Manama, Bahrain: Nimbus Platform IO has launched the second iteration of its n-NFT as a structured financial derivative product. The launch of updated n-NFT is referred to as Smart Staker n-NFT in the constellation of Nimbus Platform Dapps and products.
The first Nimbus n-NFT was launched in late December 2021. The Nimbus Platform n-NFTs are the first ever structured financial derivative using digital assets in Decentralized Finance (DeFi) in the world.
The Smart-Staker n-NFT is a portfolio-enhancing tool that’s a yield-generating hedge against price fluctuations that also offers structural diversification as the yield generation is derived from four different Dapps activities.
Previous to launching Smart Staker n-NFT, Nimbus launched Smart LP n-NFT focused on lending, liquidity providing, and LP staking using dApps and other tools on the Platform. The second-generation n-NFT was introduced to improve user-friendliness and solve users’ needs.
Smart Staker n-NFT includes a yield-generating mechanism, which allows holders to receive rewards from the best Staking options. The threshold set for Smart Staker n-NFT is 1BNB or 200 BUSD.
Once the NFT is minted, the underlying assets are automatically attached to the Smart Staker, sending them to two revenue streams — Soft Staking and CAKE-BNB LP Staking. In terms of rewards, the user will receive:
- 60% APY on NBU and GNBU Soft Staking (35% share each) - rewards accrued in NBU
- Up to 40% APY on CAKE-BNB LP Staking (30% share) - rewards accrued in CAKE
The rewards generated by the Smart Staker accrue in real-time and can be withdrawn at any time, even if the NFT remains vested for 30 days. This unique and first-of-its-kind financial product – Nimbus’s n-NFT allows mitigating risks, offering optimal yield, without paying extra gas fees, and the n-NFTs can be exchanged through the P2P dApp of Nimbus Platform.
For native governance token (NBU and GNBU) holders, the introduction of n-NFTs contributes to the rise in the tokens' value. As liquidity grows, the Platform’s native tokens become more stable.
About Nimbus Platform:
Nimbus Platform is the first global regulated DeFi institution under the supervision of the central bank. The company offers a wide range of services and products in DeFi and digital assets; with two offices, a headquarter in Manama, Bahrain; and Miami, in the United States. The company’s mission is to expand access to financial tools and literacy through the leveraging of innovative solutions in the digital asset and cryptocurrency space. Nimbus platform is a well-known player in the crypto space that boasts reliability and efficiency. For more information about its innovative products and yielding options, visit the website.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.