👋Hey Nimbus Community,
As we welcome a new year, let’s take a moment to appreciate our journey in 2021!
We have prepared a quick and sweet read where we talk about:
✅ The 15 products we launched in 2021 and the motivation behind them
✅ Our evolving high-level vision and growth strategy: how we plan to set the trends in 2022 instead of following the existing ones
✅ What unprecedented solutions you can expect in 2022 - and why they are prone to put us in the avantgarde of DeFi
✅ How we upgraded our approach to product development, audit, and testing throughout the year
…and much more!
Give it a read👉 Here!
Once again… a very happy New Year, Nimbus Community!🎆 2022 will be epic for all of us!
As we welcome a new year, let’s take a moment to appreciate our journey in 2021!
We have prepared a quick and sweet read where we talk about:
✅ The 15 products we launched in 2021 and the motivation behind them
✅ Our evolving high-level vision and growth strategy: how we plan to set the trends in 2022 instead of following the existing ones
✅ What unprecedented solutions you can expect in 2022 - and why they are prone to put us in the avantgarde of DeFi
✅ How we upgraded our approach to product development, audit, and testing throughout the year
…and much more!
Give it a read👉 Here!
Once again… a very happy New Year, Nimbus Community!🎆 2022 will be epic for all of us!
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Hey Nimbus Community,
Gifts can make any occasion even more special, right?
It looks like, for some of our community members, the New Year celebrations are going to be a little more special.🙌
As we are here to announce winners who will receive $200 worth of NBU tokens each for participating in the contest:
So, if your n-NFT number is 1-22 - Congratulations!🥳 🏆💪 The prizes will be delivered to your wallets in early January.
And for our remaining community members, owning an n-NFT can prove to be an exciting gift in itself. It's a token that can make the rest of your assets work harder in the most complex strategies — all of that and more in the most hassle-free and secure way possible.
Gift yourself an n-NFT👉 Here!
Gifts can make any occasion even more special, right?
It looks like, for some of our community members, the New Year celebrations are going to be a little more special.🙌
As we are here to announce winners who will receive $200 worth of NBU tokens each for participating in the contest:
So, if your n-NFT number is 1-22 - Congratulations!🥳 🏆💪 The prizes will be delivered to your wallets in early January.
And for our remaining community members, owning an n-NFT can prove to be an exciting gift in itself. It's a token that can make the rest of your assets work harder in the most complex strategies — all of that and more in the most hassle-free and secure way possible.
Gift yourself an n-NFT👉 Here!
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👋Hey Nimbus Community,
What better way to begin 2022 than to learn another essential DeFi term.
Today, on the Nimbus Glossary, we present the term - ✨Burn✨
Token Burn has become an industry-wide practice - mostly for keeping the charts on the uptrend while also ensuring a strongly incentivized community.
Here are some more interesting facts:
✔️There are several methods employed to execute token burning in DeFi. However, the most common method is to send a specific number of tokens/coins to a so-called “eater address.” It’s an address that is not recognized by the Blockchain or loses its private key, meaning once tokens go there, they cannot be ever redeemed. The real-time balance of such address can be viewed publicly, but the contents within the address, a.k.a the tokens sent for burning, cannot be accessed by anyone for perpetuity.
✔️Nimbus n-NFT can also be burned but the nature of burning is different. There was no intention to use the burn to affect the n-NFT market value. Instead, the burning of such n-NFT is simply a way to redeem the assets that are backing your n-NFT. Thanks to this, the n-NFT holders don’t have the usual pain that other NFT holders do. You do not need to search for buyers in order to “cash out”. All you have to do is just burn your n-NFT and receive your assets at a click of a button.
Learn more about the n-NFT here: LINK
What better way to begin 2022 than to learn another essential DeFi term.
Today, on the Nimbus Glossary, we present the term - ✨Burn✨
Token Burn has become an industry-wide practice - mostly for keeping the charts on the uptrend while also ensuring a strongly incentivized community.
Here are some more interesting facts:
✔️There are several methods employed to execute token burning in DeFi. However, the most common method is to send a specific number of tokens/coins to a so-called “eater address.” It’s an address that is not recognized by the Blockchain or loses its private key, meaning once tokens go there, they cannot be ever redeemed. The real-time balance of such address can be viewed publicly, but the contents within the address, a.k.a the tokens sent for burning, cannot be accessed by anyone for perpetuity.
