30s Summary

Nolus Protocol offers the potential for safe zero-interest borrowing and risk management in the DeFi space, challenging traditional banking. The “DeFi Lease” model allows up to 150% financing, reducing margin call risks and boosting investment returns. It features a cap on interest rates linked to liquidity pool utilization, borrow-tap-global liquidity pools for superior positions, a partial liquidation engine for loss control, and connectedness to decentralized exchanges for efficient trading. The protocol aims to ensure user safety, cost predictability and economic proficiency in blockchain investments.

Full Article

Nolus Protocol brings cool new features to the crypto world, like zero-interest borrowing and advanced ways to manage risk. This is big news for decentralized finance or DeFi, and insurance.

DeFi is creating new ways for people to borrow, lend, and invest. The great thing is you don’t need traditional banks. Due to its openness, easy access, and innovative system, more people are turning to DeFi for a better control over their money through blockchain tech.

But DeFi is not without challenges, especially for users who want to maximize their profits. Controlling the risks that come with a sudden market shift is a big hurdle.

Many DeFi platforms can’t handle the risks well. If market conditions change quickly, users might lose all their money, and borrowers can be forced to sell at a loss. Add to this issues like changing interest rates and slippage during trades, and it becomes tough for users to manage costs.

Enter Nolus Protocol. It builds bridges between traditional finance and DeFi, presenting new ways of borrowing and lending using cryptocurrency. Nolus’ “DeFi Lease” model lets you gain big with little upfront cash.

Unlike other DeFi platforms, Nolus puts users first by focusing on safety and flexibility. Nolus allows up to 150% financing based on what you have as collateral. This reduces the risk of margin calls and helps increase your returns on your investments.

What’s more, Nolus is running a special promo of zero-interest borrowing till Nov. 1, allowing borrowers to save. Even though it’s for a limited time, it’s a sweet deal for users to earn big without extra interest costs.

Nolus also has global liquidity pools, similar to money markets, letting you borrow for bigger positions. By getting assets from liquidity providers, you control more assets than your initial cash, creating exciting investment opportunities.

Nolus has a unique feature – the partial liquidation engine – which decreases margin call risks. Instead of liquidating everything during a volatile market condition, Nolus performs partial liquidations, ensuring that borrowers don’t lose everything and protecting liquidity providers from extreme losses.

Nolus also uses a fixed-interest rate system connected to its liquidity pools. If utilization goes up, interest rates go up as well but have a cap to avoid high borrowing costs. This gives users predictable and transparent costs, unlike the fluctuating rates on many other DeFi platforms.

Nolus gets assets from decentralized exchanges, so borrowers need to consider onchain liquidity and slippage. On the plus side, high liquidity reduces slippage, lowering total costs when carrying out trades or maintaining big positions. This efficiency is key to making the “DeFi Lease” model cost-effective.

Nolus Protocol is a standout in the DeFi scene, offering safer and adaptable financial models compared to the usual onchain leverage protocols. Thanks to 150% financing, fixed interest rates, and stellar risk management, Nolus becomes a top pick for borrowers and liquidity providers.

Source: Cointelegraph