NIМВUS | Official News Channel

2021-09-29 22:16:05 ​​ Hey Nimbus Community,

Today, on the Nimbus Glossary, we’ll be covering another term — Collateral Ratio

For example, if your loan value is 1 ETH and your collateral value is 1,5 ETH (worth of any other asset), then your collateralization rate is 150%.

Here are some interesting facts:
Users of the Nimbus Borrow dApp can set their own collateral ratio from 120% to 1000% to be in control of the situation.
This not only ensures that all lenders’ assets are safe and overcollateralized: it also helps borrowers manage the risk of loan liquidation.

Tip: at Nimbus, loan liquidation happens when the collateral ratio goes below 115%. So higher the amount of collateral ratio, the better, because if the asset exchange rates suddenly change, the collateral ratio may also drop below 115%. This in turn would result in the loan being liquidated and the user will have to “buy” it back in the Liquidations section.

Don’t you worry, though! Here at Nimbus, we protect our borrowers from experiencing such a setback via push notifications.
The push notifications are triggered when the collateral level drops to 130%. Simply make sure to keep the Nimbus Platform website open and you’ll get notified. Open / Comment

2021-09-28 19:39:54 ​​ Hey Nimbus Community,

We're excited to announce that NBU and GNBU tokens are now available in the Lending and Borrowing dApps — both as loans and as collateral!

Since we actively recommend our community to use the Nimbus Platform on BSC with its extremely low gas fees, it only applies to the BSC network for now. But soon, we will also deploy it on the Ethereum network.

With this, Nimbus token holders have even more ways to benefit from NBU and GNBU tokens! Here are some examples:

 You believe in the long-term NBU & GNBU growth potential but at the same time, wish to have other assets for trading, liquidity providing at 100% APY, and so on?

Now, you can offer NBU & GNBU tokens as collateral and borrow other assets such as BNB and BUSD on BSC, or ETH and USDT on Ethereum — at nearly 0% APR!  Then, you can use these assets for any opportunity — absolute freedom!

Or perhaps you’d like to get some rewards for Nimbus Staking but don't want to permanently sell your ETH, BNB, and other assets to acquire NBU & GNBU?

Then simply borrow NBU or GNBU and stake them at up to 40% APY (tip: if you join the referral program and invite friends, then you can even unlock the 60% APY). Once you have received your rewards and you are satisfied, you can redeem your collateral in full.

This is the first true example of the tremendous synergies represented by a truly holistic DeFi Platform. More coming soon!

Try Lending and Borrowing with NBU or GNBU Here! Open / Comment

2021-09-27 19:11:18 It's time to talk about DeFi innovation!

Our Vice President Capital Markets — Mr. Waseem Mamlouk, talks about Ethical DeFi, an exciting part of our roadmap that aims to market 2 billion users.

Read the interview to know our VP's thoughts on it, here

https://hackernoon.com/on-the-future-of-ethical-defi-interview-with-waseem-mamlouk Open / Comment