Money Market
The latest release of the Money Market, version 0.6.3, has been successfully deployed to production. A significant update in this release is the extension of the ICA packet timeouts. Previously at one minute, these timeouts have now been extended to three hours. This change aims to enhance the robustness of the network communications across different blockchain platforms, reducing the risk of packet drops due to short timeout intervals. This adjustment is expected to improve transaction reliability and efficiency in cross-chain operations
Webapp
The Nolus App has introduced an exciting new feature in its latest update—the Swap feature, now fully integrated and operational on the app's user interface. This enhancement allows users to easily exchange one type of digital asset for another directly within the app, facilitating more dynamic and flexible transaction capabilities. By enabling this feature, the Nolus App aims to provide its users with a seamless and efficient trading experience, significantly enriching the overall functionality and user-friendliness of the platform
Webapp
In the latest update to the webapp a new sorting functionality for lease positions has been introduced, enhancing the user interface and experience. Users can now organize their lease positions based on several criteria: the date they were opened, profit and loss (PNL), and size. This added feature allows for more efficient management and review of lease positions, enabling users to quickly access and analyze their investments based on the most relevant metrics to their needs. The update is designed to aid users in making more informed decisions by providing them with a clearer, more organized view of their financial landscape
Webapp
The latest update to the webapp has also introduced Noble USDC as the primary stablecoin for managing leases on the Osmosis DEX. This significant enhancement ensures that Noble USDC is now the default stablecoin used for all leases, providing users with a native option for their trading activities. By adopting Noble USDC, the platform aims to offer greater stability in transaction processing and enhance the financial security for users engaging in leases on the Osmosis DEX
Oracle
The Nolus Oracle has undergone significant updates to enhance its price feeding mechanism. The first major change is the extension of the Exponential Moving Average (EMA) sample period from 10 seconds to 50 seconds. With each feeder on the mainnet currently programmed to push a price update every minute and five feeders active, this results in a price feed approximately every 12 seconds. This frequency closely aligns with the current block time, which occurs about once every two blocks. By increasing the sample period, the oracle can include more observations per sample, effectively smoothing out the effects of rapid price changes. This adjustment is crucial for mitigating the risk of liquidation events triggered by brief, abrupt price declines.
Additionally, there has been a reduction in the discount factor from 75% to 65%. This modification gives more weight to earlier prices in the series, which helps to further diminish the influence of quick price drops on the overall price calculation. Together, these changes aim to stabilize the price measurements provided by the oracle, reducing the likelihood of sudden price disruptions and enhancing the overall reliability of the trading environment on the platform
Oracle
The Oracle swap tree for the Osmosis Noble USDC has been refined by revising the swap paths to prioritize pools that possess higher liquidity and offer more advantageous fee structures. This strategic adjustment is designed to enhance the operational efficiency and economic viability of transactions carried out through the Nolus Protocol on the Osmosis platform. By selecting swap paths that connect to more liquid pools and have lower fees, the protocol can facilitate smoother and more cost-effective transactions for users. This optimization not only promises to improve transaction speeds and reduce costs but also ensures a more robust and dependable trading experience, making it a significant upgrade to the current system