👋 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.
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.
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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 😉
⏰ 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 😉
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The stream is about to start! You can join in here 👉 https://youtu.be/5scFknikhb4
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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.
The recording of the stream with subtitles will be available tomorrow on our official YouTube channel.
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👋 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.
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.
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👋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.
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.
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✋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.
👍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.
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👋 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.
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.
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👋 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!
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!
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👋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👇
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👇
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✋Hey Nimbus community,
😌Nomura Holdings Inc. is planning to use its investment banking knowledge to help firms tap opportunities in the metaverse. The idea is to assist corporations within the digital house increase cash and advice on the way to navigate rules as they emerge.
😜 Two Israel-based credit card companies, Max and Isracard, have started working on Bitcoin investment and cashback solutions through a credit card. Isracard partnered with a crypto-focused subsidiary to allow purchasing Bitcoin directly through their credit card.
👍 The Biden administration is pushing for legislation that would fence off customer funds within crypto exchanges, keeping them safe in an exchange failure. It will require crypto firms to separate customers’ money from corporate funds.
🙃 Get ready for new updates: Ethereum’s public testnet, Ropsten, is set to go through “the merge” as one of the final preparations for the switch to proof-of-stake on June 8. The next step would be to launch PoS on the main Ethereum blockchain.
🤓 Silicon Valley venture-capital firm Andreessen Horowitz presented a $600 million fund dedicated to gaming startups. As long as companies continue to bet on so-called Web3 technology, the market volatility shouldn’t be a reason to worry.
😌Nomura Holdings Inc. is planning to use its investment banking knowledge to help firms tap opportunities in the metaverse. The idea is to assist corporations within the digital house increase cash and advice on the way to navigate rules as they emerge.
😜 Two Israel-based credit card companies, Max and Isracard, have started working on Bitcoin investment and cashback solutions through a credit card. Isracard partnered with a crypto-focused subsidiary to allow purchasing Bitcoin directly through their credit card.
👍 The Biden administration is pushing for legislation that would fence off customer funds within crypto exchanges, keeping them safe in an exchange failure. It will require crypto firms to separate customers’ money from corporate funds.
🙃 Get ready for new updates: Ethereum’s public testnet, Ropsten, is set to go through “the merge” as one of the final preparations for the switch to proof-of-stake on June 8. The next step would be to launch PoS on the main Ethereum blockchain.
🤓 Silicon Valley venture-capital firm Andreessen Horowitz presented a $600 million fund dedicated to gaming startups. As long as companies continue to bet on so-called Web3 technology, the market volatility shouldn’t be a reason to worry.
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👋 Hey Nimbus Community,
The updated Lend and Borrow dApps guide 📔 is now LIVE!
It covers:
✅ The new updates on the dApps
✅ How to interact with the functionality
✅ What each function on the Lend and Borrow dApps achieves for the user
✅ How to deposit/withdraw tokens
..and more!
You can find the guide attached 😉
The updated Lend and Borrow dApps guide 📔 is now LIVE!
It covers:
✅ The new updates on the dApps
✅ How to interact with the functionality
✅ What each function on the Lend and Borrow dApps achieves for the user
✅ How to deposit/withdraw tokens
..and more!
You can find the guide attached 😉
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👋Hey Nimbus Community,
Let's dive into a problem that only a small percentage of the cryptoverse is aware of✨MEV✨ the invisible taxing problem that Ethereum and several other smart contract blockchains have to deal with.
MEV is used both by miners in PoW-based blockchains and validators in PoS networks.
It's right alongside scaling and hacks, with over $633 million already extracted since January 1st, 2021. That affects the user's experience, but it also puts pressure on the network's stability.
How does it work?
Since the protocol doesn't require transactions to be ordered based on fees, miners can reorder them because they are in charge of sequencing and can decide which to include in a block and in what order.
It all starts with the use of bots and automated tools to close-monitor the blockchain. When an opportunity arises, they use different types of attacks:
▶️ Front-Running – getting a transaction executed ahead of another one because it has higher gas fees
▶️ Sandwich Attacks – they manipulate the price of a token the victim wants to buy by placing one transaction before and one after the victim's pending transaction, thus raising the price
▶️ Back-Running – they target pair listings and place a transaction right after the initial liquidity, buying as much as they can. The price goes up, and then the bot sells
▶️ Liquidations – they aim to be the first to liquidate a particular loan with front-run or back-run transactions
▶️ Time-Bandit Attacks – only miners can do this by retroactively reorganizing blocks
Multiple negative effects
By pursuing this illegal stream of revenue, miners create significant adverse effects:
📛The user experience is diminished
📛The stability of the network is affected
📛The creation of network congestion
📛Gas prices rise
📛Transaction finality becomes questionable
So far, an efficient solution hasn't been found. In fact, some voices actually state that MEV is inevitable. Until a breakthrough is made, the invisible tax remains a problem for DeFi users that interact with automated market makers and other dApps.
Let's dive into a problem that only a small percentage of the cryptoverse is aware of✨MEV✨ the invisible taxing problem that Ethereum and several other smart contract blockchains have to deal with.
MEV is used both by miners in PoW-based blockchains and validators in PoS networks.
It's right alongside scaling and hacks, with over $633 million already extracted since January 1st, 2021. That affects the user's experience, but it also puts pressure on the network's stability.
How does it work?
Since the protocol doesn't require transactions to be ordered based on fees, miners can reorder them because they are in charge of sequencing and can decide which to include in a block and in what order.
It all starts with the use of bots and automated tools to close-monitor the blockchain. When an opportunity arises, they use different types of attacks:
▶️ Front-Running – getting a transaction executed ahead of another one because it has higher gas fees
▶️ Sandwich Attacks – they manipulate the price of a token the victim wants to buy by placing one transaction before and one after the victim's pending transaction, thus raising the price
▶️ Back-Running – they target pair listings and place a transaction right after the initial liquidity, buying as much as they can. The price goes up, and then the bot sells
▶️ Liquidations – they aim to be the first to liquidate a particular loan with front-run or back-run transactions
▶️ Time-Bandit Attacks – only miners can do this by retroactively reorganizing blocks
Multiple negative effects
By pursuing this illegal stream of revenue, miners create significant adverse effects:
📛The user experience is diminished
📛The stability of the network is affected
📛The creation of network congestion
📛Gas prices rise
📛Transaction finality becomes questionable
So far, an efficient solution hasn't been found. In fact, some voices actually state that MEV is inevitable. Until a breakthrough is made, the invisible tax remains a problem for DeFi users that interact with automated market makers and other dApps.
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