ββFree ETH and USDT loans?π
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:
β Customizable collateralization anywhere between 120% to 1000%
β No more losing sleepπ₯±over liquidation risks!
βοΈ Know the liquidation risk corresponding to the collateral level while borrowing
βοΈ 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
β Stressed because you still missed your loan overdue date? Don't worry: we've got you covered!
βοΈ 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.
βοΈAnd if the loan got liquidated, go to the 'Liquidation' section, where you can also βbuy it backβ.
π‘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 π
This means it's time to use your first-mover advantage and get your loans for freeπ Here!
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:
β Customizable collateralization anywhere between 120% to 1000%
β No more losing sleepπ₯±over liquidation risks!
βοΈ Know the liquidation risk corresponding to the collateral level while borrowing
βοΈ 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
β Stressed because you still missed your loan overdue date? Don't worry: we've got you covered!
βοΈ 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.
βοΈAnd if the loan got liquidated, go to the 'Liquidation' section, where you can also βbuy it backβ.
π‘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 π
This means it's time to use your first-mover advantage and get your loans for freeπ Here!
β€1
$100 worth of NBU Giveaway β can be yours!
All you need is a few seconds:
β Joinπ https://discord.gg/zvVjU78f85
β Invite minimum 2 friends via the "Create Invite" button in "βintroduce-yourself" channel
β Fill in our short form to participate π Form!
The giveaway ends on November 2nd! Grab it before it ends!
All you need is a few seconds:
β Joinπ https://discord.gg/zvVjU78f85
β Invite minimum 2 friends via the "Create Invite" button in "βintroduce-yourself" channel
β Fill in our short form to participate π Form!
The giveaway ends on November 2nd! Grab it before it ends!
ββπHey Nimbus Community,
Most of you must have used Uniswap, Curve, or Balancer once ever since you ventured into DeFiπ
Ever wondered what makes these DEXs different from traditional exchanges, or how do they ensure decentralization at large?π€¨
Well, the underlying mechanism called the AMM or Automated Market Maker that powers these DEXs is doing all the magic.β¨
Check the image above π to discover its meaning.
What's so good about AMM?
π§Ώ AMMs were created as a direct response to factors such as extreme slippage, latent price discovery that enabled market manipulation β 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.
π§Ώ 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.
Most of you must have used Uniswap, Curve, or Balancer once ever since you ventured into DeFiπ
Ever wondered what makes these DEXs different from traditional exchanges, or how do they ensure decentralization at large?π€¨
Well, the underlying mechanism called the AMM or Automated Market Maker that powers these DEXs is doing all the magic.β¨
Check the image above π to discover its meaning.
What's so good about AMM?
π§Ώ AMMs were created as a direct response to factors such as extreme slippage, latent price discovery that enabled market manipulation β 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.
π§Ώ 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.
πHey Nimbus Community,
Recently weβve talked about our new Affiliate Program in which you can reap 4 phenomenal rewards!
Havenβt joined it yet? Then hereβs all you need to do in order to activate your participationπ½
1οΈβ£ Go to land.nimbusplatform.io (yes, thereβs a separate website for the Affiliate Program)
2οΈβ£ Connect your wallet to the Affiliate Programβs website
3οΈβ£ Activate your participation by staking more than $50 worth of NBU (at the same website, not at the main Nimbus Platform website)
Thatβs it! And youβre already in!
P.S. See a detailed guide here but note we will keep updating it as the Affiliate Program interface is constantly improving
Recently weβve talked about our new Affiliate Program in which you can reap 4 phenomenal rewards!
Havenβt joined it yet? Then hereβs all you need to do in order to activate your participationπ½
1οΈβ£ Go to land.nimbusplatform.io (yes, thereβs a separate website for the Affiliate Program)
2οΈβ£ Connect your wallet to the Affiliate Programβs website
3οΈβ£ Activate your participation by staking more than $50 worth of NBU (at the same website, not at the main Nimbus Platform website)
Thatβs it! And youβre 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"π
Would you like to know more about what the article has to say about Nimbus?
Read hereπ²
Would you like to know more about what the article has to say about Nimbus?
