The concept of Decentralized Finance or DeFi has taken the financial market by storm. DeFi has the potential to revolutionize the way that the financial industry operates, and many individuals and institutions are looking to it as the next big innovation for a market.
More users are adopting Crypto every day, and more companies are accepting it as tangible currency in place of more traditional hard currencies. Though it is entirely electronic, Crypto has proven highly resilient. Likewise, DeFi has proven to be an efficient and effective way for many to generate rewards on their own terms.
Nimbus is a platform that is based on the blockchain and utilizes the idea of DeFi as one of its founding principles. The Crypto market has seen its fair share of controversy as it has grown. Nimbus is seeking to prove that it is a safe and valuable platform for users to join and participate in the DeFi 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,” said Nimbus CEO Alex Lemberg. DeFi is the culmination of the financial independence that many crave. It completely removes such entities as banks from the equation and allows direct peer-to-peer contact without the need for a third party taking part, and crucially, taking a part of the transaction value in the form of a fee.
Nimbus, being a DeFi centered company, operates on Smart Contracts. Smart Contracts are electronic contracts that are designed to commence a transaction only when specific conditions are met. They are entirely transparent in design and the two interacting parties are able to see the requirements and requests provided without the presence of any potential loopholes to be taken advantage of.
Using Smart Contracts as the first layer of its security, Nimbus is determined to ensure that every part of a transaction, be it peer to peer or via business to individual, is completely transparent and secure. The very nature of Smart Contracts is tied to a specific series of steps needing to be completed. This safeguard ensures that the release of assets will not happen until these steps have been fulfilled, thus tying both parties to the agreement.
What about hackers? Nimbus has responded to this threat in a multifaceted manner. It already offers a bounty for white hackers in the form of the bug bounty, where individuals are encouraged to find weaknesses in the system and report them to the company.
However, it also has the strength that as it is an entirely blockchain-based company, it does not have physical assets to be stolen. There is no physical currency to be stolen nor is there a single digital “vault” to be hacked in order for someone to run away with all of the loot.
Nimbus offers a myriad of different options for its users to make use of. From staking in liquidity pools to garner value, to steadily innovating in the rapidly growing fields. Nimbus offers dApps for nearly any user’s desire and is constantly updating its list of applications. Tokens are available for use, and constant development ensures that the platform stays at the forefront of DeFi innovation. Nimbus is even working to create DeFi solutions and tokens that apply to local and cultural laws.
One of the key aspects a user can expect is that they can experience an environment that encourages them to explore at their own pace. Nimbus sees the customer experience and security to be the most important parts of a successful product, and they are committed to ensuring that every transaction is worry-free and easy to perform.
DeFi is a market that the individual can take advantage of, and Nimbus aims to be the first choice in platforms for those who are seeking to embark on their latest journey. Innovation is the key to success and both DeFi and the platforms that use it are growing at an astonishing rate. Prosperity is within reach for anyone who takes the leap and begins their DeFi adventure with Nimbus.