Defi

Cosmos

George Town, BVI, May 2nd, 2023, ChainwireThe Nolus DeFi Lease provides up to 150% financing on the initial investment with a lowered margin call risk and access to the underlying leveraged assets.Nolus, an interoperable application on Cosmos, has secured $2.5 million in pre-seed and seed funding to tackle inefficiencies in DeFi money markets.&nbsp;The recently concluded $20 million valuation seed funding is backed by Dorahacks, Everstake, Cogitent Ventures, Token Metrics Ventures, and Autonomy Capital, among others, and will allow Nolus to fully complete the technological backbone and further expand the platform both within and outside the Cosmos ecosystem. The Advisory Board members Zaki Manian, Strangelove, and Shane Molidor will ensure Nolus solidify its cross-chain presence.The novel DeFi Lease solution by Nolus unlocks the full potential of crypto money markets by reducing the industry's steep over-collateralization requirements, resulting in significantly improved capital efficiency and much more favorable lending options for users. The Nolus DeFi Lease provides up to 150% financing on the initial investment with a lowered margin call risk and access to the underlying leveraged assets through whitelisted yield-bearing strategies. With the added support of liquid staking derivatives, the Nolus protocol will create a cornerstone use case for LSDs for the Cosmos ecosystem in the form of self-repaying loans.About NolusNolus defines a money market between lenders looking to earn yield on deposited stablecoins and borrowers looking to amplify holdings with more assets than their current equity at lower risk and retained ownership.The Protocol utilizes a semi-permissioned PoS blockchain built using the Cosmos SDK and a WASM smart contract engine that executes in an isolated sandbox model focused on interoperability, security and performance. Interoperability itself is at the core of Nolus' offering as the Protocol utilizes IBC and Interchain Accounts to tap into a diverse set of liquidity hubs without creating fragmentation across chains.After months of testing, Nolus will open its public mainnet in May.Website&nbsp;|&nbsp;Twitter&nbsp;|&nbsp;DiscordContactMarketing and CommunicationsNolus Protocolcomms@nolus.io

Cosmos-Based Defi Protocol Nolus Raises 2.5M to Build the First Cross-Chain Defi Lease

Crypto Daily™

2023년 5월 2일에 게재된 다른 기사

🗒 Daily Newsletter | Tuesday, May 2, 2023

How much danger lies in AI adoption? The godfather of AI quits Google

This Ethereum (ETH) rival is driving investors crazy, poised for massive gains in May 2023

4 PROVEN Ways to Make Crypto Passive Income | $259 per WEEK!!

Helio Protocol Expands Reach in DeFi Ecosystem with Key Partnerships and Updates

Discover SuperDapp AI in our Syscoin Weekly Update XXI.

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!