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Syncord is a DAO-governed platform that offers earning strategies for users boosted by multiple layers of risk-management. Receive rewards from IPO participation, Lending & Borrowing, and more in one spot.
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Another #ContestFriday from Nimbus!๐ŸŽ‰

Which one is the lie?

โ˜‘๏ธ Drop your answer
โ˜‘๏ธ Tag 2 friends
โ˜‘๏ธ Like & RT the tweet

We`ll randomly choose 5 correct ones and reward๐ŸŽ them with $20 in #NBU

https://twitter.com/nmbplatform/status/1578363676352217088

Good luck! ๐Ÿ€
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Don`t forget to visit and subscribe to our YouTube channel, where you can find:

๐Ÿ”นAll episodes of Nimbus Academy
๐Ÿ”นGuides on how to easily interact with the Platform
๐Ÿ”นPanel discussion and Live speeches from #NBU Team

https://www.youtube.com/c/NimbusPlatformChannel
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What is a liquidity pool?๐Ÿง

Our visual guide will help you understand LP and how it enables a Defi economy to thrive ๐Ÿ‘‡
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The hottest crypto happenings for Oct, 7 ๐Ÿ’ฅ

๐Ÿ“Œ Namibia's central bank enables payments in Bitcoin

๐Ÿ“Œ Farfetch accepts Bitcoin for online purchases

๐Ÿ“Œ Visa is teaming up with FTX to offer debit cards in 40 countries

๐Ÿ“Œ Indiaโ€™s central bank outlines digital rupee CBDC plans

Is there any news you are impressed by?

1 - โค๏ธ
2 - ๐Ÿ‘
3 - ๐Ÿ˜
4 - ๐Ÿ”ฅ
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๐Ÿค“There is no better time to start learning about DeFi

โœ๏ธHere are some of the top resources which will help you:

๐Ÿ“Œ DappRadar
๐Ÿ“Œ DEFIYIELD.App
๐Ÿ“Œ DefiLlama
๐Ÿ“Œ Nancen
๐Ÿ“Œ The Defiant

Like โค๏ธ and share the tweet with your friend

๐Ÿ‘‰ https://twitter.com/nmbplatform/status/1578791387260141569
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Describe your weekend in emojis ๐Ÿ˜‰

Weโ€™ll go first:

๐Ÿ›  ๐Ÿ“š ๐Ÿงฎ

Your turn ๐Ÿ‘‡
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Last month, the FED released a report on DeFi with 2 potential outcomes for its adoption:

๐Ÿ”ปIt'll be interoperable or integrated with the existing financial system
๐Ÿ”บIt'll become a separate financial system which would be the preferable outcome for crypto

What do you think?๐Ÿค”

โค๏ธ Defi will be integrated
๐Ÿ”ฅ Separate financial system
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๐Ÿ˜ŽIt's Monday so itโ€™s time to set your goals for the upcoming week๐Ÿ‹๐Ÿผโ€โ™€๏ธ

Which one of these are you going to do? Comment below๐Ÿ‘‡

Not in the options? Still tell us in the comments!
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The hottest crypto happenings for Oct, 10 ๐Ÿ’ฅ

๐Ÿ“Œ Over 12,000 Brazil companies declare crypto holdings in record high.

๐Ÿ“Œ Turkey works hard to make Istanbul home to global blockchain hype.

Did we miss anything important? Let us know in the comments!๐Ÿ‘‡๐Ÿ”ฅ
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The hottest crypto happenings for Oct, 11 ๐Ÿ’ฅ

๐Ÿ“Œ Google partners with Coinbase to accept crypto payments for cloud services.

๐Ÿ“Œ Coinbase gets Singapore license.

๐Ÿ“Œ Portugal to start taxing crypto gains.

