Nolus aims to eliminate the inefficiencies of current money markets by offering an innovative solution for its users. Specifically, Nolus DeFi Lease offers low margins and financing of up to 150% of users' initial investment, wrapped in an intuitive interface.
The request for such a project has been around for a long time. In 2020, we saw a flurry of DeFi apps that allowed users to earn income from their tokens. While we were already familiar with Maker and Bancor, the Curve, Yearn, Aave, Compound, and other protocols emerged in 2020 and quickly built a strong user base.
DeFi may act as a better alternative to traditional finance, but the sector still has a long way to go to reach users and gain global adoption. In the near future, we may see financial products and markets that we are used to in traditional finance get their own versions of DeFi.
Spot markets, future markets, and lending already exist in the crypto sector, and now another product has emerged in the decentralized environment: leasing.
But the main challenge facing several DeFi projects is reaching an unfamiliar audience with the whole DeFi concept. The process is simple: understand users' inefficiencies in traditional finance, eliminate them, and make it easy. And that's exactly what Nolus is here to do.