Nolus

Ethereum

Defi

Bitcoin

DeFi

<h4><strong><span id="input-sentence~0">Nolus is bringing some fantastic changes onboard. They’re about to add support for Bitcoin (BTC) and Ethereum (ETH).&nbsp;</span></strong></h4>
<p>These additions to <a href="https://x.com/NolusProtocol" target="_blank" rel="noopener noreferrer nofollow">this platform</a> will give users more ways to borrow and earn.<span id="input-sentence~1"> Nolus continues its mission of lowering risk for everyone involved. Let’s dive right into it.</span></p>
<h5><strong>What’s Nolus Doing?</strong></h5>
<p>Nolus will introduce BTC and ETH as base currencies in a few weeks. This means you’ll soon be able to borrow against these assets, create long and short positions, and earn extra money from connected liquidity pools.<span id="input-sentence~2"> Whether you think prices will increase or decrease, with Nolus, you will still make a profit.</span></p>
<p>And the best part?&nbsp;Nolus doesn’t need you to lock up these assets, so you can close your positions whenever you’re ready – pay off your loan, and you’re good to go.<span id="input-sentence~3"></span></p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">Short the rumor, Long the news <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f505.png" alt="🔅" class="wp-smiley" style="height: 1em; max-height: 1em;"></p>
 <p>Starting today, you can leverage short stATOM on Nolus</p>
 <p>Here’s what it means for you: <a href="https://t.co/I3OgiwGVlg" rel="noopener noreferrer nofollow">pic.twitter.com/I3OgiwGVlg</a></p>
 <p>— Nolus <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f505.png" alt="🔅" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@NolusProtocol) <a href="https://twitter.com/NolusProtocol/status/1833906905007169566?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 11, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>These upgrades come right after Nolus secured more funding, pushing its total raised capital to $3.5 million. NLS, its native token,<span id="input-sentence~4"> has $4.9 million in marketcap.</span></p>
<h5><strong>Earning with Nolus</strong></h5>
<p>Here is the thing: It has a much better system than regular DeFi platforms. Many DeFi platforms only allow you to borrow 75% of your collateral (money kept aside for security).<span id="input-sentence~5"> Even at that, most users borrow half of that amount to avoid losing their money to the volatile <a href="https://www.altcoinbuzz.io/?s=crypto+market" target="_blank" rel="noopener noreferrer nofollow">crypto market</a>. </span></p>
<p><span id="input-sentence~5">But Nolus is different. It lets you borrow up to 150% of your initial deposit. They combine your collateral and loan into a smart contract.</span><span id="input-sentence~6"> It creates a flexible system for users, making them more money. Nolus token NLS also provides extra rewards for its users.</span></p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">Looks like <a href="https://twitter.com/NolusProtocol?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@NolusProtocol</a> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2600.png" alt="☀" class="wp-smiley" style="height: 1em; max-height: 1em;"> added short leases to their platform<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9be.png" alt="🦾" class="wp-smiley" style="height: 1em; max-height: 1em;"></p>
 <p>One <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4a1.png" alt="💡" class="wp-smiley" style="height: 1em; max-height: 1em;"> could be to short <a href="https://twitter.com/search?q=%24stAtom&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$stAtom</a> with 2.5x leverage (0% apr lease) on Nolus and long <a href="https://twitter.com/search?q=%24dAtom&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$dAtom</a>– <a href="https://twitter.com/search?q=%24atom&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$atom</a> High Leverage Strategy on <a href="https://twitter.com/mars_protocol?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@mars_protocol</a> <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f534.png" alt="🔴" class="wp-smiley" style="height: 1em; max-height: 1em;"> for a delta neutral 3x droplet farming strategy earning net~21% apr. <a href="https://t.co/SRkkqNxX4G" rel="noopener noreferrer nofollow">https://t.co/SRkkqNxX4G</a> <a href="https://t.co/xQnJsljoRw" rel="noopener noreferrer nofollow">pic.twitter.com/xQnJsljoRw</a></p>
 <p>— Integrated Dyno<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9ec.png" alt="🧬" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f500.png" alt="🔀" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@fluffy_trex) <a href="https://twitter.com/fluffy_trex/status/1834162421050536217?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 12, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h5><strong>Why Add BTC and ETH?</strong></h5>
<p>BTC and ETH are two of the biggest cryptocurrencies out there, and adding them to Nolus will open up many new opportunities.<span id="input-sentence~7"> Users can now:</span></p>
<ul>
 <li><strong>Go long: </strong>Deposit ETH, borrow stablecoins, and use those to buy even more ETH if you think its price will rise.</li>
 <li><strong style="color: var(--td_text_color, #111111); font-family: var(--td_default_google_font_2, 'Roboto', sans-serif); font-size: 16px;">Go short: </strong>If you think the market is going south, borrow stablecoins and short ETH to repurchase it later.</li>
 <li><strong>Hedge: </strong>Ensure that other trades in the market are safe by availing of these strategies as a hedge. This makes it worthwhile in both bullish (optimist) and bearish (pessimist) conditions.</li>
</ul>
<h5><strong>More to Come</strong></h5>
<p>Nolus has more future updates since they aim to take up a more significant share of the Defi lending market. With higher earning potential and lower risk, Nolus is developing new DeFi products.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">That’s great seeing <a href="https://twitter.com/NolusProtocol?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@NolusProtocol</a> keeps shipping whether it’s bull or bear<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2728.png" alt="✨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/DJ5osCs7HN" rel="noopener noreferrer nofollow">https://t.co/DJ5osCs7HN</a> <a href="https://t.co/w3iXuF3dYI" rel="noopener noreferrer nofollow">pic.twitter.com/w3iXuF3dYI</a></p>
 <p>— <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/269b.png" alt="⚛" class="wp-smiley" style="height: 1em; max-height: 1em;"> Cosmos Ecosystem <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/269b.png" alt="⚛" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@CosmosEcosystem) <a href="https://twitter.com/CosmosEcosystem/status/1834145597387141172?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 12, 2024</a></p>
</blockquote>
<h5><strong>Conclusion</strong></h5>
<p>Based on Nolus’s design and characteristics, it is clear that the project will help alter current DeFi lending systems. During Nolus’s development, it has been evident that it is working towards creating healthy novel approaches. For those who want to reform their DeFi approach, the new upgrades Nolus offers could be the key to better earnings.</p>
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<h6><strong>Disclaimer</strong></h6>
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p>
<p>The post <a href="https://www.altcoinbuzz.io/bitcoin-and-crypto-guide/nolus-to-add-btc-and-eth-support-in-major-upgrade/" rel="noopener noreferrer nofollow">Nolus to Add BTC and ETH Support in Major Upgrade</a> appeared first on <a href="https://www.altcoinbuzz.io" rel="noopener noreferrer nofollow">Altcoin Buzz</a>.</p>

Nolus to Add BTC and ETH Support in Major Upgrade

Altcoin Buzz

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