Nolus stands out as a pioneering solution in the blockchain space, emphasizing seamless interoperability across various liquidity hubs. The protocol's primary strength lies in its ability to tap into different decentralized exchanges (DEXs) without causing asset fragmentation across chains. Let's delve deeper into what sets Nolus apart and its implications for the DeFi sector.
Real-time Asset Borrowing and Swapping
Nolus' design allows instantaneous asset borrowing and swapping across any DEX that has been integrated with it. This immediate flexibility in transactions points towards a future where users don't have to commit to a single DEX or worry about their assets being scattered across multiple chains.
Osmosis, Cosmos Hub, Axelar, Stride, Juno, Evmos, Persistence, Secret, Celestia, Neutron, Quicksilver
Supported lease assets
WBTC, WETH, axlUSDC, ATOM, stATOM, stkATOM, , qATOM, OSMO, stOSMO, AKT, AXL, JUNO, EVMOS, SCRT, CRO, TIA, NTRN, DYDX
For detailed information about the respective token denominations on the Nolus mainnet, have a look at the public Cosmos chain registry.
Supported assets for gas fees
Eliminating Multiple Lending Pools
Traditional systems might require various lending pools from which funds can be borrowed, leading to potential inefficiencies and complexity. Nolus streamlines this by focusing liquidity providers (LPs) mainly on stablecoins, simplifying the borrowing and lending landscape.
Moving Beyond the Hub and Spoke Model
While many blockchain projects adopted the hub and spoke model for interoperability, Nolus has chosen a distinct path. The protocol can interact directly with foreign chains by employing Inter-Blockchain Communication (IBC) and Interchain Accounts. This ensures a more decentralized and fluid interaction between different blockchain networks. Central to Nolus' operations is a smart contract that oversees real-time transactions on all connected host networks. This orchestration ensures that all interactions are swift, secure, and transparent, enhancing user trust in the system.