Understanding Nolus Earn

Nolus Earn lets you supply idle assets to the protocol and collect interest paid by borrowers who open leverage positions. This article explains where that yield comes from and how it behaves over time.

Nolus Earn has one pool per protocol. The pools currently open:

SOL on Solana and USDC on Solana

Each pool funds the leverage positions that borrow that asset, so the interest you earn comes directly from borrower payments in the same pool. You supply, withdraw and claim NLS rewards in the same place.

Nolus works on a cash basis, which means you are credited as borrowers actually pay, not on projected or accrued amounts. The yield you see is real yield backed by payments that have been made.

Collections run automatically at set intervals, so a borrower who pays late does not interrupt the flow of returns to the pool.

Rates are not fixed. They depend on how much of a pool is actually borrowed, so they move with demand and differ from pool to pool. The app shows the current figure next to each pool, and that is the number to trust. Current rates:

To protect those rates, Nolus can limit new supply into a pool when its utilization falls below the threshold set for that pool. Capping inflows in a quiet period keeps the yield meaningful for the lenders already in the pool instead of diluting it across idle capital. Each pool has its own threshold, so one can be capped while another stays open. When a pool is capped, its Supply Cap in the app reads as full and new supply is refused until there is room again. Current status:

Interest you earn stays in the pool and starts earning alongside the amount you originally supplied. Returns compound rather than paying out at a flat rate, so a balance left in place grows faster the longer it sits. That makes Earn most rewarding for lenders with a long horizon.