The existing financial system has a lot to offer. However, it cannot be offered to everyone and its effectiveness sometimes leaves much to be desired. But the good news is that there is a bold alternative called DeFi (short for Decentralized Finance) that offers solutions to customer pain points.
DeFi is the future
With DeFi, people around the world could stop feeling financially excluded. They could stop risking losing their hard-earned funds due to risk appetite, mistakes, and fraud by financial institutions.
In fact, they might even forget the centralization problems that make important decisions, and their outcomes, one-sided. As? Find the answer below.
First of all, what is decentralized finance?
DeFi aims to provide alternatives for many traditional financial products and services, such as trade, loans, investment opportunities, while replacing their shortcomings and opening the system for everyone.
It also creates an infrastructure for crypto assets to be used instead of being in users’ wallets. But the main feature of DeFi is how it reinvents the underlying mechanisms of financial solutions and increases their efficiency through decentralization and cutting-edge technology. These are some of its highlights:
1. Optimization of risks and benefits through decentralization and automation
At DeFi, users have complete control and information over their own assets. This means that their funds cannot be invested in risky initiatives without their knowledge. Furthermore, its funds cannot be blocked because the central party or the government so decides. Instead, users see all the necessary data about financial products transparently on the blockchain and make the best decisions about how to use their funds themselves.
2. Numerous ways to profit and put cryptocurrencies to use
DeFi also offers tons of opportunities to make a profit while still keeping your crypto! This can be done without the need to meet rigorous requirements, as in traditional finance, so even the 1.7 billion unbanked are welcome.
3. Become shareholders instead of passive users with DAO
Many DeFi projects launch DAOs (Blockchain-based Decentralized Autonomous Organizations) that allow users to become a kind of shareholder and vote on how these DeFi solutions work and evolve, in addition to obtaining the revenue generated from those solutions.
How does it work? Challenges to overcome!
All in all, DeFi offers users more freedom to participate in the solutions they need under the conditions of their choice and in a decentralized manner, with no hidden risks and brokerage fees. At least that’s what DeFi claims to offer … But is this how it really works?
Why haven’t we all switched to DeFi yet?
It is considerably a new concept. You will need to better adapt to the client’s needs and figure out a few things on your way to maturity:
A. Few DeFi Projects Offer Realistic Revenue Generation Models for Users
Many projects offer users to make money out of thin air, for example, game theory. Which means that you put money in and withdraw more, without understanding what it is that makes the sum appreciate. These revenue-generating models might not be sustainable in the long term, and it’s no wonder they scare off many users.
B. DeFi still lacks user-friendly, holistic ecosystems
While a bank can offer you a complete package of solutions to manage your money and multiply it in many ways, the same offerings on DeFi are still not that common.
Therefore, users must switch between different solutions and pay repetitive fees, spend time on research and registration, and take the risks of leaving sensitive information on multiple platforms.
C. Few DeFi projects are fully audited and compliant, limiting growth
Since all financial products in DeFi are based on smart contracts that execute transactions automatically instead of company employees, you need to make sure they do it correctly.
In addition, you also want to be sure that what the DeFi project does is compliant with the law and no one will come chasing the team with all users running away and locking the system.
But eventually, a few bad apples certainly won’t be what makes up the group. There are some good DeFi solutions taking off these days that address these shortcomings.
Take Nimbus, an established Fintech company now entering DeFi and aiming to focus it and make it more user-friendly and efficient for ordinary users.
Nimbus as a promising next step for DeFi adoption
So Nimbus is an established Fintech company with a renowned team and a one-year track record of providing blockchain-based financial solutions to 50,000 users.
In the coming days, it will launch a new DeFi ecosystem that could well be at the forefront of DeFi for years to come. Why? Because Nimbus combines all the best practices of traditional and decentralized finance and addresses the pain points of DeFi users in a holistic way.
In addition, it is led by an experienced team with a highly relevant background.
Meet Nimbus: Everything in One Place
In the coming days, Nimbus launches an ecosystem of four dApps and three tokens; all managed by DAO for maximum user benefits. But what is special about it?
First of all, with Nimbus, Users can forget about implausible reward generation models that only a few people can trust or even understand.
