People, institutions and governments around the world are deliberating whether Decentralized Finance or DeFi will revolutionize the financial industry. More and more, individuals are using Crypto on a daily basis and businesses are accepting it instead of traditional hard currencies. Entirely electronic, Crypto is proving to be highly flexible and resistant to chaotic fluctuations. At the same time, DeFi is developing as an effective way for many individuals and entities to manage their Crypto assets and generate rewards on their own terms.
The Nimbus platform is based on blockchain technology, using cryptocurrency and decentralized finance strategies. While both Crypto and DeFi are subjects of controversy as they become established, Nimbus seeks to provide a safe and valuable platform for users to access and participate in the new financial world.
“We are now for the first time as a society starting to move away from the absolute need for an institution of any kind as part of a transaction,” explains Alex Lemberg, Nimbus CEO. DeFi enables financial independence by completely eliminating intervening entities, such as banks. Instead, they allow direct peer-to-peer exchanges without third-party intervention, and importantly, without third-party transaction fees.
Nimbus operates a cross-chain DeFi platform using Smart Contracts, or electronic contracts designed to bind both parties to an agreement. These contracts complete a transaction only when specific conditions are met, ensuring that assets will be released only when these steps are fulfilled. Since Smart Contracts are transparent, parties of the transaction can see requirements and requests without any potential loopholes or miscommunications.
After the first layer of Smart Contract security, Nimbus tries to ensure that every part of any transaction – peer-to-peer or customer-to-business – is completely transparent and secure.
In particular, Nimbus has addressed the threat of hackers with a systematic defense. The platform offers white hat hackers a bug bounty, encouraging individuals to find weaknesses in the system and report them to the company.
Furthermore, as a cross-chain company dealing with electronic currency, it does not have hard assets that can be stolen, no physical currency to be looted, nor a digital “vault” to be hacked.
On the Nimbus Platform, there are many options for users to explore and generate value, from staking in liquidity pools to the expanding array of decentralized applications. Nimbus is continually updating and adding to its dApps to keep up with users’ needs and is committed to seeing that its products and tokens comply with local cultural laws. This ensures that the platform stays at the forefront of DeFi innovation.
Users can expect a positive online experience and applications that let them explore DeFi solutions at their own pace. Nimbus meets these expectations while providing secure, easy, and trouble-free transactions.
All new and experienced users should be able to take advantage of the DeFi market, and Nimbus aims to be the platform of choice for those who are interested in starting or continuing their journey in the DeFi world. Both the DeFi industry and its different platforms are growing at an exponential rate. Only the most innovative platforms will succeed, and Nimbus promises to lead the field – bringing its users with it.