NEST & FIBOS Strategic Cooperation Announcement

Wyman Fung
Nov 8 · 3 min read

By NEST


We are pleased to announce that the NEST Protocol has strategic cooperation with FIBOS.

Both parties will first collaborate around the FIBOS IBC protocol, the decentralized cross-chain (cross.fo) scheme, and then the FIBOS DEX protocol, the decentralized transaction (exchange.fo) protocol, to gradually explore decentralized digital asset mortgage lending product (nestdapp.io) work together to develop DeFi and more blockchain applications. Together, we will promote the ecological interaction and promotion of athe two sides, and continue in-depth cooperation in blockchain commercial applications, cutting-edge technology development, and community governance.

We believe that this will promote the both sides to continuously explore deeper cooperation, close coordination, continuous. beneficial exploration and innovation, and jointly develop the NEST and FIBOS ecosystem.

About NEST Protocol

The NEST Protocol is a DeFi ecosystem based on the Ethereum network. Currently, DeFi products developed based on the NEST Protocol include: decentralized digital asset mortgage lending, auctions, forecast, etc., all through smart contracts.

In order to make it easier for normal users to better use of DeFi products and services on NEST, the NEST DAPP team developed a decentralized smart contract front-end interactive tool – NEST DAPP ( https://nestdapp.io/ ). With NEST DAPP, users can deploy, operate and manage smart contracts with single click, using DeFi products and services on NEST easily. At the same time, NEST DAPP comes with Ethereum lite wallet function, support multi-wallet management and multi-asset operations.

Focus on the “ Decentralized Digital Asset Mortgage Lending” product on NEST, which was officially launched on December 19, 2018, and supports mortgage of ETH to borrow mainstream Ether assets such as USDT, HT, BAT (and reverse mortgage lending). At present, a total of 32,109 single mortgage lending contracts have been transacted on NEST, with an accumulated transaction amount of 663,368 ETH + 52.5 million TUSD assets . Its use of “blockchain contract + over-collateralisation + no leveraged positions” mechanism, allows digital asset mortgage lending to achieve a true sense of decentralized, key features: No KYC, do not worry about open positions.

In addition to DeFi products such as decentralized digital asset mortgage lending, auctions, etc., NEST Protocol will launch more DeFi products and services, such as: DEX, oracle system, insurance, options, etc., so stay tuned!

About FIBOS

FIBOS is a platform for creating and developing blockchain application ecosystems. FO is the circulation certificate of FIBOS, the equity certificate of resources in FIBOS chain, and the basic value medium in FIBOS ecology.

FIBOS uses a DPOS consensus mechanism: balanced decentralization and superior performance to meet the requirements of large-scale commercial applications. Comes out with dual-smart contract development engine and system: self-developed JavaScript intelligent contract engine, compatible with eos C++ smart contract. Simplify smart contract development steps, lowering development thresholds and exponentially reducing the development, deployment, learning, and iteration costs of blockchain commercials.

FOX 1.0 has introduced the FIBOS IBC protocol, a truly decentralized asset cross-chain solution that requires no additional layers of management, resulting in a native asset security performance, a better user experience, and a more stable value scale. High-quality digital assets such as USDT, ETH, Dai, and USDC on the ETH chain will be freely circulated in the double chain.

FIBOS The world’s most intelligent smart contract engine: discovering ubiquitous value.

FOX 1.0 The world’s most decentralized cross-chain solution: creating unlimited liquidity.

FOX 2.0 The world’s most decentralized exchange infrastructure: creating unrestricted liquidity.

FOX 3.0 Coming Soon

NEST DAPP team

2019.11.08


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