✔️Nimbus n-NFT can also be burned but the nature of burning is different. There was no intention to use the burn to affect the n-NFT market value. Instead, the burning of such n-NFT is simply a way to redeem the assets that are backing your n-NFT. Thanks to this, the n-NFT holders don’t have the usual pain that other NFT holders do. You do not need to search for buyers in order to “cash out”. All you have to do is just burn your n-NFT and receive your assets at a click of a button.
Learn more about the n-NFT here: LINK
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👋Hey Nimbus Community,
A new Support Link has been added to make your experience on Nimbus even more flawless!
With the new support link, you can:
💫Request technical support, including MetaMask configuring or troubleshooting on any other functionality;
💫Report bugs you identify on the Platform, and the tech team will get on fixing those;
💫Suggest new features and improvement ideas to make the Nimbus Platform even more efficient and frictionless.
Check out the new support link👉 Here!
In the meantime, we are also working on establishing a new Internal support system to improve the interactions with the Nimbus Support team, which now covers 4 languages: English, Spanish, Russian, and Hindi.
We look forward to having you onboard. Let's make the Nimbus Platform even more efficient and frictionless together!🤝
A new Support Link has been added to make your experience on Nimbus even more flawless!
With the new support link, you can:
💫Request technical support, including MetaMask configuring or troubleshooting on any other functionality;
💫Report bugs you identify on the Platform, and the tech team will get on fixing those;
💫Suggest new features and improvement ideas to make the Nimbus Platform even more efficient and frictionless.
Check out the new support link👉 Here!
In the meantime, we are also working on establishing a new Internal support system to improve the interactions with the Nimbus Support team, which now covers 4 languages: English, Spanish, Russian, and Hindi.
We look forward to having you onboard. Let's make the Nimbus Platform even more efficient and frictionless together!🤝
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✋Hey Nimbus community,
😔 The year 2022 started for the crypto industry on a harsh note – practically all of the major digital currencies dipped. Partially this could be attributed to the unstable political situation in Kazakhstan. According to BitMEX Research, if bitcoin miners decided to leave the country, the bitcoin hash rate would suffer an important drop. Does it mean that bearish sentiment just begins to take hold? On the on hand, it’s very unlikely that even a steep fall in the hash rate will trigger a major sell-off. On the other hand, the tightening of the monetary policy by the Fed may do the job. Overall, it looks like January will be quite volatile for the industry.
😳 Still, it doesn’t mean you should panic. For instance, Coinbase executive believes that the industry will constantly seek advancements in the speed and functionality. Surojit Chatterjee also predicted increased industry-wide regulation and institutional investment in DeFi. Finally, he mentioned the emergence of DeFi insurance and increased brand engagement in Metaverse and NFTs. Thus, don’t let the market fool you!
🧠 Talking about forecasts, we find it important to mention that Goldman Sachs analysts don’t discount that Bitcoin will continue to take market share from gold as part of broader adoption of digital assets, making the often touted price prediction of $100,000. Goldman estimates that Bitcoin’s float-adjusted market capitalization is just under $700 billion. The value of gold that’s available for investment is estimated at $2.6 trillion.
✋ Finally, yet importantly, we recommend you to check out the “How to Bitcoin” book by CoinGecko. Long story short, it offers easy-to-understand analogies and step-by-step guides to help you understand the Bitcoin movement and how to be part of it. Also, they have a book called “How to NFT” , which covers various categories of NFTs and how they generate value.
😔 The year 2022 started for the crypto industry on a harsh note – practically all of the major digital currencies dipped. Partially this could be attributed to the unstable political situation in Kazakhstan. According to BitMEX Research, if bitcoin miners decided to leave the country, the bitcoin hash rate would suffer an important drop. Does it mean that bearish sentiment just begins to take hold? On the on hand, it’s very unlikely that even a steep fall in the hash rate will trigger a major sell-off. On the other hand, the tightening of the monetary policy by the Fed may do the job. Overall, it looks like January will be quite volatile for the industry.
😳 Still, it doesn’t mean you should panic. For instance, Coinbase executive believes that the industry will constantly seek advancements in the speed and functionality. Surojit Chatterjee also predicted increased industry-wide regulation and institutional investment in DeFi. Finally, he mentioned the emergence of DeFi insurance and increased brand engagement in Metaverse and NFTs. Thus, don’t let the market fool you!