Read hereπ²
Entrepreneur
How To Profit Off The $219 Billion (And Growing) DeFi Sector
It was inevitable for Bitcoin to launch. Roger Ver even said the Bitcoin ledger was the single most important innovation after the internet. Q3 2021 hedge fund letters, conferences and...
πHey 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 platformβs journey. He has always remained active within the community guiding his fellow members, working hand in hand with our admin β @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 usβΊοΈ
Letβs raise a toast to YOU!π₯
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 platformβs journey. He has always remained active within the community guiding his fellow members, working hand in hand with our admin β @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 usβΊοΈ
Letβs raise a toast to YOU!π₯
β€1
βββπ»Hey Nimbus community,
π Ethereum net continues to evolve β yet another upgrade called Altair took place this week. Long story short, the Ethereum network suffered two important changes: It added support for βlight clients,β 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.
βοΈ In the traditional economy, on the other hand, it was Visa Inc. that stood out this week. To be more precise, the companyβs 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.
π 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.
π Ethereum net continues to evolve β yet another upgrade called Altair took place this week. Long story short, the Ethereum network suffered two important changes: It added support for βlight clients,β 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.
βοΈ In the traditional economy, on the other hand, it was Visa Inc. that stood out this week. To be more precise, the companyβs 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.
π 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.
πHey 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, weβre back with some more detailed instructionsπ
In the new article, weβve shared:
β 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!
β How brand-new users can enroll in the Affiliate Program from scratch and start gaining rewards and growing their networks!
Read the article π here
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, weβre back with some more detailed instructionsπ
In the new article, weβve shared:
β 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!
β How brand-new users can enroll in the Affiliate Program from scratch and start gaining rewards and growing their networks!
Read the article π 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 magazineπ here!
Read our CEO's interview with Entrepreneur magazineπ here!
Entrepreneur
Nimbus CEO Alex Lemberg On The Power Of Blockchain To Create A Society In Which Everyone Is Empowered
Nimbus is a decentralized autonomous organization (DAO) regulated ecosystem that offers a variety of revenue streams to users on a single platform.
π2
Congratulations to the 20 lucky winners of the Discord contest! π
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
AΕmΓΆya#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!π
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
AΕmΓΆya#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!π
π1
ββπThe 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 β β¨DAOβ¨
Here are some interesting facts about DAOs:
β 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.
β Initially, Bitcoin was considered the 1st project that was close to being a DAO until Ethereum and its smart contract technology were launched.
β 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 youβd like to learn more: share your feedback in our chats π
#NimbusAcademy #NimbusGlossary
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 β β¨DAOβ¨
Here are some interesting facts about DAOs:
β 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.
β Initially, Bitcoin was considered the 1st project that was close to being a DAO until Ethereum and its smart contract technology were launched.
β 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 youβd like to learn more: share your feedback in our chats π
#NimbusAcademy #NimbusGlossary
β€1π₯1
βββHey Nimbus community,
πHave you ever thought of receiving a part of your salary in Bitcoin? Miami Mayor Francis Suarez announced earlier this week that heβll take his next paycheck entirely in the cryptocurrency. By the way, did you know that last month Mr. Suarez said that heβs working on a plan that would allow Miami to pay city workers in bitcoin?
πWhy 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 βdummiesβ 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.
π¦ΎIn 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.
πΆIn the meantime, the NFT market continues to gain momentum. Film director Quentin Tarantino is auctioning off seven never-before-seen βPulp Fiction" scenes as NFTs. Each token will contain βsecret" content thatβs only revealable to its owner. Who will be next?
πHave you ever thought of receiving a part of your salary in Bitcoin? Miami Mayor Francis Suarez announced earlier this week that heβll take his next paycheck entirely in the cryptocurrency. By the way, did you know that last month Mr. Suarez said that heβs working on a plan that would allow Miami to pay city workers in bitcoin?
πWhy 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 βdummiesβ 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.
π¦ΎIn 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.
πΆIn the meantime, the NFT market continues to gain momentum. Film director Quentin Tarantino is auctioning off seven never-before-seen βPulp Fiction" scenes as NFTs. Each token will contain βsecret" content thatβs only revealable to its owner. Who will be next?
β€1
π 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 π here!
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 π here!
βββHey Nimbus community,
π€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.
