Thread by @CryptoDanvans

This will be a 3 part thread on @nolus each part daily 😁

1st- what the chain is

2nd- why #Nolus is different

3rd-Tokenomics

Keeps it more simple.. 🫡

1/🪡

#Cosmos #Crypto #Defi #IBC

Firstly Nolus is a #Cosmos SDK built chain using the Tendermint BFT consensus (Byzantine-fault-tolerant)

Making it a Proof of stake Network

Interoperable using #IBC
(Inter Blockchain Communication)

2/

Nolus is a Defi leasing Protocol that allows you to lend or borrow on the Platform.

Which means locking in collateral in a smart contract to receive a loan.

You’ll be able to borrow up to 150% on your original down payment.

3/

While holding full ownership of your leveraged assets, lower margin calls and total costs

Average Liquidation in markets is around 37.5% from the borrower price
While with Nolus it will be 40%

4/

Like most Chains In #Cosmos Nolus will have a native Token called $NLS

This token will be used to secure the chain and govern the chain

I’ll explain more with tokenomics thread

5/

I wanted to quickly highlight the part around ownership of assets.

When you normally use exchanges for loans or futures market etc
You don’t retain ownership of them assets and pay high interest rates- up to 40% in some cases

#Nolus is the polar opposite

6/

For example if you look at the picture below

You can see if I deposit 500 $Atom
I will get 1,250 $Atom lock in a smart contract

$Atom price $11.47
Leases amount- $8,602
Daily interest- 0.026%
liquidation Price- $7.08

7/

This covers the basics of #Nolus

Please make sure to check out their page

Theres Currently a LEASE-DROP Campaign going on🔥🎁

Go and get involved 🌌

To be continued…
8/

Guys it’s @NolusProtocol it tagged the wrong account