👋 Hey Nimbus Community,

You may be wondering - Where are the Lend/Borrow dApps?🤔

The wait is over…🙌

The Lend and Borrow dApps were relaunched today, on May 2, 2022.

What’s new within the Lend/Borrow dApps?

General update:
✅ The APR bug has been fixed

For lenders:
✅ Lenders can now withdraw their previous NBU, GNBU, BNB and BUSD deposits
✅ Lenders can make fresh deposits to get rewards in BNB and BUSD tokens only

For borrowers:
✅ Borrowers can redeem previous NBU, GNBU, BNB and BUSD loans
✅ Borrowers can take out new loans in BNB and BUSD only

❗Note:
As you can see, NBU and GNBU deposits have been disabled from the dApps. As a part of the NBU and GNBU tokens' value stabilization/uptrend strategy, we wanted to prevent the additional unpredictive pressure that NBU and GNBU loans create on the existing system.

Although this appears to be relative only to the Borrow dApp in hindsight, it affects the Lend dApp as well, as both systems are Interdependent on each other since they operate on the same liquidity pool.

More details will be released soon, so, stay tuned! 😉

👋 Hey Nimbus Community,

The new age of the internet is upon us - the Web 3.0!

But it also brings with it a new learning curve of terms, concepts, tech stacks, and slang!

If you’re feeling the FOMO, let’s get you up to speed with all things Web 3…Basics first!

So, the word of the day is - Web 3.0.

The "Web 3.0" term was coined by Tim Berners-Lee, who originally named it the “Semantic Web.”

The 🏗 pillars of Web 3.0 include - permissionlessness, trustlessness, decentralization (open), portability, and composability.

The evolution of the Web:
✅ Web 1.0 - Myspace and Livejournal
✅ Web 2.0 - Uber, Airbnb, Facebook
✅ Web 3.0 - Bitcoin, Ethereum

What sets Web 3.0 apart from Web 2.0?
While the ERA or Web 2.0 was driven by the advent of 📱 mobile and socialization and ☁️cloud, Web 3.0 is primarily being built across new layers of technological innovation, including - 🤖artificial intelligence, ⛓ decentralized data networks, and 🖥 edge computing.

In Web 2.0, personal computer hardware was commoditized in data centers. In Web 3.0, the data centers are spread right until the edges and often right into the✋hands of the distributed users.

What makes up Web 3.0?
🌟 Decentralized Finance (DeFi)
🌟 Decentralized Autonomous Organizations (DAOs)
🌟 Play-to-Earn (P2E/GamFi)
🌟 Non-Fungible Tokens (NFT)
…and so much more!

✋Hey Nimbus community,

✅ Starbucks plans to create a series of branded NFT collections, the ownership of which initiates community membership and allows for access to exclusive experiences and perks. It looks like in 10 years, the industry will be much bigger than many expect.

🍏 Gucci enters the digital world. The brand will accept cryptocurrency payments in some US stores at the end of this month and plans to extend the pilot to all of its directly-operated North American stores this summer. Waiting for the same from Nike!

🥇The historic event for the Tron ecosystem - USDD, a new stablecoin, was launched and entered circulation on May 5 morning. According to the official announcement, USDD will be issued on TRON, Ethereum, and BNB Chain. Justin Sun promises no centralization.

👍🏻 Is California becoming the biggest crypto hub? Its governor signed an executive order to create a transparent regulatory and business environment for Web 3 companies in the state. Waiting for what the crypto-asset regulations will look like.

👽 Great news for the French crypto community! Binance has registered with France's market regulator. It is the first EU country to register Binance, which is also seeking registration in Switzerland, Sweden, Spain, Netherlands, etc.

👋 Hey Nimbus Community, 

Gentle reminder - the livestream with Nimbus senior management begins in 24 hours!

Date: May 9 at 4PM CET

Don’t miss out on the valuable insights shared during the stream!

▶️ Link will be shared right before the event, so stay tuned.

Nimbus Senior Management is addressing the community in one hour!

⏰ Today, at 4PM CET

The link will be posted right before the stream.

We highly recommend to watch the stream till the end as you'll have a chance to receive a reward from the 100.000 NBU prize pool 😉

The stream is about to start! You can join in here 👉 https://youtu.be/5scFknikhb4

Thanks to everyone who joined us today and watched the livestream with the Senior Management! 🙌

The recording of the stream with subtitles will be available tomorrow on our official YouTube channel.

👋 Hey Nimbus Community,

The video of yesterday's livestream with the Senior Management with subtitles in English is on the YouTube channel already! Check it out 👉 here

Russian and Spanish subtitles will be added a bit later. Meanwhile, you can use automatic translation.

Also, we remind you of the contest that Alex Lemberg announced yesterday. Here is what you need to get a chance to win from the 100.000 NBU prize pool:

1️⃣ Watch the livestream's video
2️⃣ Give it a big thumbs up
3️⃣ Leave a meaningful comment down below the video*

*We will pick four most interesting comments (and/or those that gain the most likes) by May 13th and send the rewards to the four winners via the airdrop.

👋Hey Nimbus Community,

There’s a new standard on the market, and it promises a lot – a new level of accountability and no more Rug Pulls. Today on Nimbus Glossary, we're talking about the term ✨ERC-721R✨

So let’s look at a few key points and see if it is, in fact, as good as advertised.

How ERC-721R works:

You get a mechanism to lock the funds transferred to a smart contract for a certain period, so creators cannot withdraw it, giving minters the possibility of a refund – No questions asked!

The benefits of such a standard are pretty impressive for both parties:

✔️ No more Rug Pulls
✔️ Higher accountability
✔️ Protection for floor prices
✔️ Lower risk for buyers
✔️ Boost in credibility for serious creators

Sounds too good to be true? Some people think so too. While others think that it might potentially open the possibility for harmful behavior and can place some projects at risk.