🧠 Talking about forecasts, we find it important to mention that Goldman Sachs analysts don’t discount that Bitcoin will continue to take market share from gold as part of broader adoption of digital assets, making the often touted price prediction of $100,000. Goldman estimates that Bitcoin’s float-adjusted market capitalization is just under $700 billion. The value of gold that’s available for investment is estimated at $2.6 trillion.
✋ Finally, yet importantly, we recommend you to check out the “How to Bitcoin” book by CoinGecko. Long story short, it offers easy-to-understand analogies and step-by-step guides to help you understand the Bitcoin movement and how to be part of it. Also, they have a book called “How to NFT” , which covers various categories of NFTs and how they generate value.
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👋Hey Nimbus Community,
We're here to give you more context on the confusion regarding reward accruing for your Smart LP NFTs.
To explain better, let’s recall the reward distribution of this n-NFT:
✅ The first portion i.e. 70% of your supplied assets, gets provided as liquidity to the Nimbus Swap: to BNB/NBU and BNB/GNBU pairs. Then it goes to LP staking and starts generating rewards.
✅ The second portion, i.e. 30% of the supplied assets, goes to the Lend dApp, acting as overcollateralized loans. It then generates rewards when somebody borrows from the BNB pool.
So while the rewards from the first portion of assets are received automatically, the Lend dApp rewards are a bit more tricky. If nobody has borrowed from the BNB pool while you were holding the n-NFT, you cannot receive rewards. Only the LP rewards will accrue.
Additionally, due to some technical discrepancy, the LP rewards were not displayed in the interface either. Now this issue is fixed, though. There is some ground left to cover for a few more wallets, and we are solving that as we speak!
So while we take care of the technicalities, let’s boost the borrowing side together 😎
You can borrow BNBs and stake them — or do many other things to multiply them before paying off the loan.
Check the APR here and borrow some BNB now: LINK
We're here to give you more context on the confusion regarding reward accruing for your Smart LP NFTs.
To explain better, let’s recall the reward distribution of this n-NFT:
✅ The first portion i.e. 70% of your supplied assets, gets provided as liquidity to the Nimbus Swap: to BNB/NBU and BNB/GNBU pairs. Then it goes to LP staking and starts generating rewards.
✅ The second portion, i.e. 30% of the supplied assets, goes to the Lend dApp, acting as overcollateralized loans. It then generates rewards when somebody borrows from the BNB pool.
So while the rewards from the first portion of assets are received automatically, the Lend dApp rewards are a bit more tricky. If nobody has borrowed from the BNB pool while you were holding the n-NFT, you cannot receive rewards. Only the LP rewards will accrue.
Additionally, due to some technical discrepancy, the LP rewards were not displayed in the interface either. Now this issue is fixed, though. There is some ground left to cover for a few more wallets, and we are solving that as we speak!
So while we take care of the technicalities, let’s boost the borrowing side together 😎
You can borrow BNBs and stake them — or do many other things to multiply them before paying off the loan.
Check the APR here and borrow some BNB now: LINK
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You must have heard your favorite crypto bloggers mention the phrase 'DYOR'.
And there are good reasons why they mention it so often!
Follow the image above 👆to discover its meaning.
Why is it so important to DYOR?
✔️ DYOR is important to ensure that you get an unbiased perspective on an asset, protocol, or strategy you are interested in
✔️ It also protects you from Sybil attacks that are very common on social media Reddit, Twitter, etc.
✔️ With more research and understanding of assets or protocols, you can be more confident about your interests and future goals and keep your assets safe from fraudulent projects
✔️ DYOR as a phrase has permeated into popular culture and is widely used to encourage amateur users in any arena to navigate a minefield of misinformation
P.S. - We're curious which crypto blogger do you watch on YouTube? Or, if you are a reader, which crypto blog do you follow the most?
Do let us know in the community chat channels on Telegram or Discord!
#NimbusAcademy #NimbusGlossary
And there are good reasons why they mention it so often!
Follow the image above 👆to discover its meaning.
Why is it so important to DYOR?
✔️ DYOR is important to ensure that you get an unbiased perspective on an asset, protocol, or strategy you are interested in
✔️ It also protects you from Sybil attacks that are very common on social media Reddit, Twitter, etc.
