Syncord | Official News Channel
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Syncord is a DAO-governed platform that offers earning strategies for users boosted by multiple layers of risk-management. Receive rewards from IPO participation, Lending & Borrowing, and more in one spot.
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#4 What is the correct term for this definition โ€” a protocol that links different blockchains, allowing users to transfer assets between them?
Anonymous Quiz
11%
a. A DEX
2%
b. On-ramp
73%
c. Bridge
14%
d. DAO
Here's your Quiz Report Card!

4๏ธโƒฃ answers are right - Jackpot, you are an NFT genius๐Ÿฅณ
3๏ธโƒฃ answers are right - We know that you follow with Nimbus educational resources on a daily. Keep it up!๐Ÿค“
2๏ธโƒฃ answers are right - Need a little bit of work, but you'll get there๐Ÿ“•
1๏ธโƒฃ answer is right - No worries! You can still make it by following this materials โฌ‡๏ธ

What is NFT, Article โ€œThe hidden side of NFTโ€, Livestream with Nimbus CEO, What is Bridge
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Still not subscribed to our YouTube channel? Well, hereโ€™s a great chance to fix that! ๐Ÿ˜

๐ŸŽ‰We are happy to present you with a walkthrough of the Nimbus Platform!๐ŸŽ‰

With this short explainer video, you will have a better understanding of the Nimbus Platform and the key value it brings to the world!

Write your thoughts on the video in the comment box and donโ€™t forget to give it a big โ€œthumbs upโ€!๐Ÿ‘ LINK
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๐Ÿ‘‹Hey Nimbus Community, 

The Nimbus Academy on Lending is LIVE! 

๐Ÿ’  In this episode, Pedro Reyes, a member of the Nimbus tech team, whom we have already introduced to you before, will be talking about - Lending.

What will be discussed in this video? 
โœ”๏ธ  Difference between Lending and Borrowing in TradFi and DeFi
โœ”๏ธ  Types of blockchain-based Lending and Borrowing protocols (CeFi vs. DeFi)
โœ”๏ธ  The technical mechanics behind Nimbus Lend dApp
โœ”๏ธ  Practical scenarios to explain Nimbus Lend dApp in simpler terms
โ€ฆAnd more!

๐Ÿ’ Watch NOW๐Ÿ‘‰ Here!
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โœ‹โ€‹โ€‹Your weekly crypto digest is here

๐Ÿค” Does any of you remember when was the last time that a traditional financial institution launched something revolutionary? Exactly, probably in the 20th century. Who knows how long this situation could last if blockchain technology didnโ€™t emerge. Scared of losing control over money flow, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) finally announced it is working on an inflow translation service that will improve cross-border payments. Still, the question remains โ€“ can it compete with crypto?

๐Ÿ™Š In our opinion no, which is why an increasing number of companies start accepting payments in bitcoin. This week the international trading company Elektra, owned by Ricardo Salinas, one of the wealthiest men in Mexico, has announced a new agreement with BitPay.

๐Ÿฅ‡Talking about revolution, Robinhood announced it is launching a crypto gifting feature, which will allow users to send crypto to friends and family via the trading app starting Dec. 22. On top of that, cryptocurrency lender Nexo has teamed up with crypto hedge fund Three Arrows Capital to launch an NFT-backed lending service. The platform will initially accept Bored Apes and Cryptopunks NFTs, before adding more items continuously.

We wish you a good weekend!
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Hey Nimbus Community,

We have been developing the Nimbus special NFT functionality in stealth mode so farโ€ฆ

โšกBut today, for the first time, we are taking down the veil from this special feature!โšก๏ธ

We call it the Smart LP n-NFT โ€” the first yield-generating NFT of its kind!๐Ÿ˜Ž

Since this is a new concept, we have created an entire blog post to explain it properly. There, youโ€™ll discover:
โœ…  How you can receive diversified real-time rewards while holding n-NFT?
โœ…  Whatโ€™s so special about it โ€” and why is it actually called an NFT?
โœ…  How is it connected to the Lend dApp and LP functionality?
โ€ฆ And much more!

Read the blog post ๐Ÿ‘‰ here and get ready to try the Smart LP n-NFT yourself soon!
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๐Ÿ‘‹Hey Nimbus Community,

Frens, WAGMI, gmโ€ฆ so many terms giving you FOMO?

