Blockchain-Independent Decentralized Apps Becoming Reality

No matter how many times the media blocks Bitcoin and the rest of the crypto market, digital currencies always arise from the ashes, and each time it happens with stronger fundamentals.

DeFi gaining momentum

Corrections are part of any financial market, so recent volatility should not be misinterpreted as a burst of some great bubble. If governments wanted to ban crypto or make life more difficult for digital traders, they would have done it a long time ago, but this did not happen. Instead, countries are beginning to recognize Bitcoin as a legal tender.

Who knows, maybe in a couple of years the whole world will use DeFi applications to manage money, and use them in accordance with personal risk appetite, ethical standards and financial situation. Otherwise, why would Amazon look for employees with experience in the field of DeFi? Even banks are starting to offer customers storage and trading of DeFi tokens. If you haven’t heard yet, the Swiss-regulated cryptocurrency bank Sygnum now allows its clients to invest in Aave, Aragon, Curve, Maker, Synthetix, Uniswap and 1inch Network, as well as use other banking services using the USDC stablecoin.

The crypto industry, and especially the DeFi niche, continues to expand its use cases, functions and capabilities. One of the latest trends has been the development or deployment of so-called inter-chain bridges, which allow DeFi Apps to become independent of blockchains. In other words, users can now work between separate chains in one homogeneous ecosystem without losing the speed of operations and without paying additional transaction costs. In addition, cross-chain compatibility solves the issues of liquidity and price parity.

Then the question arises, how do projects include this interoperability?

Usually, the solution would be to create a protocol that would allow the transfer of value between different blockchains. Thanks to the outstanding minds in the DeFi industry, there are many approaches to solving this problem. Some of them include atomic swaps, “Wrapped Bitcoin”, “pTokens” and, of course, “Binance Smart Chain”. The latter is particularly popular because of its compatibility with the Ethereum Virtual Machine (EVM), as it allows developers to easily migrate their projects from Ethereum. It should be noted that BSC is an independent block chain that can work even if the Binance chain does not work.

Nimbus is now on BSC

One of the recent projects integrated with BSC was Nimbus, a DAO-managed dApps ecosystem that offers 16 earning strategies for users based on participation in IPOs, lending, crypto trading and much more. As its users struggle with high fees for Ethereum transactions, Nimbus has decided to bet on the Binance Intelligent Blockchain (BSC).

But why BSC?

In the first quarter of 2021, gas prices on BSC were almost 14 times lower than on Ethereum.

As a result of this integration, Nimbus launched bep-20 NBU tokens on its decentralized exchange. First of all, it is important to emphasize that the new tokens will provide access to the same use cases as the ERC-20 NBU tokens. Thus, users will not lose any functionality, but on the contrary-the BEP-20 version provides additional features. At the moment, NBU tokens provide access to 16 earning strategies and can be used to ” get additional benefits when using Nimbus dApps applications.

The next step was to increase liquidity, and there is no better way to achieve this than listing on one of the key exchanges. In this context, Nimbus chose Pancake Swap, one of the most commonly used DEX on BSC. As a result, token holders will now be able to enjoy much cheaper and faster transactions on the network. In addition, PancakeSwap offers additional opportunities for stacking and growing crops.

Why is this important?

As more and more users exchange NBU tokens, their value tends to increase, bringing benefits to the entire community. The current market situation, in particular the resumption of the bullish trend, suggests that the new BEP-20 NBU will not lack demand.

Finally, it is worth mentioning that Nimbus has been audited by Zokyo and Hacken, and both gave the platform the highest security ratings. An external technical audit also revealed no errors and confirmed that the Nimbus platform is fully functional and safe.