The term FinTech – short for financial technology is relatively new, popularized by more than a decade old cryptocurrency revolution. The latest development in the blockchain-powered FinTech industry is decentralized finance (DeFi). What makes DeFi special is the potential to provide alternatives to many traditional financial products and services at a fraction of the cost, while lowering the barrier to entry.
The DeFi solutions create opportunities for wealth generation and open access to financial services for everyone regardless of their economic status. With DeFi, even those without a bank account or documentation can invest as little as $ 20 and expect returns on it. They have also returned control of their funds to the users, which in a traditional environment is in the hands of centralized financial institutions.
The current application of DeFi solutions extends to trading, loans, investments and more. In many of these areas they have proven to be more efficient than conventional options. Aside from low cost and high efficiency, this new technology also offers unprecedented levels of transparency and allows users to always be in control of their assets. While DeFi is considered the silver bullet that could potentially eliminate ‘banklessness’ among the world’s population, it is still gaining widespread adoption.
However, as of today, DeFi still hasn’t fulfilled its potential. It has many shortcomings, ranging from the lack of realistic and sustainable monetization models to the lack of holistic solutions that meet users’ requests without having to switch between platforms. Only a few companies like Nimbus have identified and addressed these issues by creating holistic, easy-to-use DeFi ecosystems.
What is Nimbus?
Nimbus is a year-old FinTech company with solid credentials that has served a 50,000 strong community by providing blockchain-based financial solutions. After growing at such a rapid pace in a short period of time, it has taken a giant leap to create its own DeFi ecosystem that combines all the good practices followed by both traditional and decentralized financing.
Going live on December 21, the Nimbus DeFi ecosystem offers 10 user earning strategies in one place, all accessible through a single token listed on the Uniswap exchange the same day: NUS token.
The ecosystem will consist of 4 different dApps giving access to P2P loans, IPOs, Startup Financing and Crypto Arbitrage Trading, a centralized version of which has been used by 50,000 people so far. These dApps are based on proven traditional financial tools that can generate revenue, but in a decentralized setting.
While these four dApps are powered by three tokens, they are each controlled within the ecosystem by the Nimbus DAO. The direction of the project itself is determined by the holders of the GNUS governance tokens, which also entitles them to a share of the platform’s revenue.
The Nimbus dApps
The four dApps on the Nimbus ecosystem are:
- Nimbus IPO Hub dApp – It is a platform that allows users to participate in IPOs through liquidity pools. The IPO Hub makes it possible for everyone to take advantage of share acquisition, which is almost impossible in a conventional environment. But now it is possible in crypto, without additional brokerage fees or tiring paperwork.
- Nimbus Crowdfunding dApp – This unique tool offers users early access to seed capital and convertible notes of future unicorns. Users can enjoy even higher investment efficiency as the dApp provides access to a diversified portfolio of carefully screened startups and the money is automatically distributed at KPI start-up. This reduces the risks of misappropriation of funds and increases profitability.
- Crypto Arbitrage Trading – A decentralized version of Nimbus’s already popular trading app deployed to 50,000 users. It has led to the rapid growth of the Nimbus community, which is already a testament to its success. But the dApp version is even more efficient and beneficial for users!
- P2P Lending dApp – This tool uses both proven traditional credit mechanisms and the best practices in DeFi. It offers various options for lending and borrowing based on risk-adjusted criteria and makes it possible to match direct users by location.
Removing barriers to entry for investment opportunities
An example of true democratization of financial markets, the Nimbus Ecosystem makes it possible for users to spend every penny efficiently. Participating in IPOs through the Nimbus IPO Hub or investing in promising startups with Nimbus Crowdfunding starts with minimal crypto investment amounts, ensuring that anyone with an interest can now become an investor with whatever resources they can spare.
Risk mitigation and reward optimization through advanced technology
Furthermore, the risks typically associated with such investments are largely mitigated, thanks to liquidity pools and smart contracts that ensure that the investments in startups and projects are used for the right things. It also implements advanced evaluation criteria similar to those followed by venture capital firms to shortlist the projects, which will be followed by a community voting process involving GNUS holders to choose the eligible startups the dApps pools are included.
The best of traditional and decentralized finance
Meanwhile, the Nimbus project is tirelessly expanding its offering by listing more proprietary and third-party dApps. These dApps, combined with the platform’s plan to acquire a FINRA broker-dealer license, NFA and SEC licenses, will help Nimbus become the much needed bridge between digital assets and investment products for the global public. Few other DeFi projects on the drawing board can provide additional asset classes and investment products such as Pre-IPO Secondary Markets Equity Participation and more. Users can easily adopt these products without worrying about their reliability as all smart contracts implemented by the platform are audited by Zokyo and got a great security score.
Nimbus DeFi finally!
The Nimbus DeFi project will finally go live on December 21st. That’s when the first two dApps go live and when users can buy the NUS token on UniSwap for a favorable price.
Image by Tomislav Jakupec from Pixabay