- The video is an overview of NOLUS protocol, an innovative application built within Cosmos that offers a DeFi lease, similar to a traditional lease but applied to the crypto world.
- The host mentions that the demonstration is part of a sponsored video by the Atom Accelerator Dow, covering Cosmos content.
- NOLUS will launch in the Atom Economic Zone on the consumer chain called Neutron, as explained in a previous video about Neutron.
- The host demonstrates transferring tokens to NOLUS using IBC (Inter-Blockchain Communication), bringing Atom tokens from the Cosmos Hub to the NOLUS network.
- NOLUS has its own blockchain and gas fees, and the demonstration involves transferring NOLUS tokens from Osmosis to NOLUS.
- The video explores the DeFi lease feature, showcasing a light leverage position on Atom tokens. The interest is mentioned to be interest-free until January 31st.
- The liquidation process in NOLUS is explained, highlighting that liquidation occurs in stages based on the percentage dip in the asset’s price.
- The earn page of NOLUS is demonstrated, showing options to earn yields by depositing USDC and staking NLS tokens.
- The host provides commentary on NOLUS, praising its capital efficiency, user-focused approach, stable coin denominations, and cross-chain compatibility within the Cosmos ecosystem.
- NOLUS is mentioned to be part of the Atom Economic Zone, emphasizing its true Cosmos application with cross-chain capabilities.
- The NLS token has a burn mechanism, and the platform is not solely reliant on inflation for incentives.
- The video concludes with the host expressing positive sentiments about NOLUS, encouraging viewers to check out the platform and share their thoughts in the comments.
Stake Cosmos ATOM Using Ledger
In this step-by-step guide we will show you how to stake ATOM tokens using Ledger wallet connected to the Ledger Live desktop app.
April 29 · video
