the crypto asset. However, before that, the regulator has to clarify whether ETH is or is not a security.

🕶In the meantime, the NFT market continues to gain momentum. Film director Quentin Tarantino is auctioning off seven never-before-seen “Pulp Fiction" scenes as NFTs. Each token will contain “secret" content that’s only revealable to its owner. Who will be next?

👋 Hey Nimbus Community,

The Nimbus Lend & Borrow dApps will be temporarily dismissed from the Ethereum network, effective today (November 11th, 2021). For the time being, these dApps will function solely on the Binance Smart Chain network.

Why? Because on the one hand, we see that due to the high gas fees, you use these dApps on BSC. On the other hand, while the functionality on Ethereum remains unused, it takes too many resources for contract republishing as we improve these dApps.

Connect your wallet to see current rates 👉 here!

​​✋Hey Nimbus community,

🤑It was a week full of records. First thing first, Bitcoin surged to new highs for the first time after inflation data bolstered the argument that the cryptocurrency is a hedge against rising cost pressures. Other coins also rose, with the Bloomberg Galaxy Crypto Index improving as much as 2.4% to its highest level since May.

🙈Secondly, ProShares’ Bitcoin futures exchange-traded fund rose to the top 2% of all ETFs in terms of the total trading volume. Bloomberg senior ETF analyst Eric Balchunas noted on Thursday that the instrument had $400 million worth of shares traded on Wednesday, with its average volume consistently putting it in the top 2% of all ETFs.

🥇Finally yet importantly, digital asset manager Grayscale has topped $60 billion in assets under management, surpassing the SPDR Gold Shares, the largest and most liquid gold exchange-traded fund in the world. According to the firm's Wednesday update, Grayscale now controls $60.8 billion in AUM, compared to SDPR Gold Shares' current AUM of $58.3 billion.

🍏Another curious fact the crypto community learned this week was that Apple CEO Tim Cook personally owns cryptocurrencies, using digital assets to diversify his investment portfolio. Should we expect a crypto integration in the Apple devices any time soon?

👋Hey Nimbus Community,

The new guides on Liquidity Providing and LP Staking are live!

With them, you’ll see step-by-step how you can become a Liquidity Provider at the Nimbus Platform and receive 2 types of rewards:
🔸 fixed 100% APY for LP token staking with rewards in NBU
🔸 0.3% Swap fee reward from each swap happening in your pool. Half of it is received in the NBU and the other half — in the other original token that is being swapped. These fees are then divided between all liquidity providers in accordance with their pool shares

The LP guide explains how to become a Liquidity Provider and start receiving Swap fees — see it 👉 here.

The LP Staking guide will walk you through the process of LP token staking so you can receive 100% APY without any hassle — see it 👉 here!

… And if you are looking for any other guide for a different functionality on the Platform, you can find it in our previous Telegram post here