๐Ÿ“Œ BNY Mellon to offer crypto services.
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โœ๏ธThe ABCD of Defi:

๐Ÿ”ธ Artificial Intelligence
๐Ÿ”ธ Big Data
๐Ÿ”ธ Cloud
๐Ÿ”ธ DLT

Put like ๐Ÿงก if you didn't know what DeFi is made up of
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Hey, Nimbus Community๐Ÿ‘‹

DeFi is such a complex field, and there are so many things you can do with your tokens. And there are many tools specially designed for every user interaction.

Todayโ€™s glossary is on one of these tools: The Swap Machine.

In DeFi, swapping is a way of transferring assets. A token swap is a mechanism that helps users exchange their existing tokens for others. This is possible in decentralized finance due to the smart contract code, which enables token swapping. Itโ€™s an automated process safe from human error.
Nimbus Swap is one of the essential and highly used tools. Through it, users can trade major tokens like BNB or ETH for NBU or GNBU. Once the swap is complete, they can use the newly acquired tokens for the transactions they are planning in the Nimbus ecosystem.

How does it work? Letโ€™s say you hold GNBU/NBU and want to exchange it into BNB/BUSD; all you need to do is go to the swap machine and swap them.
https://link.nimbusplatform.io/4am

Indeed, the swap machine charges a small fee. But those fees make their way to liquidity providers who stake their assets after getting tokens from the swap machine, creating a flywheel for all users.
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๐Ÿ’ผ While Nimbus` earning strategies are working for you, can focus on ๐Ÿ‘‡
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The hottest crypto happenings for Oct, 12 ๐Ÿ’ฅ

๐Ÿ“Œ Meta partnered with Microsoft.

๐Ÿ“Œ Middle East gets a physical Bitcoin ETP listed on Nasdaq Dubai.

๐Ÿ“Œ JPMorgan and Visa team on cross-border blockchain payments.

๐Ÿ“Œ Rio de Janeiro to allow citizens to pay property taxes in crypto from 2023.
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Tell us how longโณ you've been in crypto without telling us how long you've been in crypto ๐Ÿ‘‡
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โค๏ธ Like if u agree with top cryptographer
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Over time, it is getting difficult for users to access DeFi due to high gas fees๐Ÿ‘€

But Nimbus is committed to reducing the barrier to entry for users๐Ÿ™Œ

That's why we've chosen BSC, which besides having low gas fees, is fast, credible, and cross-chain compatible๐Ÿš€
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๐Ÿ‘‹Hey Nimbus Community,

Are you new to Nimbus Platform? Eager to know about the Smart Staker that everyone is talking about?

No more FOMO, this quick explainer will help you get right on track!

First, hereโ€™s a quick backstory on yield farming and NFTs:

Yield-generation NFTs were not the first thing to come to mind when non-fungible tokens were first launched.
Back then, it was mostly about catchy images and shiny, rare collections.

But things have greatly evolved since then.

At Nimbus, we have always believed that the immutable NFT tech, if explored & and implemented in the right way, can unlock extremely powerful use cases.
Thatโ€™s how Smart Staker NFT was created. DeFiโ€™s first yield-generating NFTs use a hybrid strategy to generate two types of rewards on a single asset.

How does the Smart Staker work?

When users supply the base asset i.e. BUSD/BNB, the smart contract splits the deposited into native tokens. These tokens are directed to two reward strategies, and a Smart Staker is minted 70% of the tokens are directed to Soft Staking, and the other 30% go to LP Staking on the Nimbus Platform.

This means Smart Staker holders receive 2 different rewards on a single base asset for as long as they hold their NFTs.

What are the other benefits?

Optimized yields, gas efficiency, and risk mitigation are all accomplished by simply holding your Smart Staker NFT.
Follow the link below to mint your very own n-NFT and start generating rewards instead of just holding and speculating.๐Ÿ‘‡
https://link.nimbusplatform.io/uv5
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Meet the winners of our #ContestFriday! ๐Ÿ†

https://twitter.com/nmbplatform/status/1580621467611729921

๐Ÿ™ Congratulation to all the winners๐Ÿ™

Thank you all for participating in the contest with so much enthusiasm๐Ÿ‘
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