👋Hey Nimbus Community,

Lending is an important part of DeFi, and most dApps require users to lock up an asset to take out a loan. So in today’s glossary, we’ll cover Over Collateralization.

Collateralized loans, in general, are more advantageous than un-collateralized ones. And setting the collateral at a higher level than the loan’s value means reducing the volatility-related risk even more. When the asset locked is more valuable than the loan, the borrower is less likely not to pay the loan.

Over-collateralization can also happen when the asset placed as collateral increases after the loan is taken.

In general, over-collateralization and liquidation provide protocols with sufficient liquidity.
On Nimbus’s Lending dApp, loans are overcollateralized, ensuring your assets cannot be lost.
This functionality provides users with the yield on digital assets with minimized risks!

Outperform even in volatile markets with Nimbus's lend dApp 👉 HERE!

How does token staking work with Nimbus?

▪️ Two tokens ( GNBU & NBU)
▪️ 6 staking options
▪️ 4 time frames
▪️ up to 20% APY
▪️ Up to 100% APY in LP Staking

🧐Let us know if you ever tried staking!

https://twitter.com/nmbplatform/status/1567153328458534914

👋 Hey, Nimbus Community,

As you know, the Nimbus website was upgraded to a new version that comes with a friendlier interface meant to offer an even smoother experience.

⭐️And now we have implemented Nimbus Website language support:
So far, we have already translated the main site into 8 languages to enhance that improved UX.

Current languages supported on the Platform include English, Mandarin, Russian, Spanish, German, Bulgarian, Hindi, Arabic, and Indonesian.

Check it out on nimbusplatform.io 🙌🙌🙌

Stay tuned to catch the next improvements we bring to the Nimbus ecosystem, and let's spread globally together!

The hottest crypto happenings for Sep, 6 💥

📌 Binance hires a former Brazilian Economy Minister as an adviser.

📌 Ethereum successfully upgrades to Bellatrix Merge, the complete Merge to take place in the coming week.

📌 Netflix bans crypto commercials on ad-based streaming service.

📌 Singapore’s largest bank plans to expand its digital asset offerings to more of its 300K users.

Let us know in the comments which one amazed you the most!

The merge of Ethereum is coming close! It will change how the network is secured, its energy consumption, and tokenomics

Do you think it’ll make the $ETH flip $BTC?🧐

Let us know in the comments 👇

Yes/No

Learn how to get best of DeFi with our YouTube channel!

📒All episodes of Nimbus Academy
⚙️Guides on how to easily interact with the Platform
🎤Panel discussion and Live streams from Nimbus Team

Go check it out and don`t forget to subscribe: https://www.youtube.com/c/NimbusPlatformChannel

If your granny asked about a smart contract, how would you explain?

In Nimbus, we believe that smart contract сan be explained as a self-controlling piece of code intended to be automatically executed once the conditions are met.

Have a better explanation?

Share below!

👋 Hey Nimbus Community,

🆕 We have an important update for Nimbus Affiliate Program (AP) 3.1 users.

As you all know from the previous announcement, the Staking Period in Affiliate Program 3.1 has come to an end. This update is in regard to the reward accrual for Staking in AP 3.1:

✅ The old rewards mechanics for completed staking have ceased to function at the backend. This means that rewards for AP 3.1 users with completed staking have stopped accruing;
✅ This change is not reflected on the frontend/user interface. Meaning on the dashboard, users still see their rewards.
✅ The “Withdraw” button no longer functions.

What happens to my rewards that have already been accumulated?

All accumulated rewards will be airdropped to users' wallets through Multisender in few coming days.

Reminder:
Personal cabinet version 3.1 is available till October 1, 2022

Please, stay tuned, this post will be continued in upcoming time.

The hottest crypto happenings for Sep, 7 💥

📌 Sony Music files an NFT-related trademark.

📌 A Bitcoiner used his wedding day to share love for Bitcoin by gifting 4,000 Satoshis to every guest.

📌 South Korean regulators to prepare guidelines for security tokens in 2022.

📌 Switzerland’s SEBA Bank launches Ethereum staking services for institutional clients.

📌 One year ago today, El Salvador adopted Bitcoin as legal tender.

Let us know in the comments which one amazed you the most!

As a follow-up to the previous message regarding Affiliate Program 3.1, we would like to share with you some product update, which is even more rewarding alternative for AP 3.1 users.

Now you can receive even more rewards compared to the old AP mechanic via the TAKE IT NFT functionality!

