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

MemeHain Announces Token Airdrop with Plans to Launch

MemeHain is happy to share the exciting news of its upcoming token airdrop.…

Boba Network Launches BNB Chain’s First Ever L2

Palo Alto, CA, 2nd November, 2022, Chainwire   Boba Network has deployed…

Project Hive Public Beta Launch and IDO Announced

After two years of dedicated development, Project Hive is thrilled to unveil…

MYEG’s Enterprise Layer 1 Blockchain Zetrix Initiates Coinstore IEO and listing on multiple platforms

(Singapore, 18 Oct 2023): Zetrix, the public blockchain infrastructure that is enabling people…

Toobit Leads the Way in Harnessing Bitcoin’s Potential as the Ultimate Hedge Against Inflation

Toobit, a leading cryptocurrency platform, recently unveiled a brilliant plan to use…

New Holding Enters the Apartment Rental Market: Alikson Group Acquires Apart Sharing in a Whopping Deal

Alikson Group, the global conglomerate, has widened its operations securing a massive…

Crypto Cards Go Non-Custodial With GoDefi, Announces Second Funding Round Following Initial Launch Success

A centralized spending experience with decentralization at its core, GoDefi offers virtual debit cards…

Keynode Unveils Game-Changing Update to Simplify Crypto Staking and Boost Accessibility

Keynode, a crypto staking platform, has launched a new feature to make crypto…

Rematic Tokens LLC Remains Strong Despite Falling Victim to Sophisticated Scam

At the time of writing, Rematic hasn’t been able recovered the stolen…

AFK Trading Bot Now Live: Unveiling a New Era in Crypto Trading

AFK Sniper, a leading player in the cryptocurrency trading space, is thrilled…