⚡️Nolus Project Review

Cabinet 42
2 min readDec 5, 2022

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Nolus Protocol is a Web3 financial suite that offers an innovative approach to money markets with a new lease solution to further develop the DeFi space.

The protocol uses a lightning-fast, semi-resolved proof-of-stake Layer-1 blockchain built using the Cosmos SDK, where smart contracts are developed in Rust and executed in an isolated CosmWASM sandbox model for robust security and multi-chain compatibility.

Nolus blockchain is built on a network of validators contributing to the consensus of the protocol, which are representative of an open ecosystem of participants and infrastructure providers.

Because the Nolus blockchain is a Proof-of-Stake (PoS) system, nodes must place $NLS tokens to validate the network. $NLS tokens can also be transferred to validators by users who, for whatever reason, choose not to run the node themselves.

📊 Project analysis:
- Funds/investors: TBA.

- Testnet: It is already possible to put a node and become a validator. No information on awards. Currently being audited by Oak Security, so information will come later.

- Tokenomics: Judging by the tokenomics, something will give.

- Discord: There is some life in discord, but so far so weak.

- Twitter: 1.8k followers, the quality looks very doubtful. Perhaps because the project is quite crude.

In summary:
In general, everything looks quite strange, in some places even kolhozny, but it is possible to look at it.

Project resources: Website | Telegram | Twitter | Discord | Docs

Our resources: Web | Blog | Twitter | Discord | Telegram

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Cabinet 42
Cabinet 42

Written by Cabinet 42

We provide tools for easy and secure asset placement on the blockchain, without storage.

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