Tuesday, 4 October, 2022
HomeThePrint ValueAd InitiativeNimbus: the best choice for leveraging decentralised finance

Nimbus: the best choice for leveraging decentralised finance

The Nimbus Platform is focused on providing financial solutions to any who need them, whether it’s a first time user or an experienced Crypto enthusiast, a user will find services that meet any of their needs. 

Text Size:

Innovation is something that has been constantly and strategically utilised by major entities in the financial world to advance, and stay out in front. Many things can cause dramatic shifts in the market, and in an industry of uncertainties, there are very few guaranteed facts. One of those is that stagnation will lead to failure and that staying ahead of competitors will ensure that an institution will succeed. 

Decentralised Finance, DeFi, is the newest innovation for this industry. DeFi has the potential for allowing an individual or institution to achieve complete financial independence while promising growth for any who choose to use it.

The Nimbus Platform is a blockchain-based company that specialises in DeFi solutions that are tailored to the individual’s needs. Whether through DeFi solutions or the unparalleled flexibility it cross-chain nature offers; the Nimbus Platform offers its users the chance for success they would never find elsewhere.  

One of the primary concerns that people have with DeFi and Crypto is the lack of third-party institutions. For years, the rule has been to use a bank or stockbroker for financial issues and many are reluctant to utilise solutions that don’t have tangible value. However, Crypto and DeFi are not alternatives to the given rules but are new pieces of technology that can be used to achieve great benefits. 

“It’s essential to understand that this movement to the blockchain isn’t something that we haven’t experienced before,” said Alex Lemberg, CEO of Nimbus Platform. “We have seen many phases of technology come and we have leveraged them”. Lemberg has seen new technologies be successfully leveraged to benefit businesses while simultaneously shaking up the industry. Adopting new ideas and technologies is crucial to succeeding in the industry and is the key to why traditional banking institutions remain influential. 

The Nimbus Platform offers a chance to take advantage of the growing DeFi market and it doesn’t discriminate on who gets involved. People from across the world have pegged their wallets to the Nimbus Platform. 

There is a sense of uncertainty about the DeFi market, something that Nimbus is seeking to fix. There are many new stories about Crypto and how it offers risk with no financial entity to back a person up should a particular coin collapse in value. However, this ignores the benefits that Crypto offers including complete independence from traditional institutions. This and the ability to avoid government intervention is a massive step for people across the world, particularly those in desperate economic situations. 

The staff at the Nimbus Platform are aware of these issues and the stigma that is attached to the Crypto market and has taken steps to adapt to these issues. The entire platform is based on Smart Contracts, electronic contracts that operate with complete transparency and activate only when certain conditions have been met. This allows for both parties to be completely aware of the makeup of a transaction while also eliminating any potentially exploitable loopholes. 

Additionally, enhancing the community experience for its user base is paramount with the Nimbus Platform. The platform encourages white hackers to look for weaknesses in the software in exchange for a bug bounty prize and is in constant contact with its community through major social media outlets like Telegram and Discord. Taking it a step further, the Governance token of the platform, the GNBU, is designed to ensure that users have a vote on the platform and the future of its ecosystem. Holders of this token also receive a share of all value from platform shares and the Nimbus Organization has capped its ownership of these tokens at 10 per cent, guaranteeing community control. 

The Nimbus Platform is focused on providing DeFi solutions to any who need them. Whether it’s a first time user or an experienced Crypto enthusiast, a user will find services that meet any of their needs. Options like Liquidity Pool Staking, NFT exchange, cross-platform interactions and lending and borrowing are all avenues provided by Nimbus. The platform’s goal of offering an intuitive experience that any user could step in and take advantage of has been delivered in a seamless way that provides the security and transparency that any user would want. 

The words of Nimbus CEO Alex Lemberg sums up the platform’s mission. “The theme and concept behind all of these things is that we’re a decentralized company. We want to actually push into the DeFi environment and help banking institutions and people to participate in that world.” The DeFi market will continue to grow and Nimbus will grow with it. 

(ThePrint ValueAd Initiative content is a paid-for, sponsored article. Journalists of ThePrint are not involved in reporting or writing it)


Subscribe to our channels on YouTube & Telegram

Support Our Journalism

India needs fair, non-hyphenated and questioning journalism, packed with on-ground reporting. ThePrint – with exceptional reporters, columnists and editors – is doing just that.

Sustaining this needs support from wonderful readers like you.

Whether you live in India or overseas, you can take a paid subscription by clicking here.

Support Our Journalism

Most Popular