Why? #DeFi. Here is a mini π§΅
π
1. DeFi is transparent
You may track everything (from tokenomics design to state of balance) online in blockchain. Thus you can see where the big players have placed their bets/the risk is concentrated.
2. DeFi allows self-governance
If there is a problem, stakeholders can work together toward the common goal and find the solution BEFORE it's too late.
3. DeFi has a sustainable economic system
In the midst of 3AC crisis, major DeFi protocols such as Aave, Compound, and MakerDAO functioned smoothly.
Which of the DeFi feature attracts you most? Write the year DeFi excited you for the first time
To make more people aware of what DeFi is, LIKE and RT π
π https://twitter.com/nmbplatform/status/1562084767537020928
π
1. DeFi is transparent
You may track everything (from tokenomics design to state of balance) online in blockchain. Thus you can see where the big players have placed their bets/the risk is concentrated.
2. DeFi allows self-governance
If there is a problem, stakeholders can work together toward the common goal and find the solution BEFORE it's too late.
3. DeFi has a sustainable economic system
In the midst of 3AC crisis, major DeFi protocols such as Aave, Compound, and MakerDAO functioned smoothly.
Which of the DeFi feature attracts you most? Write the year DeFi excited you for the first time
To make more people aware of what DeFi is, LIKE and RT π
π https://twitter.com/nmbplatform/status/1562084767537020928
π9
The hottest crypto happenings for Aug, 23π₯
π PayPal joins Coinbaseβs TRUST (Travel Rule Universal Solution Technology) network. The move is an attempt by PayPal to comply with the financial industryβs βTravel rule.β
π Pavel Durov, the founder of Telegram, has floated the idea of a marketplace that could utilize βNFT-like smart contractsβ to auction highly-sought after usernames.
π Nike becomes the worldβs highest-earning brand from sales of NFTs with a revenue of whopping $185.32 million. Nikeβs total transactions are over 67,000.
π DBS bank reports 4x growth in Bitcoin buys on DDEx exchange in June.
π Binance has announced a zero fee trading for ETH / BUSD pair starting on August 26th.
Which one amazed you most? Comment π
π PayPal joins Coinbaseβs TRUST (Travel Rule Universal Solution Technology) network. The move is an attempt by PayPal to comply with the financial industryβs βTravel rule.β
π Pavel Durov, the founder of Telegram, has floated the idea of a marketplace that could utilize βNFT-like smart contractsβ to auction highly-sought after usernames.
π Nike becomes the worldβs highest-earning brand from sales of NFTs with a revenue of whopping $185.32 million. Nikeβs total transactions are over 67,000.
π DBS bank reports 4x growth in Bitcoin buys on DDEx exchange in June.
π Binance has announced a zero fee trading for ETH / BUSD pair starting on August 26th.
Which one amazed you most? Comment π
π7π₯3
Hi! Β‘Hola! Hallo! NΓn hΗo! ΠΡΠΈΠ²ΡΡ!π
π₯° Nimbus loves its international community!
Where are you from? Let's get acquainted with each other π€
Comment with the flag of your country on Twitter π
π https://twitter.com/nmbplatform/status/1562155759571533824
π₯° Nimbus loves its international community!
Where are you from? Let's get acquainted with each other π€
Comment with the flag of your country on Twitter π
π https://twitter.com/nmbplatform/status/1562155759571533824
π9
Poll timeπ
When finding out about a new DeFi project, what is the MAIN factor you put into your decision to invest? Curiousπ€
π₯Team
β€οΈ Tech
π Tokenomics
π€© Community
Come and vote on Nimbus Twitter too π:
https://twitter.com/nmbplatform/status/1562417104678273025
When finding out about a new DeFi project, what is the MAIN factor you put into your decision to invest? Curiousπ€
π₯Team
β€οΈ Tech
π Tokenomics
π€© Community
Come and vote on Nimbus Twitter too π:
https://twitter.com/nmbplatform/status/1562417104678273025
π10π₯3β€1
The world of crypto can be a difficult one to navigate, but here at Nimbus we want to make complex things simple for youπ§
Today we`d like to talk about The Ethereum Merge, which is one of the most powerful catalysts in crypto history, and it is fast approachingπ
As we inch closer to the end of Ethereum Proof-of-work (PoW), let's address top important characteristics of post-Merge Ethereum:
βͺοΈAfter the Merge, Ethereum will use a PoS (Proof-of-Stake) consensus mechanism instead of PoW.
This makes it a LOT more energy efficient. Specifically, energy consumption will drop by ~99.95%
βͺοΈ Issuance will go from 5.4M ETH/year to 0.5M (90% reduction)
βͺοΈ Total ETH supply growth will go from +1.9% per year to -2.2%
βͺοΈ ETH will become deflationary - or at least a lot less inflationary.
