Nolus NLS

1. Summary

Ranks

Liquidity

72

Developer

14

Social

61

Momentum (beta)

0

Stack Rank™

-

Price

$0.01 -1.0%

Market Cap

$4.98M (#2061)

Supply

391.35M / 878.30M

Tags

Cosmos Ecosystem Ethereum Ecosystem Osmosis Ecosystem

More Metrics

Price
52W High price	$0.10
52W High date	18th Feb 2024 (9 months ago)
All Time High (ATH) Date	16th Feb 2024 (9 months ago)
ATH Price	$0.10
% From ATH	-85.97%
All Time Low (ATL) Date	27th Oct 2024 (3 weeks ago)
ATL Price	$0.01
% From ATL	15.71%

Supply & Trading Volume
Trading Volume (24h)	$5,909.00
Total Supply	878.30M
Max Supply	1.00B
Circulating Supply	391.35M

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Description

Nolus Protocol

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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.

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