Nolus is an interoperable application on Cosmos that offers a DeFi Lease to reduce over-collateralization and improve capital efficiency in crypto money markets. Its DeFi Lease provides up to 150% financing on initial investments, lowers margin call risk, and grants access to underlying leveraged assets through whitelisted yield-bearing strategies. The protocol incorporates liquid staking derivatives to enable self-repaying loans and aims to create a cornerstone use case for LSDs in the Cosmos ecosystem. Nolus runs a semi-permissioned PoS blockchain built with the Cosmos SDK and a WASM smart contract engine focused on interoperability, security, and performance, using IBC and Interchain Accounts to access liquidity across chains. The team plans to complete the technological backbone and expand the platform both within and outside the Cosmos ecosystem, and after months of testing will open its public mainnet in May. Financially, Nolus secured $2.5 million in pre-seed and seed funding at a $20 million valuation to finish development and support expansion.

Total raised

$20M

Funding rounds

1

Latest round

Seed

Latest activity

May 2023