βͺοΈ More decentralization (potentially) since PoS is more accessible than PoW.
βͺοΈ Staking rewards will increase from ~5% to 7-12% after the merge.
βͺοΈ Validators won't need to sell ETH to cover electricity costs anymore.
βΌοΈ It's important to note that the gas fees and congestion problems on Ethereum will not be solved by the Merge. We'll have to wait for sharding (2023) for that.
Many Ethereum community members are against the move to PoS, arguing itβs less secure than PoW, used by Bitcoin, with speculations of a potential hard fork, similar to a previous hard fork that led to the split between Ethereum and Ethereum Classic.
Do you think itβll push the $ETH price to the moon?π§
Yes/No
Today we`d like to talk about The Ethereum Merge, which is one of the most powerful catalysts in crypto history, and it is fast approachingπ
As we inch closer to the end of Ethereum Proof-of-work (PoW), let's address top important characteristics of post-Merge Ethereum:
βͺοΈAfter the Merge, Ethereum will use a PoS (Proof-of-Stake) consensus mechanism instead of PoW.
This makes it a LOT more energy efficient. Specifically, energy consumption will drop by ~99.95%
βͺοΈ Issuance will go from 5.4M ETH/year to 0.5M (90% reduction)
βͺοΈ Total ETH supply growth will go from +1.9% per year to -2.2%
βͺοΈ ETH will become deflationary - or at least a lot less inflationary.
βͺοΈ More decentralization (potentially) since PoS is more accessible than PoW.
βͺοΈ Staking rewards will increase from ~5% to 7-12% after the merge.
βͺοΈ Validators won't need to sell ETH to cover electricity costs anymore.
βΌοΈ It's important to note that the gas fees and congestion problems on Ethereum will not be solved by the Merge. We'll have to wait for sharding (2023) for that.
Many Ethereum community members are against the move to PoS, arguing itβs less secure than PoW, used by Bitcoin, with speculations of a potential hard fork, similar to a previous hard fork that led to the split between Ethereum and Ethereum Classic.
Do you think itβll push the $ETH price to the moon?π§
Yes/No
π₯9π4
The hottest crypto happenings for Aug, 24 π₯
π Mastercard CEO announced a partnership with Binance.
π China begins next phase of CBDC testing.
π Ethereum`s team upgraded it`s roadmap.
π Sullivan Bank has partnered with Bakkt to offer Bitcoin and Ethereum trading for customers.
π Binance joined a Senate hearing in the Philippines to advise on cryptocurrency policies & guidelines.
Which one amazed you most? Comment π
π Mastercard CEO announced a partnership with Binance.
π China begins next phase of CBDC testing.
π Ethereum`s team upgraded it`s roadmap.
π Sullivan Bank has partnered with Bakkt to offer Bitcoin and Ethereum trading for customers.
π Binance joined a Senate hearing in the Philippines to advise on cryptocurrency policies & guidelines.
Which one amazed you most? Comment π
π11
πHey Nimbus Community,
Rather than relying on centralized market makers, liquidity pools help to increase decentralization in DeFi. They balance incentives among their participants by rewarding LPs for supplying liquidity while maximizing order book depth to minimize slippage. As such, liquidity provisioning has become a key element for DeFi primitives. This makes it crucial to incentivize liquidity providers to help maintain healthy liquidity.
Hence, todayβs glossary term is LP tokens, an important element of LPing!
What are LP tokens?
LP tokens, or liquidity pool tokens, are received by users for providing liquidity to liquidity pools. These tokens represent that userβs share of a particular pool and allow them to claim their stake and the interest they have earned.
Liquidity pool tokens represent a receipt, the proof that you are entitled to a part of the liquidity pool where you staked your assets. For example, suppose you place $10 worth of assets in a pool, and if the poolβs total worth is $100, your share would be 10% of that poolβs LP tokens.
What can you do with LP tokens?
Apart from claiming your stake and interest, you can also use them to:
β Yield farming
β Taking out crypto loans
β Transfer ownership of the liquidity you have staked
LP tokens are held in the wallet that you use for providing liquidity. So they are entirely under your control. And itβs essential to keep them secure because losing them means you can no longer reclaim your deposit.
Just as it happens with other assets, you can do more with LP tokens than just HODLing them. Putting them to work and creating a more complex strategy is better.
For example: you can Become a Liquidity Provider for Nimbus Swap to receive 2 types of rewards of up to 100% APY.
How do you do that?
β Pick a pair that youβd like to provide liquidity to
β stake the LP tokens in the LP Staking πHere
Rather than relying on centralized market makers, liquidity pools help to increase decentralization in DeFi. They balance incentives among their participants by rewarding LPs for supplying liquidity while maximizing order book depth to minimize slippage. As such, liquidity provisioning has become a key element for DeFi primitives. This makes it crucial to incentivize liquidity providers to help maintain healthy liquidity.
