This article was first published on Stories by NULS on Medium
Today we are delighted to announce a strategic partnership with BonFi.
This partnership is sealed with a Memorandum of Understanding (MOU) that outlines the planned partnership parameters and future joint initiatives. Both teams agree to drive innovation and collaborate on amazing DeFi initiatives to create value across both ecosystems.
BonFi will kick-start this partnership by launching a new staking initiative that will allow NULS holders to stake NULS and earn BNF APY using NULS’ SCO program.
This staking initiative will help BonFi expand their exposure within the NULS community and our associated ecosystem partners, which include but are not limited to Ankr, RampDefi, OKEX, and Binance.
They will explore the possibility of incorporating NULS’ DeFi offerings within the BonFi platform. By integrating NULS’ DeFi services, BonFi platform users could get access to these services at a click of a button. The depth of integration could even be expanded to building a bridge to services provided by NULS’s 30+ strategic partners. Our overarching goal is to facilitate interoperability and utility across both ecosystems.
BonFi is a multilayered open finance liquidity mining service platform complemented by the AI-powered BonVest, a professional cryptocurrency liquidity mining solution. It expands the DeFi financial product offering by combining smart contract staking and a managed cryptocurrency liquidity pool to achieve sustainable benefits for users.
Most DeFi tools manage funds manually or with trading bots. They often construct portfolios using simple metrics like high market value. They can’t seize all opportunities and can present high risk.
Many factors influence market prices. Complex non-linear time-series information, behavioral (sentiment, blockchain activity), and technical (historical prices, technical trading indicators) data all contribute.
By aggregating these distinct data points ...
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Stories by NULS on Medium