- 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](/_next/image?url=https%3A%2F%2Finterchaininfo.zone%2Fuploads%2F2024%2F04%2Fstake-ATOM-using-Ledger-canva-min-2.png&w=1024&q=75)
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