The Nolus Protocol is introducing an innovative approach to money markets through its unique Lease solution. It aims to contribute significantly to the further development of the DeFi space. Furthermore, it specifically targets inefficiencies within both centralized finance (CeFi) and decentralized finance (DeFi) money markets.
What Exactly is Nolus Protocol?
Nolus Protocol envisions a comprehensive financial experience by bridging the gap between Traditional Finance (TradFi) and Decentralized Finance (DeFi). Leveraging diverse financial instruments and the benefits inherent in decentralized finance, Nolus offers a seamless solution for managing various cryptocurrencies and earning on idle stablecoins.
The core objective of Nolus is to establish a user-centric, automated money market that generates significant value for all participants. Designed to be practical, straightforward, and cost-efficient, the Nolus Protocol aims to provide an accessible solution for everyone.
By fostering a secure and reliable environment driven by user experience on the Cosmos ecosystem, the protocol endeavors to narrow the divide from the core market of early DeFi adopters to the vast, untapped mainstream markets.
Nolus also facilitates a user-friendly, high-speed onboarding process to propel the adoption of digital assets. Users can transfer fiat from their bank accounts to the protocol in a matter of seconds through various channels like bank cards, SWIFT, SEPA, or ACH transfers. Subsequently, users can seamlessly swap between different digital currencies, earn on their holdings, and even apply for financing.
What are The Problems With Borrowing and Lending in Crypto Markets?
The industry grapples with a significant issue of over-collateralization, rendering lending options less favorable. The prevalent practice of requiring high levels of locked-up collateral hampers the market’s potential by tying up otherwise valuable capital, limiting its utilization for effective risk management.
Asset Ownership Dilemma
While leverage can enhance your equity stake without resorting to over-collateralized loans, it comes with a trade-off. Leveraged products don’t confer ownership of the underlying asset; they merely reflect its price movements. Moreover, this benefit comes at a substantial cost, often exceeding 40% per annum.
Risk of Liquidation
Whether opting for over-collateralized loans or engaging in futures contracts to pursue amplified gains, it’s crucial to acknowledge the elevated risk of liquidation. Both approaches carry the potential for swift and complete loss of equity, underscoring the importance of careful consideration and risk management.
How Does Nolus Protocol Solve Market Problems?
Experience the advantages of Nolus DeFi Lease. They offer up to 150% financing on your initial investment while mitigating margin call risks. Furthermore, it enhances accessibility to underlying leveraged assets through curated whitelisted strategies, all presented in a seamless user experience. Meanwhile, Nolus simplifies engagement with diverse liquidity pools. It eliminates the need to painstakingly build up your liquidity from the ground up. This facilitates immediate asset lending or swapping using any connected Decentralized Exchange (DEX).
Participating in the Nolus ecosystem can also earn tangible yield and rewards by lending stablecoins. Benefit from a cash-based interest distribution, dynamically calculated based on protocol utilization levels. Explore the flexibility of convenient top-ups and withdrawals tailored to your preferences.
Use Cases of the NLS Token in Nolus Protocol
The NLS token serves as a powerful incentive mechanism, offering users enhanced interest rates within the Nolus DeFi Lease.
Reduced Interest Rate: Staking NLS tokens enables users to enjoy reduced interest rates, with the magnitude of reduction contingent on the amount staked.
Down Payment Options: NLS token holders become eligible for exclusive down payment options, providing added flexibility and advantages.
Governance Empowerment: Functioning as a governance token, NLS empowers staked token holders to influence the protocol’s future, influencing crucial implementation details.
Transaction Fee Utility: NLS token holders play a pivotal role in the network’s operation as all fees associated with processing and validating transactions are settled using the NLS token. This ensures active participation and engagement within the Nolus ecosystem.
Where to buy NLS Token
You can find NLS Tokens here at MEXC! We are listing NLS/USDT in our Innovation Zone!
What is the Price of NLS Tokens?
The NLS Token is currently trading at MEXC with a live price of $0.05087. You can check the live price of their token right here!
How to buy NLS Tokens on MEXC
You can buy NLS Tokens on MEXC by following the steps:
- Log in to your MEXC account. Click on [Spot].
- Search “NLS” using the search bar to see the available trading pairs. Take NLS/USDT as an example.
- Scroll down and go to the [Spot] box. Enter the amount of NLS you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy NLS] to confirm your order. You will find the purchased NLS in your Spot Wallet.
You can find a detailed guide on how to buy NLS Tokens here.
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