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
Revenue generation strategies on the Nimbus platform:
βοΈStaking: 6 different opportunities
βοΈLiquidity provisioning
βοΈLending & Borrowing
βοΈSmart Staker NFT
βοΈSmart LP NFT
βοΈNimbus Affiliate Program
Join our official chat to know more from Nimbus community managers: https://t.me/Nimbus_Platform_ENG
π https://twitter.com/nmbplatform/status/1564682049407131649
βοΈStaking: 6 different opportunities
βοΈLiquidity provisioning
βοΈLending & Borrowing
βοΈSmart Staker NFT
βοΈSmart LP NFT
βοΈNimbus Affiliate Program
Join our official chat to know more from Nimbus community managers: https://t.me/Nimbus_Platform_ENG
π https://twitter.com/nmbplatform/status/1564682049407131649
π10β€1
Did you know that there are almost 24,000 cryptocurrencies in existence!?π±
If each of us owned at least 1 crypto together, we would fill more than half of Juventus Stadium!
How many are in your portfolio? Let us know in the comments on Twitterπ
https://twitter.com/nmbplatform/status/1564697861740175361
If each of us owned at least 1 crypto together, we would fill more than half of Juventus Stadium!
How many are in your portfolio? Let us know in the comments on Twitterπ
https://twitter.com/nmbplatform/status/1564697861740175361
β€5π3
πHey Nimbus Community,
What fits your pocket and brings the best of DeFi opportunities to your fingertips?
No hard guesses here! Itβs the Nimbus Mobile App!
The exciting news is that the Nimbus Smart Staker n-NFT is now also on the Mobile app!
Check it outπ Here!
What does this mean?
The ultimate ability to generate rewards on your BUSD or BNB using the worldβs first family of yield-generating n-NFTs on the go! with your mobile App!
How do you generate rewards with the Smart Staker?
Itβs simple! By depositing a minimum of 1 BNB or 200 BUSD to issue your very own Smart Staker.
Once you mint the NFT, the supply assets automatically attach to the Smart staker, sending them to two revenue streams β Soft Staking and CAKE-BNB LP Staking.
The Smart Stake n-NFT is available on your Nimbus Andriod Apps. Get started by downloading the app π Here!
Weβd love to hear your feedback about your experience with issuing the Smart staker NFT and accruing rewards. Tell us all about it in the βReviewsβ section on Google Play!
What fits your pocket and brings the best of DeFi opportunities to your fingertips?
No hard guesses here! Itβs the Nimbus Mobile App!
The exciting news is that the Nimbus Smart Staker n-NFT is now also on the Mobile app!
Check it outπ Here!
What does this mean?
The ultimate ability to generate rewards on your BUSD or BNB using the worldβs first family of yield-generating n-NFTs on the go! with your mobile App!
How do you generate rewards with the Smart Staker?
Itβs simple! By depositing a minimum of 1 BNB or 200 BUSD to issue your very own Smart Staker.
Once you mint the NFT, the supply assets automatically attach to the Smart staker, sending them to two revenue streams β Soft Staking and CAKE-BNB LP Staking.
The Smart Stake n-NFT is available on your Nimbus Andriod Apps. Get started by downloading the app π Here!
Weβd love to hear your feedback about your experience with issuing the Smart staker NFT and accruing rewards. Tell us all about it in the βReviewsβ section on Google Play!
π8β€4
πHey Nimbus Community,
Liquidation is part of the crypto world and something every trader wants to avoid. So todayβs glossary will reveal what liquidation is, its consequences, and how it can be avoided.
In DeFi, stake lending is common practice, and the liquidation mechanism is used to reduce the risk for the protocol and keep the system stable so it can continue to work properly.
With margin trading, liquidation happens when the traderβs margin account goes under a previously set level.
Generally speaking, liquidation can also mean selling assets for cash to reduce losses, for example, if a market crash happens.
Nimbus Borrowing was designed to help you stay in control of the situation by setting a custom collateral level. And you can manage the risk of deal liquidation due to the unique notification system.
Check out the app and the benefitsπ Here!
Liquidation is part of the crypto world and something every trader wants to avoid. So todayβs glossary will reveal what liquidation is, its consequences, and how it can be avoided.
In DeFi, stake lending is common practice, and the liquidation mechanism is used to reduce the risk for the protocol and keep the system stable so it can continue to work properly.
With margin trading, liquidation happens when the traderβs margin account goes under a previously set level.
Generally speaking, liquidation can also mean selling assets for cash to reduce losses, for example, if a market crash happens.
Nimbus Borrowing was designed to help you stay in control of the situation by setting a custom collateral level. And you can manage the risk of deal liquidation due to the unique notification system.
Check out the app and the benefitsπ Here!
π10