The term FinTech – short for financial technology is relatively new, popularized by over a decade-old cryptocurrency revolution. The latest development in the blockchain-backed FinTech industry is decentralized finance (DeFi). What makes DeFi special is its potential to provide alternatives to many traditional financial products and services at a fraction of the cost while reducing the barrier to entry.
The DeFi solutions create wealth generation opportunities and open access to financial services for everyone, irrespective of their economic stature. Using DeFi, even those without a bank account or documentation can invest as less as $20 and expect returns from it. They have also returned to users control over their funds, which in a traditional setting rests in the hand 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. Apart from low cost and high efficiency, this new technology also offers unprecedented levels of transparency and allows users to always maintain control over their assets. While DeFi is considered as the silver bullet that can potentially eliminate “unbankedness” among the global population, it is still in the process of gaining widespread adoption.
As of today, DeFi still hasn’t fulfilled its potential, though. It has many shortcomings ranging from the lack of realistic and sustainable revenue generation models to the absence of holistic solutions that would cater for the users’ requests, without the need to switch between platforms. Only a few companies like Nimbus have identified and addressed these issues by creating holistic, user-friendly DeFi ecosystems.
What is Nimbus?
Nimbus is a year-old FinTech company with solid credentials, which has been serving a 50,000 strong community by delivering blockchain-based financial solutions. After having managed to grow at such a rapid pace in a short time, it has taken a big leap to create its own DeFi ecosystem that combines all the good practices followed by traditional as well as decentralized finance.
Set to go live on December 21, the Nimbus DeFi ecosystem will offer 10 earning strategies for users in one spot, all accessible via one single token that gets listed the same day on Uniswap exchange: NUS token.
The ecosystem will consist of 4 different dApps opening up 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 capable of generating revenues, but in a decentralized setting.
While these four dApps are driven by three tokens, each of them within the ecosystem are controlled by the Nimbus DAO. The project’s direction itself is decided by the holders of its GNUS governance tokens, which also entitles them to receive a share in the platform’s revenues.
The Nimbus dApps
The four dApps on the Nimbus ecosystem include:
- 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 anyone to benefit from stock acquisition, which is something close to impossible in a conventional setting. But now it is possible in crypto, without extra brokerage fees or tiring paperwork.
- Nimbus Crowdfunding dApp – This unique tool provides users with access to startup equity and convertible notes of future unicorns in an early stage. Users can enjoy even higher efficiency of investment as the dApp provides access to a diversified portfolio of carefully vetted startups and the funds are distributed automatically upon startup KPIs. This mitigates the risks of funds misappropriation and ramps up the profitability.
- Crypto Arbitrage Trading – a decentralized version of Nimbus’ already popular trading app which has been deployed to 50,000 users. It’s sparked a fast growth of the Nimbus community which already testifies for its success. But the dApp version is going to become even more efficient and beneficial for users!
- P2P Lending dApp – This tool leverages both tried-and-true traditional lending mechanics and the best practices in DeFi. It provides different lending and borrowing options based on risk-adjusted criteria and enables direct users matching per location.
Destroying the entry barriers to investment opportunities
An example of true democratization of financial markets, the Nimbus Ecosystem makes it possible for users to put every penny to efficient use. Participating in IPOs through the Nimbus IPO Hub or investing in promising startups with Nimbus Crowdfunding starts with minimal crypto investment sums, which ensures that everyone with an interest can now become an investor with whatever funds they can spare.
Risk mitigation and reward optimization through cutting-edge tech
Further, the risks generally associated with such investments are mitigated to a large extent, thanks to liquidity pools and Smart contracts that ensure the investments in startups and projects are used for the right things. It also implements sophisticated evaluation criteria similar to the ones followed by venture capital firms to shortlist the projects which will be followed by a community voting process involving GNUS holders to pick the eligible startups to be included in the dApps pools.
The best of Traditional and Decentralized Finance
Meanwhile, the Nimbus project is relentlessly working towards expanding its offering by listing more proprietary and third-party dApps. These dApps, combined with the platform’s plan to procure 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 audience. Few other DeFi projects that are on the drawing board could provide additional asset classes and investment products like Pre-IPO Secondary Markets Share Participation and more. Users can readily adopt these products without worrying about their reliability as all smart contracts implemented by the platform are audited by the likes of Zokyo and received a great security score.
Nimbus DeFi at Last!
The Nimbus DeFi project is finally set to go live on December 21. That’s when the first two dApps will go live and when users can buy the NUS token on UniSwap at a beneficial price.
Image by Tomislav Jakupec from Pixabay