Beneath the surface of DeFi, every Nimbus dApp has a clear revenue generation process behind it. Most of its dApps are attached to traditional financial products and tools that have proven themselves for decades.
With Nimbus, those products will not only be available to crypto for the first time, but their risks will also be mitigated thanks to DeFi mechanisms.
The two most promising dApps
Once fully launched, the Nimbus ecosystem will consist of four dApps. Here are the two most promising for the beginner:
1. With Nimbus IPO hub dApp, users with any crypto amount will have an unprecedented ability to participate in IPOs through liquidity pools.
IPOs will be carefully scrutinized and then voted on by Nimbus DAO participants. All relevant IPO analysis will be in one place for users to make their own decisions.
Therefore, all that users will have to do is choose the amount of crypto they want to put into the IPOs and start earning their percentage. No additional brokerage fees, no additional registrations, pure efficiency.
2. Nimbus Crowdfunding dApp will be a unique decentralized tool that will allow anyone with crypto to participate in seed funding in a fully compliant and regulated manner.
Users around the world will finally have access to convertible notes and seed capital, regardless of their quantity or available background.
In fact, thanks to the mechanics of the liquidity fund, the risks and benefits of such participation in crowdfunding will be optimized. And since funds will be automatically distributed to startups under certain conditions, the risk that start-up funding will not work properly is also mitigated.
Nimbus will also launch another 2 dApps. The Crypto Arbitrage-Trading dApp, whose centralized version has already been used by 50,000 users, and the P2P Lending dApp, which provides more flexibility and risk management opportunities for users than many loan dApps out there.
An ecosystem, a token
But what is even more important is that all these dApps will be placed within an ecosystem with a single token, NUS, which provides access to all of them.
In 2020-2021, Nimbus users will enjoy 10 groups and products with different earning strategies, all in one place accessible through the NUS token launching in December 2020.
But in the long term, Nimbus aims to add even more proprietary and third-party dApps and become a one-stop-shop that connects digital assets with investment products for global users.
Is that even possible? With FINRA’s broker license, the NFA and SEC licenses that Nimbus intends to receive, it is. With them, Nimbus will be able to provide additional asset classes and investment products, such as participation in secondary market equities before the IPO, something no ordinary person has access to today.
However, using dApps is not the only opportunity for users to participate in Nimbus.
Therefore, to ensure that users have real control of the Nimbus platform and enjoy additional capabilities for revenue generation, Nimbus launches Nimbus DAO and a governance token, GNUS.
With GNUS, anyone can have the ability to participate in the management of the Nimbus platform and receive their revenue share. In particular, only 10% of the governance tokens will be left to the Nimbus Organization, allowing for true decentralization of control.
But can Nimbus deliver all of this?
Nimbus has been around for a year and the amount of 50,000 users it has managed to accumulate speaks for itself.
The international Nimbus team is made up of renowned professionals with a high reputation; including former senior executives of today’s largest international corporations, such as Huawei.
In this way, said team covers all the areas of expertise necessary to be successful in the launch, including Cryptocurrencies, Blockchain, DeFi, AI / ML, Finance and Cyber Security.
Additionally, the company has pending audits from leading smart contract auditing firms such as Zokyo and settlement liquidity providers. In addition to the ongoing EU crowdfunding license.
But, what is more important; Launching a DeFi ecosystem for Nimbus is not a way to follow expectations or receive quick wins for the team. It is a way of fulfilling the Nimbus mission in the most effective way and the team maintains its standards as high as before.
The opportunity to participate is now
And, the best news is that, the Nimbus DeFi ecosystem will go live in December 2020 and anyone can participate!
At this time, Nimbus is finalizing the development and auditing of its DeFi functionality and additionally; It is preparing for the launch scheduled for December 2020.
Within the launch, Nimbus will list the first of its three tokens, the NUS token, on Uniswap. This token will be necessary to receive access to any other functionality that the platform has in the store; either another two tokens or participation in the four dApps that will be launched in December 2020 or later in 2021.
So this is your last chance to participate in this project and be the first to benefit from its launch; along with 50,000 other users who are eager for the launch.