πSecondly, ProSharesβ 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.
π₯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.
πAnother 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?
π€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.
πSecondly, ProSharesβ 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.
π₯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.
πAnother 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?
πHey Nimbus Community,
The new guides on Liquidity Providing and LP Staking are live!
With them, youβll see step-by-step how you can become a Liquidity Provider at the Nimbus Platform and receive 2 types of rewards:
πΈ fixed 100% APY for LP token staking with rewards in NBU
πΈ 0.3% Swap fee reward from each swap happening in your pool. Half of it is received in the NBU and the other half β 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 β see it π here.
The LP Staking guide will walk you through the process of LP token staking so you can receive 100% APY without any hassle β see it π here!
β¦ 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
The new guides on Liquidity Providing and LP Staking are live!
With them, youβll see step-by-step how you can become a Liquidity Provider at the Nimbus Platform and receive 2 types of rewards:
πΈ fixed 100% APY for LP token staking with rewards in NBU
πΈ 0.3% Swap fee reward from each swap happening in your pool. Half of it is received in the NBU and the other half β 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 β see it π here.
The LP Staking guide will walk you through the process of LP token staking so you can receive 100% APY without any hassle β see it π here!
β¦ 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
β€1π1
π Hey Nimbus Community,
You may have heard a lot about Bug Bounty programs and white hackers receiving delicious rewards for identifying vulnerabilities for different protocols!
Have you ever wondered what exactly a Bug Bounty is? Or what do Bug Bounty hunters do in order to receive such massive rewards?
The Nimbus Glossary is back to explain to you the term β β¨Bug Bountyβ¨
Check the image above πto discover its meaning.
Don't forget! Your Nimbus Platform has an ongoing Bug Bounty Program on Hacken!
All our Bug Bounty hunters have the chance to be rewarded with up to $10,000 for every critical vulnerability detected!
Participate now to unlock your Bug Bounty π Here!
#NimbusAcademy #NimbusGlossary
You may have heard a lot about Bug Bounty programs and white hackers receiving delicious rewards for identifying vulnerabilities for different protocols!
Have you ever wondered what exactly a Bug Bounty is? Or what do Bug Bounty hunters do in order to receive such massive rewards?
The Nimbus Glossary is back to explain to you the term β β¨Bug Bountyβ¨
Check the image above πto discover its meaning.
Don't forget! Your Nimbus Platform has an ongoing Bug Bounty Program on Hacken!
All our Bug Bounty hunters have the chance to be rewarded with up to $10,000 for every critical vulnerability detected!
Participate now to unlock your Bug Bounty π Here!
#NimbusAcademy #NimbusGlossary
β€1
βHey Nimbus community!
βΎ Metaverse, an alternate digital reality, is rapidly becoming the new black. Since Facebook rebranded to Meta, markets were talking about nothing else but opportunities in the newborn sector. Many believe that the metaverse could increase the need for digital native currencies like cryptos. By the way, Meta Platforms recently launched a crypto wallet project called Novi. Overall we can say that now begins the race to build the best metaverse with a supporting digital asset experience.
π²Another great news for the crypto industry came from Galaxy Digital, technology-driven financial services and investment management firm, and TIME - a global media brand. Both companies partnered combining the Power of Media and the Metaverse to Educate Readers. TIME will leverage Galaxy Digital's deep expertise in virtual worlds to assist in explaining the metaverse and its exciting potential for the future. It should be noted that true to its crypto and Web3 focus, Galaxy Digital financed this partnership with Ether.
π§ Regarding the DeFi industry, in its latest research note, banking giant JPMorgan stated that the decentralized finance sector has plenty of room for growth. Chief analyst Nikolaos Panigirtzoglou writes that the sector is still in its infancy: βThere is little doubt that DeFi is still at early stages and thus has a lot of potential to grow over timeβ.
βΎ Metaverse, an alternate digital reality, is rapidly becoming the new black. Since Facebook rebranded to Meta, markets were talking about nothing else but opportunities in the newborn sector. Many believe that the metaverse could increase the need for digital native currencies like cryptos. By the way, Meta Platforms recently launched a crypto wallet project called Novi. Overall we can say that now begins the race to build the best metaverse with a supporting digital asset experience.
