BonFi Announces Partnership with NULS and NERVE Network

A significant year-end announcement, paving the way for 2021!

Today we are extremely excited to announce a strategic partnership with NULS and NERVE Network. 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.

We will kickstart 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 us to expand our exposure within the NULS community and its associated ecosystem partners, which include but are not limited to Ankr, RampDefi, OKEX, and Binance. Later we will provide more details about the specific terms and conditions to participate.

Furthermore, we 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.

NULS is an established player in the industry that has built a respectable following in the blockchain industry since 2017. Among all the different public chains, NULS is one of the few protocols that is committed to building new exciting interoperable solutions that help drive innovation and adoption of DeFi services. We are extremely excited to be part of these exciting developments that the NULS team are achieving with their microservice framework and the NULS ChainBox to power the Nerve Network. All of these are potential infrastructure solutions for future DeFi solutions under the BonFi Platform to both provide a parallel infrastructure to Ethereum widening the potential reach within the DeFi space.

About NULS

NULS is an open-source, enterprise-grade, adaptive blockchain platform that offers fast-track business solutions for developers. Featuring microservices, smart contracts, cross-chain interoperability, and instant chain-building, NULS sets a new industry standard in streamlining blockchain adoption.

The microservice-layer design of NULS provides fluid, cost-effective, time-saving solutions for developers with minimum blockchain experience. As a public, community-driven project, NULS is building the future upon the strength and security of decentralized blockchain technology and the NULS Foundation to ensure the cooperation and success of the whole ecosystem.

About NERVE

Nerve is a decentralized digital asset service network based on Nulstar, the NULS’ micro-services framework, which uses NULS’ ChainBox tool to develop a cross-chain interaction protocol. The aim is to break the isolated blockchain value and establish a cross-chain asset exchange network to provide all the necessary underlying support for the Defi application ecosystem.

About BonFi

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.

Follow us

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
BonFi Admin

Official Publication Admin Account of www.medium.com/bonfiorg [BonFi; bon.finance] We will never ask or request for payment.