✔️ With more research and understanding of assets or protocols, you can be more confident about your interests and future goals and keep your assets safe from fraudulent projects
✔️ DYOR as a phrase has permeated into popular culture and is widely used to encourage amateur users in any arena to navigate a minefield of misinformation
P.S. - We're curious which crypto blogger do you watch on YouTube? Or, if you are a reader, which crypto blog do you follow the most?
Do let us know in the community chat channels on Telegram or Discord!
#NimbusAcademy #NimbusGlossary
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✋Hey Nimbus community,
👽 This week the International Monetary Fund has finally acknowledged that crypto and equity markets have become increasingly interconnected across economies over time. To be more precise, IMF economist Tara Iyer said that “crypto-assets such as Bitcoin have matured from an obscure asset class with few users to an integral part of the digital asset revolution.” Who could have imagined, huh?
😌 Howbeit, let’s try not to be sarcastic. Instead, we find it important to mention that almost a quarter of small businesses in nine countries around the world plan to accept digital currencies as a form of payment in 2022. Moreover, 13% of consumers in those countries expect retail stores to begin offering crypto payments this year and beyond, according to a survey by Visa Inc. Curiously, small businesses outside North America are more open to accepting digital currencies, including Bitcoin, as forms of payment.
🥇 Another great news is that TransUnion, one of the three major U.S. consumer credit reporting firms, will let consumers give blockchain companies access to their credit data through the security firm Spring Labs’ ky0x Digital Passport. On top of that, Visa Inc. joined its rival Mastercard Inc. in offering central banks a way to test retail applications for digital currencies they might issue.
🤑 Finally, yet importantly, Twitter began to test out a feature that allows users to link to encrypted wallets. The company previously stated that NFTs would be replaced with avatars and a blue mark would be added. Still, the first step is to connect to a cryptocurrency wallet.
👽 This week the International Monetary Fund has finally acknowledged that crypto and equity markets have become increasingly interconnected across economies over time. To be more precise, IMF economist Tara Iyer said that “crypto-assets such as Bitcoin have matured from an obscure asset class with few users to an integral part of the digital asset revolution.” Who could have imagined, huh?
😌 Howbeit, let’s try not to be sarcastic. Instead, we find it important to mention that almost a quarter of small businesses in nine countries around the world plan to accept digital currencies as a form of payment in 2022. Moreover, 13% of consumers in those countries expect retail stores to begin offering crypto payments this year and beyond, according to a survey by Visa Inc. Curiously, small businesses outside North America are more open to accepting digital currencies, including Bitcoin, as forms of payment.
🥇 Another great news is that TransUnion, one of the three major U.S. consumer credit reporting firms, will let consumers give blockchain companies access to their credit data through the security firm Spring Labs’ ky0x Digital Passport. On top of that, Visa Inc. joined its rival Mastercard Inc. in offering central banks a way to test retail applications for digital currencies they might issue.
🤑 Finally, yet importantly, Twitter began to test out a feature that allows users to link to encrypted wallets. The company previously stated that NFTs would be replaced with avatars and a blue mark would be added. Still, the first step is to connect to a cryptocurrency wallet.
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👋Hey Nimbus Community,
The Nimbus Support has shifted completely from Zendesk to the new link called ‘Help Center.’
You can find the ‘Help Center’ at the bottom right corner of the Website, or you can simply bookmark the Support Link👉 Here!
The Nimbus Support has shifted completely from Zendesk to the new link called ‘Help Center.’
You can find the ‘Help Center’ at the bottom right corner of the Website, or you can simply bookmark the Support Link👉 Here!
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❗️Why leave BNB, BUSD, NBU, or GNBU idle in your wallet…
When you can derive rewards as high as 28.9% APR on the same assets via the Nimbus Lending dApp! 🔥
Plus, doing so just got 10X easier with the Nimbus Lending dApp video tutorial 😎
Check it out👉 Here!
When you can derive rewards as high as 28.9% APR on the same assets via the Nimbus Lending dApp! 🔥
Plus, doing so just got 10X easier with the Nimbus Lending dApp video tutorial 😎
Check it out👉 Here!
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If you have ever glanced at the Nimbus Roadmap, you’d have noticed “Mobile App” listed there!
We’re extremely pleased to inform you that we are keeping pace with the Nimbus Roadmap since the Mobile App (Android version) is near conclusion and continues to receive key updates!
