Gamepost.io
  • News
  • Developers
  • NFT
  • Metaverse
  • DeFi
  • Education
  • Glossary
  • Press Release
Reading: Cosmos-Based Defi Protocol Nolus Raises 2.5M to Build the First Cross-Chain Defi Lease
Share
Aa
Gamepost.ioGamepost.io
Search
  • News
  • NFT
  • Metaverse
  • DeFi
  • Education
  • Events
  • Bookmarks
  • Contact
  • Contributors
Follow US
© Gamepost.io
DeFi

Cosmos-Based Defi Protocol Nolus Raises 2.5M to Build the First Cross-Chain Defi Lease

Gamepost
Last updated: 2023/05/02 at 8:46 PM
Gamepost
Share
3 Min Read
SHARE

The Nolus DeFi Lease provides up to 150% financing on the initial investment with a lowered margin call risk and access to the underlying leveraged assets.

Nolus, an interoperable application on Cosmos, has secured $2.5 million in pre-seed and seed funding to tackle inefficiencies in DeFi money markets.

The recently concluded $20 million valuation seed funding is backed by Dorahacks, Everstake, Cogitent Ventures, Token Metrics Ventures, and Autonomy Capital, among others, and will allow Nolus to fully complete the technological backbone and further expand the platform both within and outside the Cosmos ecosystem. The Advisory Board members Zaki Manian, Strangelove, and Shane Molidor will ensure Nolus solidify its cross-chain presence.

The novel DeFi Lease solution by Nolus unlocks the full potential of crypto money markets by reducing the industry’s steep over-collateralization requirements, resulting in significantly improved capital efficiency and much more favorable lending options for users. The Nolus DeFi Lease provides up to 150% financing on the initial investment with a lowered margin call risk and access to the underlying leveraged assets through whitelisted yield-bearing strategies. With the added support of liquid staking derivatives, the Nolus protocol will create a cornerstone use case for LSDs for the Cosmos ecosystem in the form of self-repaying loans.

About Nolus

Nolus defines a money market between lenders looking to earn yield on deposited stablecoins and borrowers looking to amplify holdings with more assets than their current equity at lower risk and retained ownership.

The Protocol utilizes a semi-permissioned PoS blockchain built using the Cosmos SDK and a WASM smart contract engine that executes in an isolated sandbox model focused on interoperability, security and performance. Interoperability itself is at the core of Nolus’ offering as the Protocol utilizes IBC and Interchain Accounts to tap into a diverse set of liquidity hubs without creating fragmentation across chains.

After months of testing, Nolus will open its public mainnet in May.

Website | Twitter | Discord

Contact

Marketing and Communications
Nolus Protocol
comms@nolus.io

Related

You Might Also Like

IN: Bringing Blockchain Gaming and DeFi To The Multiverse

Option trading has never been so easy. Brightpool Finance launches IDO

Next Block Expo – The Warsaw Summit 2023

GameFi: Understanding the Future of Gaming and Finance

Imperial Deals, an emerging DeFi platform, launches a market invasion with the help of an ancient army of Roman warriors

TAGGED: Cosmos, DeFi, Nolus
SOURCES: Chainwire
Share this Article
Facebook Twitter Email Print

New Releases

- Advertisement -
Ad imageAd image

Trending Stories

News

New AI Memecoin Shiba Memu Raises $798K in Nine Days

July 15, 2023
News

Xsolla Launches Mall, An Online Destination For Video Games

September 19, 2023
GameFi

Imperial Deals, an emerging DeFi platform, launches a market invasion with the help of an ancient army of Roman warriors

January 18, 2023
News

10 Must-Play Virtual Reality Games for an Immersive Experience

February 3, 2023
News

$KING, Solana’s Answer To Ethereum’s $PEPE, Lists on BitMart Exchange – Chainwire

May 8, 2023
blockchain gaming
News

Will the Growth of Blockchain Technology Positively Affect the Gaming Industry?

June 13, 2023

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

Follow US on Social Media

Facebook Twitter Instagram Linkedin
Gamepost.io

More from Gamepost.io

  • Contact
  • Privacy Policy
  • Advertising
  • Subscribe
  • Submit a press release
Welcome Back!

Sign in to your account

Lost your password?