Donโ€™t worry, Nimbus Glossary is here to help you discover the meaning behind each of those ๐Ÿ™Œ

Thereโ€™s one particular term that is being popularized lately: โœจDiamond Hands โœจ

Check the image above ๐Ÿ‘†to discover its meaning

Here are some interesting facts about it:
โœ… In the stock market, the term describes someone who is holding stocks religiously
โœ… โ€œDiamond handsโ€ are undeterred by large swings in the price 
โœ… The term is commonly expressed by the following emoji: ๐Ÿ’Ž๐Ÿ™Œ
โœ… It can also be used negatively to refer to stubborn holders who donโ€™t let go of an asset despite its stably falling value

#NimbusAcademy #NimbusGlossary
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๐Ÿ‘‹Hello Nimbus Community, 

We see how you enjoyed yesterdayโ€™s article about the first yield-generating NFT! So here are some more insights for you:

Since itโ€™s an unprecedented solution, we wouldnโ€™t be surprised if youโ€™re still wondering how it worksโ€ฆ
๐Ÿ”นHow is each n-NFT issued?
๐Ÿ”นHow do your assets get distributed across dApps?
๐Ÿ”นHow is it possible to receive 3 types of rewards while holding the n-NFT?

โ€ฆAnd so on.

๐Ÿ’กGreat news: weโ€™ve prepared a schematic infographic that addresses those questions! 

๐Ÿ‘†See the image above to discover the magic at play behind the Smart LP n-NFT!

#NimbusAcademy #NimbusInsights
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๐Ÿšจ ๐Ÿคฉ The deployment of the Smart LP n-NFT on the Mainnet has been initiated!

Wait, you donโ€™t know what n-NFT is? No worries - you can still catch up on this brand-new concept by Nimbus!

Read our latest blog post - youโ€™ll see why you certainly canโ€™t miss this! ๐Ÿ‘‰ Here
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๐ŸŽŠ๐ŸŽ‰ Today is the day! Smart LP n-NFT token is officially LIVE!๐Ÿคฉ

Donโ€™t miss the NFT revolution - meet the first yield-generating NFT on the market!
1๏ธโƒฃ Receive yields while holding your n-NFT - it acts as your unique tokenized portfolio
2๏ธโƒฃ Redeem assets and rewards any time by burning your n-NFT - no need to search for buyers
3๏ธโƒฃ One click access to the most popular DeFi solutions with high APYs: liquidity providing and lending
4๏ธโƒฃ Mitigate risks and diversify yields - automatically, thanks to the built-in mechanisms of asset distribution 

All you need to do is:
- Go to Nimbus Platform and supply a minimum of 1 BNB to get your n-NFT
- Yay! The NFT is now in your wallet. The supplied assets start working for you in Lending & LP - while youโ€™re enjoying your holidays!๐Ÿ˜๐ŸŽ„ 
- As long as you hold your n-NFT, youโ€™ll be receiving 3 types of yields in real-time: in BNB, NBU, and GNBU

๐Ÿ’ฅAnd hey, letโ€™s start with a bang! The first 22 users who get n-NFTs will receive $200 worth of NBU tokens as a Christmas gift! ๐ŸŽ

๐Ÿ‘‰Get your n-NFT now here - be in control of your yields!
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๐Ÿ“น Nimbus CEO Alex Lemberg is addressing the Nimbus Community once again!
 
Why? Because today is a special day not only for the Nimbus community but also for the broader DeFi market. It marks the launch of the first yield-generating NFT token: the Smart LP n-NFT by Nimbus Platform ๐Ÿ˜Ž
 
In the interview, Alex sheds more light on:
โœ… What is Smart LP n-NFT โ€” and why is it so special? 
โœ… Why it has a great potential โ€” both for its holders and the overall Nimbus community? 
โœ… Whatโ€™s next in the Nimbus NFT line?
..and more!
 
Getting curious now? Tune in๐Ÿ‘‰ Here!
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๐Ÿ‘‹Hey Nimbus Community,

๐Ÿ”ฅ We canโ€™t wait to thank all the loyal members! Your support and enthusiasm fuel us!

The much-awaited yield-generating Nimbus Smart LP n-NFT was launched only yesterday.
And what a surprise: merely within 3 hours of launch, over 50 Nimbus n-NFTs found their owners!