‘Max minting’ is the problem that immediately comes to mind – buyers going for refunds when they cannot sell above the floor price.

Even so, if the refund price is set lower than the mint price, it leads to a situation that’s not ideal but also not that bad for both parties. Refund rates wouldn’t be that high, but buyers would still have the certainty they won’t face a total loss.

Is ERC-721R an improvement?

It’s definitely a step forward, even if it needs close scrutiny and probably a few adjustments. But, there’s no doubt it brings a new and improved dynamic. It is a template worth trying, one that you can adapt in any way you consider best.

If you’re a buyer, the golden rule remains – DYOR! Make sure the project has a solid and trustworthy team behind it. And watch out for any secondary withdrawal feature included as a bypass.

FOMO is not necessarily a bad thing, but caution is essential. ERC-721R can prove extremely valuable, but it must first pass through serious scrutiny.

✋Hey Nimbus community,

👍The US affiliate of Bahamas-based crypto exchange FTX has made Chicago its headquarters and is aiming to offer financial relief and economic mobility to residents in the city’s less-affluent Austin, Englewood and West Garfield Park neighborhoods.

😿Binance Futures decided to delist coin-margined Luna perpetual contracts and update the leverage&margin tiers for USDT-margined Luna perpetual contracts. On top of that, the max leverage of USDT-Margined LUNA Perpetual Contracts has been reduced to 8x.

😭 Will UST survive? According to the developers, their main task is to withdraw from circulation "bad debts" in stablecoin in a fairly short period of time. This requires activation of proposal #1164, which implies expansion of the basic LUNA pool.

😍The Board of the Global Esports Federation has established the GEF Metaverse Council, aimed at convening thought leaders and creators around the Web3 space. In addition, the Metaverse Council will focus on shaping tangible metaverse development initiatives.

😳 Nubank, the largest Brazilian digital bank by market value, added the option for customers to buy and sell BTC and ETH on its platform. It is also allocating roughly 1% of the cash on its balance sheet to bitcoin to show its belief in the cryptocurrency.

👋 Hey Nimbus Community,

As promised, we are happy to announce the 100.000 NBU prize pool winners! 👏

So, here are the winners' YouTube accounts:
1. https://www.youtube.com/channel/UCH8bqo1Aa_EhC4Sq44ZXUpg
2. https://www.youtube.com/channel/UCaodlcSJZd_lwBlq3qia96A
3. https://www.youtube.com/channel/UC967tU9d7nYJqfYaXtA7khg
4. https://www.youtube.com/channel/UC0Bf46fOJ1XLD-pDdL6nS1Q

Each winner will receive the equal share from the pool, i.e. 25.000 NBU.

We will contact the winners in YouTube comments under the latest live stream video.

P.S. The comments were selected by the moderators so as to avoid unfairness that was noticed in some accounts' activity.

👋 Hey Nimbus Community, 

If you've tuned into our socials lately, you must have heard of a new UX integration that makes user experience on the Nimbus Platform more seamless from the very first click!

We're happy to announce that the new feature called the "User Onboarding" is now LIVE!

Nimbus CEO Alex Lemberg also talked about the integration, its significance and other key updates in our latest livestream. In case you missed the stream, you can still check it out 👉 Here!

What is the feature about, and how does it help users?

The feature actually works just like an interactive guide that helps you navigate the Nimbus platform and helps you understand the user flow of each functionality.

It's an excellent addition for those who are new to Nimbus or even to crypto in general, as it will give you multiple helpful hints.

To leverage the new feature, follow the steps on the picture attached. 😉

🌟 Once you do that, you'll be sent to the Swap Machine section, where you will find all the explanations you need. Next, just follow the steps on the screen and enjoy the process!

👋Hey Nimbus Community,

We’re living in a new era of the gaming world, and it’s all because of a groundbreaking concept ✨GameFi✨

Gamers everywhere can now turn their passion into a highly lucrative activity and actually play games for a living. How is that possible?

GameFi is one of the huge leaps forward brought by the emerging Web3. It’s all right there in the name – a mixture of gaming and decentralized finance. This one is particularly inspired by the many new cryptocurrency use cases, as it touches a sector driven by intense passion.

The concept is simple – You can make money while playing in a new token-based economy that includes multiple yield-generating DeFi products. Also known as play-to-earn blockchain games, GameFi has been on a steeply ascending path since the rise of Axie Infinity.

First announced by Andre Cronje in September 2020, GameFi has integrated blockchain applications in the gaming world, adding the monetary dimension to the experience.

The virtual gaming crowd adopted it with excitement; gaming on blockchain became a skyrocketing trend and attracted big names to developing the metaverse. Games like Decentraland and The Sandbox turned to tokenized land ownership.

Though each project went for its own model and created a personalized game economy, they follow similar guidelines: low-cost participation, easy-to-play games, and the possibility of being in charge of your in-game assets and making a real-world profit from them.

So what’s GameFi in a few words?

✔️ Access to blockchain games across many networks
✔️ Central storage place for in-game assets and NFTs in a player’s portfolio
✔️ Easy P2E yield monitoring
✔️ Fast exposure for games
✔️ Early access to game tokens through TGEs
✔️ A practical market with high-income potential

Despite the current regulatory concerns, GameFi is still growing, and the numbers for 2022 look promising. Open free trade + the old-fashioned thrill of winning prizes seem to be the right formula as new emerging markets develop worldwide.

So what can we expect from GameFi in the near future? Definitely new signs of expansion and evolution. The potential is real, and there’s a massive market eager to experience it.

Let us know what are your thoughts on (GameFi) down below👇