30s Summary

Nolus, a DeFi platform, has launched DeFi Lease, a system that allows people to manage assets at fraction of the cost, lowering the financial entry barrier. Its flagship solution, Smart Leverage, allows users to increase their positions via partially collateralised loans, enhancing exposure and offering favourable terms. The DeFi Lease model, facilitated by Smart Leverage, enables expansion of crypto exposure by leveraging an initial deposit. Its ability for partial liquidation offers stability and flexibility. The system’s effectiveness is demonstrated by significant growth, with its TVL spiking to $5m in two months and transaction volume increasing six-fold to reach $90m.

Full Article

Nolus, a DeFi platform, has introduced the DeFi Lease with its Smart Leverage feature, a cool combo of flexible borrowing options plus practical strategies to lessen risks. In theory, Decentralized Finance (DeFi) is a great idea, but to hit the mainstream it needs to overcome some issues. Right now, it asks too much collateral, the markets bob up and down like crazy, and leveraging is a mess. These problems turn people off and risk them unnecessarily.

Enter DeFi leasing. It’s a system that lets people manage assets at a fraction of the cost, and it’s a way to make DeFi way more usable by lowering the financial bar to entry. If you don’t have a ton of cash to yo-yo in and out of DeFi, this method allows you to get involved without needing a giant investment upfront.

Nolus’s flagship solution, Smart Leverage, introduces innovation to bring DeFi closer to everyday use. It’s all about flexibility and functionality, inspired by commonplace leasing models. Essentially, it’s like leasing a car – you have access to the asset without paying all the cost upfront. You keep control of the asset while paying in stages. Smart Leverage applies this concept to DeFi, letting you increase their positions via partially collateralized loans, enhanced exposure and good terms are on offer.

By using Smart Leverage, Nolus gives you the DeFi Lease: a model where you can expand your crypto exposure by leveraging your initial deposit. The deposit and loan are locked-in with a “smart contract” acting as collateral, while fixed terms give you predictability and stability.

Smart Leverage keeps its versatility with a wide touchscreen of opportunities. Depositing 1,000 USDC, they lend you another 1,000 USDC to acquire double the amount of a cryptocurrency like Cosmos (ATOM), all being used as collateral. Alternatively, you can leverage short positions to cash in on price drops while keeping a fixed loan obligation.

In case of market downturns, Nolus uses ‘partial liquidations’ – selling off a part of the collateral to keep positions steady and avoid financial strain. This gives you the chance to recover, highlights how the DeFi Lease balances the need for stability with flexibility.

Nolus’s growing success is in its numbers. In just two months, its total value locked (TVL) spiked x5 to $5 million, while transaction volumes shot up x6, totalling $90 million. The Nolus token, NLS, also plays a part in the economy of the network. A recent buyback of 4 million NLS tokens has counterbalanced blockchain inflation by a factor of two, reducing external benefits. This buyback strategy is aimed to boost the value of the token and reinforce long-term protocol growth, underlining the dedication Nolus has in creating a sustainable DeFi network.

The proof is in the pudding: Nolus adapts quickly in volatile market conditions, shown by how it handles big liquidation events. For example, during a huge $2.3 billion worldwide liquidation event, the platform limited losses to just a few partial liquidations across one asset class — a tiny 0.83% of all active positions — proving its worth in decreasing financial risks for the user.

Looking forward, Nolus is planning a decentralized financial system filled with value, security, and innovation. Its consistent growth, resilience during market challenges, and user-focused solutions show it’s on the right path.