Hence, todayβs glossary term is LP tokens, an important element of LPing!
What are LP tokens?
LP tokens, or liquidity pool tokens, are received by users for providing liquidity to liquidity pools. These tokens represent that userβs share of a particular pool and allow them to claim their stake and the interest they have earned.
Liquidity pool tokens represent a receipt, the proof that you are entitled to a part of the liquidity pool where you staked your assets. For example, suppose you place $10 worth of assets in a pool, and if the poolβs total worth is $100, your share would be 10% of that poolβs LP tokens.
What can you do with LP tokens?
Apart from claiming your stake and interest, you can also use them to:
β Yield farming
β Taking out crypto loans
β Transfer ownership of the liquidity you have staked
LP tokens are held in the wallet that you use for providing liquidity. So they are entirely under your control. And itβs essential to keep them secure because losing them means you can no longer reclaim your deposit.
Just as it happens with other assets, you can do more with LP tokens than just HODLing them. Putting them to work and creating a more complex strategy is better.
For example: you can Become a Liquidity Provider for Nimbus Swap to receive 2 types of rewards of up to 100% APY.
How do you do that?
β Pick a pair that youβd like to provide liquidity to
β stake the LP tokens in the LP Staking πHere
π13
It's CROSSWORD time!
What are the 3 tokens that you see in the crossword puzzle first?
Comment down below π½
Don't forget to LIKE & RTππ₯
π https://mobile.twitter.com/nmbplatform/status/1562711386014494720
What are the 3 tokens that you see in the crossword puzzle first?
Comment down below π½
Don't forget to LIKE & RTππ₯
π https://mobile.twitter.com/nmbplatform/status/1562711386014494720
π8
How do you feel about the market now?
π Bullish
π’ Bearish
π€― Neutral
Go to vote on Twitter too!
π https://twitter.com/nmbplatform/status/1562760732076560384
π Bullish
π’ Bearish
π€― Neutral
Go to vote on Twitter too!
π https://twitter.com/nmbplatform/status/1562760732076560384
π4
The hottest crypto happenings for Aug, 25 π₯
π Coinbase launches cbETH Wrapped Ethereum Staking Token ahead of Merge.
π Tether hasnβt sanctioned Tornado Cash transfers, unlike USDC.
π World's biggest BTC ATM firm to go public on Nasdaq in $885 million deal.
π Alameda Research Co-CEO Sam Trabucco resigns.
Comment what you think π
π Coinbase launches cbETH Wrapped Ethereum Staking Token ahead of Merge.
π Tether hasnβt sanctioned Tornado Cash transfers, unlike USDC.
π World's biggest BTC ATM firm to go public on Nasdaq in $885 million deal.
π Alameda Research Co-CEO Sam Trabucco resigns.
Comment what you think π
π5
Though bear markets can be tough, truly dedicated projects use them for buildingβοΈ
Polygon, Π‘hainlink, NEAR, Πpensea were born in bear and became giants.
Much has been done, and even more to come! π
Show your love to Nimbus on Twitter β€οΈ
π https://twitter.com/nmbplatform/status/1562876719769735170
Polygon, Π‘hainlink, NEAR, Πpensea were born in bear and became giants.
Much has been done, and even more to come! π
Show your love to Nimbus on Twitter β€οΈ
π https://twitter.com/nmbplatform/status/1562876719769735170
β€6π3
βοΈHey Nimbus community,
π And one is a warrior. According to a Washington Post analysis, Tether is not blacklisting accounts associated with Tornado Cash. It is also not clear whether Tether is legally obligated to fall in line with Treasuryβs sanctions. Is this the future of the industry?
πΎ A zombie-apocalypse is coming. The founder of Huawei, China's largest private company, believes that the world economy will continue to decline in the near future, and the next 3-5 years will be very painful due to bankruptcies of unprofitable companies.
π Arthur Hayes concluded that Bitcoin represents a high-powered coincident of global USD liquidity conditions. Still, he bets on the positive near-term price performance of Ether due to the expected impact of the impending merge. Do you agree with Mr. Hayes?
π Mastercard's CEO said they are working closely with Binance to allow people to spend cryptocurrency in more than 90,000,000 stores around the world - starting with Argentina. The product is in the beta phase and will be widely available in the coming weeks.
π A former top executive at Goldman Sachs believes the crypto market capitalization could grow from $1 trillion to $200 trillion over the next 10 years, and the number of real users of digital assets may well reach 4-5 billion. But, there will be no decentralization...
π And one is a warrior. According to a Washington Post analysis, Tether is not blacklisting accounts associated with Tornado Cash. It is also not clear whether Tether is legally obligated to fall in line with Treasuryβs sanctions. Is this the future of the industry?
