Nimbus Project: A Holistic, User-Centric Approach to DeFi

by
DeFi
Nimbus Project: A Holistic, User-Centric Approach to DeFi

The 21st century is marked by a push from people and organizations to democratize access to financial services, regardless of geographical location. 

By incorporating technology, a new revolutionary sub-sector, Fintech, a solution merging technology in enabling better access to financial instruments and services, emerged.

Fintech to Drive Financial Inclusion

Fintech continues to find widespread use especially with the exponential growth of crypto. The proliferation of cryptocurrencies in the last 10 years continues to point out the benefits of fronting new technologies as a means of pushing for better penetration of financial services. 

A new application in smart contracting and crypto, called DeFi, began to take root in 2019. By late January 2021, there was over $24 billion worth of assets under management in DeFi, according to trackers. Anchored on smart contracting’s flexibility, DeFi has different flavors ranging from those offering trustless swapping of tokens, lending and borrowing, derivatives trading, insurance, and more. 

Seeking to tap on their evolution in crypto is the Nimbus Platform.

What is the Nimbus Platform?

While DeFi solutions create wealth generation opportunities, democratizing access to financial services, it hasn’t been a perfect silver bullet as proponents hoped it would. Part of this is because DeFi and crypto are still new concepts packed with experimental albeit disruptive solutions. 

Although some positive results have been posted, some visible shortcomings from high, unrealistic yields in some protocols and the absence of customizable solutions meeting users’ specific needs are temporary hindrances. Coupled with low adoption levels, DeFi, though revolutionary, is still nascent. 

The Nimbus platform plans to change this narrative. 

Nimbus is an established fintech platform that is now transiting to DeFi. January 27, it’s launching a new DeFi ecosystem that is easy to use and that incorporates different wealth-generating opportunities all in one spot and available via a single native token: NBU. Through their ecosystems of dApps serving a specific niche, they ensure that every dollar, regardless of amount, is put to efficient use, a part of a wider scheme helping in financial inclusion.

Just a year after launching, the Nimbus platform has accumulated over 50k users. With a solid background, the project’s creators blend good practices used by traditional players with the myriad of opportunities and flexibility that distinguish DeFi.

The Nimbus Platform smart contracts are audited by Zokyo, ensuring that the idea was created and actualized by a team of experienced specialists drawn from companies such as Huawei work as intended for the common good. 

The Nimbus DAO-Governed DeFi Ecosystem

On Jan 27, Nimbus will be launching a new DAO-governed DeFi ecosystem offering users with more than 10 earning strategies. 

Unlike other dApps that dot the DeFi space, all of Nimbus’ applications are based on clear and thoroughly tested revenue-generating mechanisms, including from the traditional markets. These opportunities, it must be noted, were previously unavailable to ordinary investors. 

The NBU token will prime this ecosystem. Only 10 percent of the NBU governance token will be under the Nimbus Organization for complete decentralization. 

Nimbus DeFi dApps

The revenue-generating mechanism behind this autonomous, decentralized, and community-controlled ecosystem will be from IPO participation, startup financing, P2P lending, a Crypto Arbitrage-Trading dApp the centralized version of which is currently being used by more than 50k users, and more pools. 

The IPO Participation Hub dApp allows users to participate in mainstream IPOs through liquidity pools, enabling ordinary investors to acquire stocks that won’t be ordinarily possible in traditional settings. On the other hand, the Startup Finance dApp, a crowdfunding protocol, is a suitable tool for DeFi token holders to access equity and convertible notes of potential projects at an early stage. 

All these startups are carefully vetted, preventing capital misappropriation and pushing the chances of making profits higher. The EU license for this operation is pending, but they have already struck agreements with major Liquidity Providers. 

All this is part of the Nimbus Platform plan of being a bridge between digital assets and investment products. Users will have more access to additional asset classes and investment products as the company receives all the required licenses to be able to offer this in a fully compliant and secure way.

The IPO Participation, Startup Financing, and P2P Lending dApps will all be controlled by the Nimbus DAO. How the DAO operates and evolves will be determined by the holders of the Nimbus governance tokens, who will also receive a share of the DAO’s revenue.

On the launch date, January 27, users will be able to swap any amount of NBU straight on the Nimbus website, take advantage of their new referral program, and stake the NBU token that earns a 12 percent APY. The first two dApps shall be launched shortly after. 

Dalmas Ngetich

Dalmas is a very active blockchain and cryptocurrency content creator and highly regarded Technical Analyst. He is a Mechanical Engineer by profession and an activeTrader, whose first encounter with Bitcoin was in 2015—and by accident. Ever since, it has been an exciting journey where life-long friendships have been forged, and careers made and strengthened.