George Town, BVI, May 2nd, 2023, Chainwire

 

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.

Nolus, an interoperable application on Cosmos, has secured $2.5 million in pre-seed and seed funding to tackle inefficiencies in DeFi money markets.

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 Nolus

Nolus 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 | Twitter | Discord

 

Contact

Marketing and Communications
Nolus Protocol
comms@nolus.io

You May Also Like

“The Only Presale You Need in 2024” BlockDAG Network Grows at a Speed of $500,000 a Day, A Step-to-Step on How You Can Join In

In the dynamic and ever-evolving world of cryptocurrency, identifying the next big…

Redefine Art Ownership with Rare: DeFi and Tokenized Real World Assets (RWA)

Rare is excited to unveil its groundbreaking tokenized art and design studio,…

Wemade announces Strategy SLG Street Wars: Hero Domination WEMIX PLAY Onboarding Deal

Players get to expand their power base in the criminal underworld of…

StakingFarm Reveals Aggressive Expansion Plans for Europe and America Before Bull Market Ends

StakingFarm, a leading cryptocurrency staking platform, is thrilled to announce its strategic expansion…

RapidBit Exchange Launches Open ESG Academy to Advance Responsible Financial Literacy

RapidBit Exchange announced the official launch of its Open ESG Academy, a…

PEKA: The Craziest Token on BSC Wins Hearts and Captures Imagination!

Binance Smart Chain (BSC) has found its latest sensation in the form…

CleanOcean successfully migrating to $CLEAN v2. The truth about eco-tokens

CleanOcean is excited to announce its migration from $CLEAN v1 to $CLEAN…

Vacabee and StayandVoyage Join Forces to Host the Ultimate Travel Experience

In a groundbreaking move that is set to reshape the travel industry, Vacabee and…

DYP Founder Purchases a BAYC NFT Ahead of the DYP PAW NFT Collection Launch

His announcement comes two weeks before the launch of the protocol’s NFT…

DECISION.bet Launches a first Battle for Crypto Card Game on Polygon Mainnet

DECISION.bet innovates blockchain gaming through its trust-based point system, transparent transaction verification, and…