Nimbora Overview
- What is Nimbora?
Nimbora is a platform designed to facilitate interactions with popular Layer 1 (L1) protocols, offering the benefits of Layer 2 (L2) solutions at a significantly reduced cost. Users can enjoy the advantages of L2 through Nimbora compared to using L1 directly.
For instance, The platform enables users to borrow and repay LUSD stablecoin efficiently. With an intuitive interface, Nimbora simplifies the borrowing process. Users can select from different troves with varying collateral ratios (CR) and easily manage their transactions and debt repayments through the platform.
Nimbora combines the strengths of Ethereum protocols with the cost-efficiency of Starknet, providing a streamlined and economical DeFi experience.
- Main Features
- Lower Costs: Nimbora users pay 3x-7x less in gas fees than on the mainnet.No Minimum Loan Requirement: Unlike the mainnet’s minimum requirement of 2,000 LUSD for loans, Nimbora imposes no such limits.Frequent Loan Adjustments: The lower gas costs on Nimbora allow for better loan management through more frequent adjustments.Starknet Ecosystem Integration: Nimbora users can leverage LUSD integrations across various protocols in the Starknet ecosystem, all at a fraction of the mainnet cost.
- Blockchains
- Starknet
Related Apps
A protocol that lets users borrow a stablecoin using ETH as security without paying ongoing interest.
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