โ—๏ธ If you are reading this and wondering โ€” Did I miss my chance to get your n-NFT?
๐ŸŒŸFret not, Nimbus Santa is here to tell you that you still have a chance to become a proud n-NFT owner and make your assets work while you enjoy the holidays.

Nimbus Smart LP n-NFT:
1๏ธโƒฃ One click access to the most popular DeFi solutions with high APYs: Liquidity Providing, LP Staking and Lending
2๏ธโƒฃ Generates yields in real-time: in BNB, NBU, and GNBU (you can redeem assets and rewards any time by burning your n-NFT)
3๏ธโƒฃ Mitigates risks automatically, thanks to the built-in mechanisms of asset distribution

All you need to do is go to Nimbus Platform and supply 1 BNB, or more to get your n-NFT: the more assets you supply, the higher the rewards will be.

Try it out at Nimbus Platform now๐Ÿ‘‰ Here!

*Note for the first 22 owners of Nimbus n-NFTs: we expect to send prizes on December, 30-2021. Distribution happens once for one wallet address, irrespective of the number of n-NFT bought by the same address.
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๐ŸŽ… The Christmas holidays are around the corner meaning it is time to look back and balance all the craziness that took place in 2021. First thing first, hardly anyone can disagree with the fact that it was the year of NFTs โ€” according to the DappRadar Industry Report, over the past 12 months non-fungible token trading volume surpassed $23 billion.

๐Ÿ˜„ Decentralized finance also didnโ€™t disappoint โ€” the total value locked in DeFi protocols grew by more than 700% from 2020, surpassing $200 billion this year. It is worth mentioning that even though Ethereum remains the leading DeFi blockchain, new alternatives continue to emerge. Who knows, maybe one day it will become intertwined with traditional financial system. The good news is that a DeFi world in which counterparties interact directly via smart contracts would be more efficient and fair.

In terms of traditional cryptocurrencies, eight years after the first application for a Bitcoin exchange-traded fund was filed by the Winklevoss brothers, the first Bitcoin ETF in the United States began trading at the New York Stock Exchange. The new product allows trading through regular investment accounts, bypassing the hassle and security concerns of cryptocurrency exchanges.

๐Ÿฅฝ  Finally, yet importantly, the digital industry has been disrupted by the Metaverse space. David Palmer, blockchain lead at Vodafone Business, mentioned that in his opinion the Metaverse is much more than a virtual world where digital experiences via games or social media networks can take place. Overall, we are pleased to see that an increasing number of companies are beginning to develop and leverage business models in the recently born space, meaning the technology could hamper fast adoption.
 
๐ŸŽŠ๐Ÿฅณ๐ŸŽ‰ In summary, it looks like the crypto industry continues to gain momentum. Of course, none of that would be possible without loyal communities like ours! We wish you very happy holidays and most importantly even greater year ahead!
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๐Ÿ‘‹Hey Nimbus Community,

Are you wondering what's so special about the recently launched n-NFT? Or how by supplying a minimum of 1 BNB, you can start receiving rewards from 3 different streams at once, in real-time?

Perhaps, you missed the interview with our CEO Alex Lemberg!

It tells you all about:

โœ…Why the n-NFT is a revolutionary functionality?

โœ…Why this n-NFT is called Smart LP?

โœ…Which n-NFT types are next in our pipeline?

โœ…How can you get your own n-NFT?

Watch it๐Ÿ‘‰ Here
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๐Ÿ‘‹Hey Nimbus Community, 

As we welcome a new year, letโ€™s take a moment to appreciate our journey in 2021!

We have prepared a quick and sweet read where we talk about:
โœ… The 15 products we launched in 2021 and the motivation behind them
โœ… Our evolving high-level vision and growth strategy: how we plan to set the trends in 2022 instead of following the existing ones
โœ… What unprecedented solutions you can expect in 2022 - and why they are prone to put us in the avantgarde of DeFi
โœ… How we upgraded our approach to product development, audit, and testing throughout the year
โ€ฆand much more!

Give it a read๐Ÿ‘‰ Here!

Once againโ€ฆ a very happy New Year, Nimbus Community!๐ŸŽ† 2022 will be epic for all of us!
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