π²Another great news for the crypto industry came from Galaxy Digital, technology-driven financial services and investment management firm, and TIME - a global media brand. Both companies partnered combining the Power of Media and the Metaverse to Educate Readers. TIME will leverage Galaxy Digital's deep expertise in virtual worlds to assist in explaining the metaverse and its exciting potential for the future. It should be noted that true to its crypto and Web3 focus, Galaxy Digital financed this partnership with Ether.
π§ Regarding the DeFi industry, in its latest research note, banking giant JPMorgan stated that the decentralized finance sector has plenty of room for growth. Chief analyst Nikolaos Panigirtzoglou writes that the sector is still in its infancy: βThere is little doubt that DeFi is still at early stages and thus has a lot of potential to grow over timeβ.
β€1
πHey Nimbus Community,
It's been another productive biweekly sprint run for your Nimbus Team.
Without further ado, let's look at the progress made!
β Bridge between Nimbus LP staking section and PancakeSwap:
Now you can provide liquidity to NBU & GNBU (BEP-20) pairs on PancakeSwap but stake the LP tokens that you receive in return on the Nimbus Platform. This way, you can receive both your swap rewards from the PancakeSwap trading and from the LP staking, at 100% APY β yay! A similar bridge was also established with the Uniswap. This means you can benefit from a similar feature by providing liquidity in the ERC-20 tokens as well.
π¨Note β Make sure you use the same wallet in both PancakeSwap or Uniswap and the Nimbus Platform: otherwise the bridge wonβt work.
β Analytics Page (Backend):
In one of the previous sprints, we informed you about improving data on the analytics page by substituting the Subgraph with our own novel code. The work for the same on the backend has been completed, and we will no longer be using the Subgraph since all the data will be taken from our own backend. This means you will now have extremely accurate analytics to make well-informed real-time decisions on the Nimbus Platform.
β Support Clearance:
And as for the Nimbus support clearance, out of 77 support tickets received, 68 have been resolved successfully.
We saved the best for the last!
β Nimbus NFT token:
NFTs are changing both cultural and economic experiences for collectors and creators. As a holistic ecosystem, it seems natural to introduce NFT as a functionality on the Nimbus Platform. Hence, your team has been working on the Nimbus NFT token for the past few months, which will provide users with easy access to even more reward streams! We have finalized the smart contracts, and they are under auditing at the moment. The NFT token is coming sooner than you would expect! Stay tuned!
This is it for this sprint run, and we'll be back with the next one soon π
It's been another productive biweekly sprint run for your Nimbus Team.
Without further ado, let's look at the progress made!
β Bridge between Nimbus LP staking section and PancakeSwap:
Now you can provide liquidity to NBU & GNBU (BEP-20) pairs on PancakeSwap but stake the LP tokens that you receive in return on the Nimbus Platform. This way, you can receive both your swap rewards from the PancakeSwap trading and from the LP staking, at 100% APY β yay! A similar bridge was also established with the Uniswap. This means you can benefit from a similar feature by providing liquidity in the ERC-20 tokens as well.
π¨Note β Make sure you use the same wallet in both PancakeSwap or Uniswap and the Nimbus Platform: otherwise the bridge wonβt work.
β Analytics Page (Backend):
In one of the previous sprints, we informed you about improving data on the analytics page by substituting the Subgraph with our own novel code. The work for the same on the backend has been completed, and we will no longer be using the Subgraph since all the data will be taken from our own backend. This means you will now have extremely accurate analytics to make well-informed real-time decisions on the Nimbus Platform.
β Support Clearance:
And as for the Nimbus support clearance, out of 77 support tickets received, 68 have been resolved successfully.
We saved the best for the last!
β Nimbus NFT token:
NFTs are changing both cultural and economic experiences for collectors and creators. As a holistic ecosystem, it seems natural to introduce NFT as a functionality on the Nimbus Platform. Hence, your team has been working on the Nimbus NFT token for the past few months, which will provide users with easy access to even more reward streams! We have finalized the smart contracts, and they are under auditing at the moment. The NFT token is coming sooner than you would expect! Stay tuned!
This is it for this sprint run, and we'll be back with the next one soon π
β€2π₯1