A TAKE IT NFT holder over time receives:

🌟 Their entire staking body is used for minting the TAKE IT NFT at the original exchange rate (from the beginning of the staking period) in BUSD tokens
🌟 10% Bonus of the entire staking balance in BUSD tokens!
🌟 TAKE IT NFT holders can do even more with their NFTs!

Mint your TAKE IT NFT on Affiliate Program 4.1. 👉 Here

Important:
Transfer to TAKE IT NFT button is already available in your personal AP cabinet. It's tested by our team and ready to use.

Nevertheless, we would like to pay your attention to the fact that final changes on the frontend are not ready yet. It means that TAKE IT NFT acquired by a user will not be displayed in his cabinet, but of course, the transaction of acquiring of TAKE IT NFT will be completed successfully and can be easily checked on BscScan.

Please, check the images attached to the post.

So, for those who feel more comfortable when they see their TAKE IT NFT in personal cabinet, it's better to wait until 9 September, when the work on the interface will be finally finished.
If BscScan confirmation is enough for you, you are welcome to try TAKE IT NFT right now!!

Stay tuned 🙌

We have winners for our #ContestFriday 💥

Here are 4 lucky ones to get $30 in $NBU each:

👉 https://twitter.com/nmbplatform/status/1567820999642546178

Thanks to each & everyone for participating! More to come so stay tuned😉

Do you think DeFi is capable of changing our lives in the near future?

ADD ALL EMOJIS!

👍 Yes of course
😢 Dont think so
🤔 Im not sure
🤯 What`s DeFi?

We do believe that the number one tokens you're holding are NBU and GNBU 🚀

What other #crypto do you have in your portfolio? Write token tickers on Twitter!

👉 https://twitter.com/nmbplatform/status/1567875431151329282

Hey Nimbus Community👋

🆕We have a small update for you concerning yesterday's post about TAKE IT NFT.

Yesterday we told you that the Transfer to TAKE IT NFT button is available in your AP 4.1 personal cabinet interface.

In fact, TAKE IT NFT functionality is available only in the AP 3.1 interface version until the 1st of October. Nevertheless, users of AP 4.1 can always have the possibility to return to AP 3.1 interface version in their personal cabinet and benefit from TAKE IT NFT.

Stay tuned🙌

The hottest crypto happenings for Sep, 8 💥

📌 South Korea to establish a separate market for security tokens.

📌 Sorare partners with NBA to build a licensed NFT game.

📌 GameStop partners with FTX to promote interaction between the gaming and crypto community.

📌 Students who attended Jay-Z and Jack Dorsey's Bitcoin Academy classes received $1K in BTC each.

👋Hey Nimbus community;

😌ETH and the Merge. The Bellatrix upgrade went perfectly meaning that soon we'll see the transition to PoS. Once the event takes place, this crypto will become more deflationary at the annual issuance rate ~0.3%.

😜Institutional investors love passive crypto income. SEBA Bank announced the launch of the ETH staking that opens a door for investors to receive a fee for storing their assets.

😁Another essay from Arthur Hayes: gold and fiat money lose to BTC in times of geopolitical tensions as it can't be confiscated and has no physical embodiment.

😡Don't let your guard down! Crypto Influencer came up with a fake scheme as an experiment and raised over $100k in BTC in a few hours. Finally, he returned the funds to gullible users.

Hey Nimbus fam! How are you doing today?

Let's make some noise in the space!

Let's spread the word about @nmbplatform & comment below to show how pumped we are for Nimbus recent upgrades!

All we need is your love ❤️

👉 https://twitter.com/nmbplatform/status/1568277170631446534

The hottest crypto happenings for Sep, 9 💥

📌 White House says the US Congress might consider a ban on "crypto-asset mining."

📌 Ford prepares to enter the Metaverse with virtual automobiles and NFTs.

📌 The Japanese government issues NFTs to reward local authorities' work.

📌 Singapore-based bank DBS partners with The Sandbox to create a metaverse experience.

📌 Axie Infinity creators Sky Mavis partner with Google Cloud to tighten the security of the Ronin blockchain network.

Comment what you think 👇

It's time for Nimbus #fridaycontest! 🙌

Finish the sentence:
DeFi is a revolution because ___

The best variants will be rewarded with $30 in $NBU🎁

The number of comments is not limited!

‼️Dont forget to LIKE & RT the tweet, it's a must👇

https://twitter.com/nmbplatform/status/1568298193430921217