πΎ A zombie-apocalypse is coming. The founder of Huawei, China's largest private company, believes that the world economy will continue to decline in the near future, and the next 3-5 years will be very painful due to bankruptcies of unprofitable companies.
π Arthur Hayes concluded that Bitcoin represents a high-powered coincident of global USD liquidity conditions. Still, he bets on the positive near-term price performance of Ether due to the expected impact of the impending merge. Do you agree with Mr. Hayes?
π Mastercard's CEO said they are working closely with Binance to allow people to spend cryptocurrency in more than 90,000,000 stores around the world - starting with Argentina. The product is in the beta phase and will be widely available in the coming weeks.
π A former top executive at Goldman Sachs believes the crypto market capitalization could grow from $1 trillion to $200 trillion over the next 10 years, and the number of real users of digital assets may well reach 4-5 billion. But, there will be no decentralization...
π9
Dear #crypto, today I ____________.
What would you say or ask it about? π§
Likeβ€οΈ to increase your chances to be heard!
π https://twitter.com/nmbplatform/status/1563147360901169154
What would you say or ask it about? π§
Likeβ€οΈ to increase your chances to be heard!
π https://twitter.com/nmbplatform/status/1563147360901169154
π6
It's time for Nimbus` #FridayContest! π
Who's ready to win $150 in $NBU this #ContestFriday? π
π€ It can`t be more simple: follow this Twitter link to take part!π
https://twitter.com/nmbplatform/status/1563184002982645762
Good luckπ―
Who's ready to win $150 in $NBU this #ContestFriday? π
π€ It can`t be more simple: follow this Twitter link to take part!π
https://twitter.com/nmbplatform/status/1563184002982645762
Good luckπ―
π9π₯1
Did you know that NFTs are not only jpegs and gifs?
You can also own the first yield-generating NFT of its kind!
β Your assets work for you
β Less risk, optimal yields
β Saved time and gas fees
Check the details here: https://app.nimbusplatform.io/#/nft/n-NFT
π https://twitter.com/nmbplatform/status/1564269966513381377
Smash π₯ if youβre already a Nimbus user!
You can also own the first yield-generating NFT of its kind!
β Your assets work for you
β Less risk, optimal yields
β Saved time and gas fees
Check the details here: https://app.nimbusplatform.io/#/nft/n-NFT
π https://twitter.com/nmbplatform/status/1564269966513381377
Smash π₯ if youβre already a Nimbus user!
π₯11β€1
The hottest crypto happenings for Aug, 29 π₯
π Singapore plans to restrict retail access to cryptocurrencies.
π Dubaiβs VARA launches crypto marketing guidelines.
π UAE-based firm Virtuzone partners with Binance.
π Formula 1 joins metaverse with two trademark filings for Las Vegas circuit.
π Argentinian province Mendoza starts accepting tax payments in crypto.
Which one amazed you the most? Comment below
π Singapore plans to restrict retail access to cryptocurrencies.
π Dubaiβs VARA launches crypto marketing guidelines.
π UAE-based firm Virtuzone partners with Binance.
π Formula 1 joins metaverse with two trademark filings for Las Vegas circuit.
π Argentinian province Mendoza starts accepting tax payments in crypto.
Which one amazed you the most? Comment below
π9
Which blockchain would you vote for?
Come to vote on Nimbus Twitter!
π https://twitter.com/nmbplatform/status/1564327999633326080
Come to vote on Nimbus Twitter!
π https://twitter.com/nmbplatform/status/1564327999633326080
π5β€1
β‘οΈ DeFi stands for Decentralized Finance.
Nimbus team thinks that DeFi also stands for freedom.
π Share this infographic with your friends for them to be aware of what true freedom is!
https://twitter.com/nmbplatform/status/1564638032136904705
Nimbus team thinks that DeFi also stands for freedom.
π Share this infographic with your friends for them to be aware of what true freedom is!
https://twitter.com/nmbplatform/status/1564638032136904705
π9π₯2
The hottest crypto happenings for Aug, 30 π₯
π Meta links Instagram's NFT posts to Facebok.
πThe Brazilian Central Bank has commissioned a commercial banking giant to build a DeFi solution for its prototype central bank digital currency.
π Indonesia's largest tech company, GoTo, purchases cryptocurrency exchange Kripto Maksima Koin.
π Digital platform Veve has joined forces with Marvel to release digital variant NFT covers from three Marvel comic book artists.
Comment your thoughts π
π Meta links Instagram's NFT posts to Facebok.
πThe Brazilian Central Bank has commissioned a commercial banking giant to build a DeFi solution for its prototype central bank digital currency.
π Indonesia's largest tech company, GoTo, purchases cryptocurrency exchange Kripto Maksima Koin.
π Digital platform Veve has joined forces with Marvel to release digital variant NFT covers from three Marvel comic book artists.
Comment your thoughts π
π6β€3