Projects
![]()
No projects found
Investors
New
DAO Treasuries
DATs
Lend / Borrow APRs
Chains
Categories
Spaces
Nolus Lounge
Recorded: April 10, 2025 Duration: 0:13:45Space Recording
Short Summary
In a recent community call, Novos unveiled significant updates to its app, showcasing a 15% increase in transactional volume and a robust 16% APY for users. The new features and improvements signal a positive growth trajectory amidst current market volatility.
Full Transcription
Thank you. Thank you. Thank you. Let's wait a minute or two for other people to join and then we'll kick things
off. Thank you. Thank you. Thank you. you
Hey guys, nice to be here. Very nice to see everyone that's here. The ones that are not being here, everything could be recorded and will be posted so that you can hear it out. It's a little bit slow in terms of market currently,
so I understand people not entering too many spaces.
But through time, we'll hopefully hear this conversation
because we do have a lot to share.
I wanted to start with what Novos has been doing
in the last couple of months.
And this is the thing that we actually put into actual production last week and this week.
And this is the new version of the app.
It has many improvements in terms of usability, in terms of how a person can interact with the app itself,
how transfers are made, the fastness of the network, because now currently the app works actually much faster compared to the last version.
The layout itself, which presents much better, how to say people are much easier to find different things on the app and much more intuitive to interact with it.
different things on the app and much more intuitive to interact with it the fastness as i mentioned
is important because now transactions are made within seconds even faster than before the lease
and the earn functions of the nose app actually do have new visualizations including new graphs
the statistics is entirely upgraded with much more statistic in
terms of in terms of historical in terms of data in terms of the assets being claimed the total
amount per month uh total value walk through time uh deposited versus quite something that we had
on the previous version but now much more upgraded and visible
the APY percentages even when you go to the earn section you can now try to see for example if you put a hundred or a thousand into the earn how much it would earn you in a couple of months in a couple
of years and so on and so forth based on the current api percentage the
current api percentage actually stands at more than 16 this is because of the
utilization that's currently 95 so that being said this has been something that we have
working on for a very long time.
I wanted to mention some of the numbers as well so that you can see how the app and the transactions are actually evolving through time.
For example, we have observed more than 122 million of transactional volume, which is around 15 percent more compared to the last community call
this is pretty much a very good indication that the protocol has been used a lot the ibc
transactional daily volume is more than 57 000 per day and we have more than 2.7 million of IBC volume in the past 30 days alone. Now, in terms of borrowing, it has been slow.
March has been slower compared to December, January, and February.
I believe this is pretty understandable based on the market itself
and the volatility that we currently see with the U.S. changing policies
in terms of tariffs but still
we've made almost 800 000 of defi leases through the month of march mostly in atom and btc but
we do have osmo as well on the third place act on the on the fourth place. It has been a slower month, but people are getting more and more.
We see in the past couple of days a lot of BTC,
a lot of BTC loans, which allows new usage with the drop of BTC.
Users are actually getting into the picture.
Well, something else is that on the earn section,
we have more than 65 million of total transactions.
Current APY, I mentioned, is 16%.
Utilization is 95%.
This is good and bad because with that utilization, earners actually earn a lot.
In terms of usage, however, the borrowing currently might stand at no goal at some point if the money supply in the usdc pool actually
complete or finish or we reach up utilization of 100 hopefully this is not the case and we would
be able to interact more finally i wanted to mention that the nls token with the automatic buyback system currently purchased 2.5 million of nls
tokens in the past month reaching a total of the astonishing 11 million transactional volume
in total purchased back and extracted from total supply on the market now metal would actually
introduce a little bit what we have
been doing on the governance front as well that's all from me for now hope hope you enjoy it please
meto go on Thank you. Obviously we do have some technical issue with metal. something is obviously uh on the wrong side with with x i know i'm not quite certain that you
actually hear me now so i propose that we actually close this here i think we do have
all the important information that we wanted to share summarized in a couple of minutes through the upgrade and
the everything that will post in terms of download you would be able to hear it back
and you can always reach us out thank you and enjoy Thank you.
Host
Nolus 🔅
from
Nolus Protocol
