Hey, Nimbus Community👋
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.
Today’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. It’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? Let’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.
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.
Today’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. It’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? Let’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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Over time, it is getting difficult for users to access DeFi due to high gas fees👀
But Nimbus is committed to reducing the barrier to entry for users🙌
That's why we've chosen BSC, which besides having low gas fees, is fast, credible, and cross-chain compatible🚀
But Nimbus is committed to reducing the barrier to entry for users🙌
That's why we've chosen BSC, which besides having low gas fees, is fast, credible, and cross-chain compatible🚀
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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, here’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.
That’s how Smart Staker NFT was created. DeFi’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.👇
https://link.nimbusplatform.io/uv5
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Meet the winners of our #ContestFriday! 🏆
https://twitter.com/nmbplatform/status/1580621467611729921
🙏 Congratulation to all the winners🙏
Thank you all for participating in the contest with so much enthusiasm👍
https://twitter.com/nmbplatform/status/1580621467611729921
Thank you all for participating in the contest with so much enthusiasm👍
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The hottest crypto happenings for Oct, 13 💥
📌 UK gov't introduces bill to digitize trade documents.
📌 Samsung uses blockchain-based security for devices in its network.
📌 Blockchain. com gets regulatory nod from Singapore’s central bank.
📌 India to use Polygon to fight against police corruption and crime.
📌 UK gov't introduces bill to digitize trade documents.
📌 Samsung uses blockchain-based security for devices in its network.
📌 Blockchain. com gets regulatory nod from Singapore’s central bank.
📌 India to use Polygon to fight against police corruption and crime.
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Hey, Nimbus Community 👋
A new accessibility tool The Hard Staking Calculator for Affiliate Program 4.1 is now LIVE!
You’re already familiar with the two options – Staking 60% APY and Staking 40% APY. Only now, when you push the two staking buttons, you get an estimated calculation of your rewards.
The pop-up window that will appear will show you the following information:
✅ Staking body
✅ Current NIMB price
✅ The estimated total for staking
✅ Staking rewards for 360 days
The calculator makes it easier to plan your staking strategy by estimating your staking rewards in advance!
Don't forget to share your feedback on the new tool!
A new accessibility tool The Hard Staking Calculator for Affiliate Program 4.1 is now LIVE!
You’re already familiar with the two options – Staking 60% APY and Staking 40% APY. Only now, when you push the two staking buttons, you get an estimated calculation of your rewards.
The pop-up window that will appear will show you the following information:
The calculator makes it easier to plan your staking strategy by estimating your staking rewards in advance!
Don't forget to share your feedback on the new tool!
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The hottest crypto happenings for Oct, 14 💥
📌 Mastercard is looking to make cryptocurrencies everyday way to pay.
📌 Ukrainian art museum to preserve art and cultural heritage through NFT auction.
📌 Binance launches a $500M fund to invest in Web3 startups.
📌 According to a new Q3 2022 report, Web3 devs are ‘more active than ever’.
📌 Mastercard is looking to make cryptocurrencies everyday way to pay.
📌 Ukrainian art museum to preserve art and cultural heritage through NFT auction.
📌 Binance launches a $500M fund to invest in Web3 startups.
📌 According to a new Q3 2022 report, Web3 devs are ‘more active than ever’.
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When will the next bull run start?
Anonymous Poll
13%
👍 This year
29%
🤩 2023
37%
🔥 2024
21%
❤️ Uncertain
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🌱Life principles from Binance CEO CZ
✍🏼 Be fair
Do not take advantage of others and do not let others take advantage of you.
✍🏼 Build long term, win-win, relationships or deals
Success is built over the long term, and to maintain healthy long term relationships, one has to create and engage in long term win-win relationships.
✍🏼 Avoid “bad” relationships
There are unethical/toxic people. People who don’t share your values or mission. And people that waste a lot of your time. Let them go.
✍🏼 Be ethical
Never cross ethical boundaries. It always comes back and bites you.
✍🏼 Stay focused
Being focused allows you to work hard. Remove distractions from your life.
✍🏼 Be positive
Having a positive attitude usually produces positive outcomes.
✍🏼 Own it
Be responsible and be proud of what you do
✍🏼 Learn constantly
Read books. Live in different cities. Have a worldview.
Read the full article and put 🔥 if you agree with these principles
https://www.binance.com/en/blog/from-cz/czs-principles-6343713009794494746
✍🏼 Be fair
Do not take advantage of others and do not let others take advantage of you.
✍🏼 Build long term, win-win, relationships or deals
Success is built over the long term, and to maintain healthy long term relationships, one has to create and engage in long term win-win relationships.
✍🏼 Avoid “bad” relationships
There are unethical/toxic people. People who don’t share your values or mission. And people that waste a lot of your time. Let them go.
✍🏼 Be ethical
Never cross ethical boundaries. It always comes back and bites you.
✍🏼 Stay focused
Being focused allows you to work hard. Remove distractions from your life.
✍🏼 Be positive
Having a positive attitude usually produces positive outcomes.
✍🏼 Own it
Be responsible and be proud of what you do
✍🏼 Learn constantly
Read books. Live in different cities. Have a worldview.
Read the full article and put 🔥 if you agree with these principles
https://www.binance.com/en/blog/from-cz/czs-principles-6343713009794494746
Binance Blog
CZ’s Principles | Binance Blog
Discover and learn from the principles CZ shares with Binance and its employees.
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