What can you already do on the Nimbus Mobile App?
✅ Easy onboarding: connecting your MetaMask wallets and getting started on the App is extremely easy, thanks to the instructions and navigation guides.
✅ You will be able to access the ‘Menu’ listing all the available and upcoming functionalities on the Mobile App.
✅ Nimbus Swap is already available on the Mobile App so you can easily swap tokens there. The app currently supports BUSD, BNB, NBU, and GNBU tokens.
So what’s new?✨
We have just implemented the Staking functionality on the Mobile App. Since it is the same smart contract as the Staking functionality on the Desktop App, users can easily stake and track their staking via the app (if the same wallet is connected).
Now with optimized yields, smart strategies, you can also enjoy ultimate portability!😎
Download here
We’re extremely pleased to inform you that we are keeping pace with the Nimbus Roadmap since the Mobile App (Android version) is near conclusion and continues to receive key updates!
What can you already do on the Nimbus Mobile App?
✅ Easy onboarding: connecting your MetaMask wallets and getting started on the App is extremely easy, thanks to the instructions and navigation guides.
✅ You will be able to access the ‘Menu’ listing all the available and upcoming functionalities on the Mobile App.
✅ Nimbus Swap is already available on the Mobile App so you can easily swap tokens there. The app currently supports BUSD, BNB, NBU, and GNBU tokens.
So what’s new?✨
We have just implemented the Staking functionality on the Mobile App. Since it is the same smart contract as the Staking functionality on the Desktop App, users can easily stake and track their staking via the app (if the same wallet is connected).
Now with optimized yields, smart strategies, you can also enjoy ultimate portability!😎
Download here
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Today, Nimbus CEO Alex Lemberg will be appearing as a guest on Bloomberg Radio!
You can tune into the conversation at ⏰ 4:45 PM GMT (16:45), here 👉 https://www.bloombergradio.com
You can tune into the conversation at ⏰ 4:45 PM GMT (16:45), here 👉 https://www.bloombergradio.com
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👋Hey Nimbus Community,
Today on Nimbus Glossary, we're talking about the term ✨KYC✨
More Facts About KYC?
✅ KYC processes usually begin with collecting basic data and information about customers in a process known as electronic identity verification.
Details such as a user's name, birthday, account number, and social security details can all be valuable pieces of information when detecting any fraudulent activity or financial crime.
✅ After receiving this information, organizations usually check a database of individuals convicted for corruption to see if any customers may overlap. The information is often also compared against a list of sanctions or a list of politically exposed persons.
Today on Nimbus Glossary, we're talking about the term ✨KYC✨
More Facts About KYC?
✅ KYC processes usually begin with collecting basic data and information about customers in a process known as electronic identity verification.
Details such as a user's name, birthday, account number, and social security details can all be valuable pieces of information when detecting any fraudulent activity or financial crime.
✅ After receiving this information, organizations usually check a database of individuals convicted for corruption to see if any customers may overlap. The information is often also compared against a list of sanctions or a list of politically exposed persons.
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How do you think, is KYC a truly useful tool or just another way to control the society?
Anonymous Poll
27%
Answer 1: It’s a much-needed tool
60%
Answer 2: It’s useless
14%
Answer 3: Neither one - I’ll comment in the chat
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Nimbus CEO Alex Lemberg was invited on Bloomberg's The Tape Podcast to take about:
✅ DeFi and the cities looking to become crypto hubs
✅ Nimbus Platform as a deep-rooted DeFi ecosystem
✅ Outlook for Crypto in 2022 and beyond
Couldn't listen to the podcast when it went live❓
We got you!
Tune in to the conversation between Alex and Bloomberg hosts. Fast forward to 15 minute 👉 Here!
✅ DeFi and the cities looking to become crypto hubs
✅ Nimbus Platform as a deep-rooted DeFi ecosystem
✅ Outlook for Crypto in 2022 and beyond
Couldn't listen to the podcast when it went live❓
We got you!
Tune in to the conversation between Alex and Bloomberg hosts. Fast forward to 15 minute 👉 Here!
Bloomberg
Markets, Fixed Income, And Crypto Investments - Bloomberg
Matt Miller and Paul Sweeney focus on market coverage as Wall Street begins its day, with analysis from Bloomberg Opinion writers, Bloomberg Intelligence analysts, and influential newsmakers.
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