Building on its Cosmos foundation, the Nolus DeFi protocol has secured $2.5 million to revolutionize cross-chain leasing capabilities in the DeFi arena.
George Town, BVI, May 2nd, 2023, Chainwire
The innovative Nolus DeFi Lease allows investors to access up to 150% financing on their starting capital while significantly reducing the chance of margin calls and providing entry into a variety of leveraged assets.
Nolus Recently, Nolus has concluded a seed funding round valuing the project at $20 million, with support from platforms such as Dorahacks, Everstake, and Token Metrics Ventures. This capital will enable Nolus to refine its technological framework and broaden its influence both within the Cosmos community and in the wider market. The advisory team, including notable figures like Zaki Manian and Shane Molidor, will help cement Nolus' role in the cross-chain landscape.
Nolus is introducing a groundbreaking DeFi Lease mechanism that optimizes the crypto money market by alleviating the heavy over-collateralization standards prevalent in the industry. This leads to much greater capital efficiency and offers much better lending opportunities for users. With up to 150% financing available and reduced margin call risks, investors can engage with underlying leveraged assets via approved yield-generating strategies. Additionally, by integrating liquid staking derivatives, Nolus positions itself as a pivotal driver for the use of LSDs in the Cosmos ecosystem, particularly through self-repaying loans.
Nolus creates a financial ecosystem where lenders can earn interest on their stablecoin deposits, while borrowers can strategically leverage their current equity to gain additional assets with minimized risk.
About Nolus
Nolus The protocol operates on a semi-permissioned Proof of Stake blockchain, constructed with the Cosmos SDK and utilizing a WASM smart contract engine designed within an isolated sandbox that prioritizes interoperability, security, and efficiency. At its core, Nolus emphasizes interoperability, employing IBC and Interchain Accounts to seamlessly connect with various liquidity hubs, thus avoiding the pitfalls of fragmentation across multiple chains.
After an intensive period of testing, Nolus plans to unveil its public mainnet in May.
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