Nolus Logo

Nolus NLS

Nolus header image

1. Summary

Limited data

  • 100% of the Nolus code repositories are forked (originally copied) from another project.

Ranks

Liquidity
83
Developer
-
Social
61
Momentum (beta)
40
Stack Rank™
-
Price
$0.03 -0.1%
Market Cap
$7.43M (#1452)
Supply
258.98M / 878.30M
Price
52W High price $0.10
52W High date 18th Feb 2024 (4 months ago)
All Time High (ATH) Date 16th Feb 2024 (4 months ago)
ATH Price $0.10
% From ATH -65.15%
All Time Low (ATL) Date 19th May 2024 (1 month ago)
ATL Price $0.02
% From ATL 80.55%
Supply & Trading Volume
Trading Volume (24h) $691,788.00
Total Supply 878.30M
Max Supply 1.00B
Circulating Supply 258.98M
Description

Nolus Protocol

Nolus Protocol

Nolus Protocol defines a money market between lenders looking to earn real yield on deposited stablecoins and borrowers looking to amplify their holdings with more assets than their current equity. The protocol is designed to work on a cash-basis model, where accrued interest from DeFi leases is distributed to lenders. Interest from leases is due for collection after specific periods and, if not paid, is automatically deducted from the active positions.

Core Features

  • DeFi Lease: Nolus allows borrowers to secure up to 150% financing on their initial investment, reducing over-collateralization requirements and improving capital efficiency. This financing model is inspired by traditional leasing, where customers can secure assets by paying a part of their total value upfront and acquiring full ownership after settling the loan. In Nolus, this translates to amplifying cryptocurrency holdings while maintaining a lowered margin call risk.
  • Interoperability and Security: The protocol utilizes a semi-permissioned Proof-of-Stake (PoS) blockchain built using the Cosmos SDK and a WASM smart contract engine. This setup focuses on interoperability, security, and performance. Interchain Accounts and the Inter-Blockchain Communication (IBC) protocol are used to tap into various liquidity hubs across blockchain networks, minimizing fragmentation.
  • Incentivization and Rewards: Lenders are incentivized by additional rewards above the initially agreed interest, with the release of NLS tokens from the Incentivization Pool. This mechanism attracts capital during early stages of development and adjusts in proportion to the protocol’s growing Total Value Locked (TVL).
  • Liquidations and Risk Management: Partial liquidations are implemented to mitigate the risk of significant losses for borrowers. This approach ensures the Loan-to-Value (LTV) remains within a healthy range, giving borrowers time to recover their positions and minimize collateral loss.
  • Token and Governance: The NLS token serves as a governance token, allowing staked token holders to influence the protocol’s future. Additionally, it is used to settle transaction fees and empowers users to access exclusive down payment options and reduced interest rates within the DeFi Lease.

Key Benefits

  • Improved Capital Efficiency: Nolus reduces over-collateralization requirements, making lending options more favorable for users.
  • Increased Accessibility: The protocol provides a user-centric, automated money market with high-speed onboarding and easy access to managing various cryptocurrencies and earning on idle stablecoins.
  • Enhanced Borrowing: Nolus offers partial liquidations and lowered margin call risk, making borrowing more secure and viable for users.
2. Price

NLS

2.1. Market Performance

How does Nolus's (NLS) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

-18.2%

NLS

-11.3%

Similar Market Cap

60 Day Return

-33.3%

NLS

-25.8%

Similar Market Cap

3. Developer Activity

We're monitoring 18 Nolus GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.

Weekly Commits (All Nolus Repos)

Commits vs. The Market

  • Past 4 weeks: 0 commits vs. an average of 1
  • Past 12 weeks: 0 commits vs. an average of 8
  • Past year: 0 commits vs. an average of 117

Most Active Repos

Past week
Past 12 weeks
Past year
Past week
Past 12 weeks
Past year
Past week
Past 12 weeks
Past year
Past week
Past 12 weeks
Past year
Past week
Past 12 weeks
Past year
Past week
Past 12 weeks
Past year

Top Developers 2024

In total, 0 developers have contributed to Nolus over the past year. Who are the most active Nolus developers, by commits, over the past year?

Related Projects

Developers working on Nolus also worked on these projects.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers
Active Reddit Users (past 24h)
Discord users 10,429
Active Discord Users 441
Telegram Users 3,897
Twitter followers 28,435
5. News

No recent news found.

7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://nolus.io/
Explorer https://explorer.nolus.io/
Twitter @NolusProtocol
Forum https://link3.to/nolus

Has Nolus been audited for security?

No security audits found for this project.

Are you the owner of Nolus? Edit it here

Subscribe for free

Investment alerts and insights directly in your inbox.

By continuing, you agree to the Stack Terms of Service and Privacy Policy.