The term FinTech – short for financial technology – is relatively new and is becoming popular thanks to a more than ten year old revolution in cryptocurrency. The latest development in the blockchain-based FinTech industry is decentralized financing (DeFi). What makes DeFi special is the potential to offer alternatives to many traditional financial products and services at a fraction of the cost while reducing the barrier to entry.
DeFi solutions offer wealth creation opportunities and open access to financial services for everyone, regardless of economic stature. With DeFi, even those without a bank account or documentation can invest less than $ 20 and expect returns. They have also regained user control over their funds, which in a traditional setting would be in the hands of centralized financial institutions.
The current application of DeFi solutions extends to trading, lending, investing and more. In many of these areas they have proven to be more efficient than traditional options. In addition to low costs and high efficiency, this new technology also offers an unprecedented level of transparency and enables users to always remain in control of their assets. While DeFi is seen as the silver bullet that can potentially eliminate the “unbankedness” of the world’s population, it is still in the process of gaining wide acceptance.
To date, DeFi has not yet reached its potential. It has many shortcomings ranging from the lack of realistic and sustainable models for generating revenue to the lack of holistic solutions that meet user demands without having to switch between platforms. Few companies like Nimbus have identified and addressed these issues by creating holistic, user-friendly DeFi ecosystems.
What is nimbus?
Nimbus is a one-year FinTech company with solid references that serves a 50,000-strong community by providing blockchain-based financial solutions. Having managed to grow so quickly in a short period of time, it has taken a giant leap in creating its own DeFi ecosystem that combines all of the best practices followed by traditional and decentralized funding.
The Nimbus DeFi ecosystem will be available soon, offering 10 user earning strategies in one place, all accessible through a single token that will be listed on the Uniswap exchange on the same day: NBU token.
The ecosystem will consist of 4 different dApps that will provide access to P2P lending, 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 instruments that can generate income, but in a decentralized environment.
While these four dApps are controlled by three tokens, each of them is controlled by the Nimbus DAO within the ecosystem. The direction of the project itself is determined by the holders of its GNUS governance tokens, which also entitles them to receive a share of the platform’s revenue.
The Nimbus dApps
The four dApps in the Nimbus ecosystem include:
- Nimbus IPO Hub dApp – This platform enables users to participate in IPOs through liquidity pools. The IPO Hub enables anyone to benefit from the equity acquisition, which is almost impossible in a conventional environment. But now it is possible in crypto without additional brokerage fees or exhausting paperwork.
- Nimbus Crowdfunding dApp – This unique tool gives users early access to seed capital and convertible bonds from future unicorns. Users can achieve even greater investment efficiency as the dApp provides access to a diversified portfolio of carefully vetted startups and the funds are automatically distributed with startup KPIs. This reduces the risk of funds being misappropriated and increases profitability.
- Crypto Arbitrage Trading – a decentralized version of the already popular Nimbus trading app, made available to 50,000 users. It has sparked rapid growth in the Nimbus community, which already testifies to its success. But the dApp version becomes even more efficient and beneficial for users!
- P2P Lending dApp – This tool leverages proven traditional lending mechanics as well as the best practices in DeFi. It offers various credit and credit options based on risk-adjusted criteria and enables direct user comparison per location.
Destroying the barriers to entry to investment opportunities
The Nimbus ecosystem is an example of a real democratization of the financial markets and enables users to use every penny efficiently. Participating in IPOs via the Nimbus IPO Hub or investing in promising startups with Nimbus Crowdfunding starts with minimal crypto investment, which ensures that anyone interested can now become an investor with all available means.
Risk reduction and reward optimization through the most modern technology
In addition, the general risks associated with such investments are largely mitigated thanks to liquidity pools and smart contracts that ensure investments in startups and projects are used for the right purposes. In addition, sophisticated assessment criteria similar to those used by venture capital firms are implemented to shortlist the projects, which is followed by a community voting process with GNUS owners to select the appropriate startups to be included in the dApps pools .
The best of traditional and decentralized financing
In the meantime, the Nimbus project has been working tirelessly to expand its offering by listing more proprietary and third-party dApps. These dApps, along with the platform’s plan to acquire FINRA broker-dealer licenses, as well as NFA and SEC licenses, will help make Nimbus the much-needed bridge between digital assets and investment products for the global audience. Few other DeFi projects that are in the pipeline could provide additional asset classes and investment products like pre-IPO secondary market 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 companies like Zokyo and given an excellent security rating.
Finally Nimbus DeFi!
The Nimbus DeFi project should finally go into operation in the coming days. Then the first two dApps will go live and users can buy the NBU token on UniSwap at a low price.
Image by Tomislav Jakupec from Pixabay