Nolus unveils major platform update, introduces volatile base currencies and attracts new strategic investors

For years, traditional leasing has been bogged down by complicated procedures, hefty upfront costs, and limited access to capital. Spotting an opportunity to address the inefficiencies in lending markets, one DeFi startup is redefining the leasing landscape with a more accessible and flexible platform.

Enter Nolus, a cross-chain lease protocol leveraging DeFi, aims to lower upfront costs, enhance accessibility, and provide more adaptable lease terms, opening up new financial opportunities for both individuals and businesses.

Today, Nolus announced a major platform update set for Q3, aimed at reshaping how DeFi users engage with its ecosystem. The update will bring in volatile base currencies, positioning Nolus as a safer alternative to high-risk crypto lending platforms.

This upgrade will introduce new income streams, advanced hedging options, and reduced operational overhead, all designed to create a more dynamic and liquid ecosystem.

Consider a small business owner needing to lease new equipment but lacking the upfront capital. Nolus could offer a flexible leasing solution, allowing access to the needed equipment with lower upfront costs and potentially better terms.

Founded in 2021 by Kamen Trendafilov, Bilyana Christova, and Ivan Kostov, Nolus is a DeFi lease protocol that enables users to maximize their crypto potential without taking on excessive risk. It allows for entering and exiting leverage positions with minimal spread and low impact, ensuring the best prices without extra fees.

A partial liquidation mechanism helps manage volatility and protect against total collateral loss while keeping a healthy loan-to-value ratio. Nolus stands out for its interoperability, using IBC and Interchain Accounts to access a wide range of liquidity hubs without causing fragmentation across chains.

Commenting on the announcement, Co-Founder and CEO Kamen Trendafilov said:

“Our team’s strength lies in our commitment to continually enhancing the protocol to meet the shifting demands of the DeFi space. We’re excited to see how the community responds to the new features we’re introducing.”

A notable addition in the upcoming release is the ability for borrowers to use volatile assets like BTC and ETH as base currencies. This will enable them to open sell or short positions while liquidity providers earn rewards, all without lock periods or constraints.

This flexibility allows users to hedge against market swings or capitalize on downward trends, while lenders benefit from potentially high yields on volatile asset pools.

To ensure a smooth launch, the introduction of volatile markets will be phased in gradually, with user feedback shaping further refinements.

These new developments have attracted fresh investment, with Nolus raising a total of $3.5 million through seed and strategic rounds. Recent additions to its investor list include Interop Ventures and Black Alpha Capital, joining early backers like Autonomy Capital, Token Metrics Ventures, Cogitent Ventures, Dorahacks, and BlockBuilders.

With a community of over 50,000 members and $60 million in transactional volume, Nolus’ latest update is likely to draw more interest from DeFi traders, yield farmers, and security-conscious crypto investors looking for a safer approach to lending in the crypto space.