The Nolus Protocol is gearing up for an exciting 2024, with a feature-packed product roadmap that includes at least two new major features and integrations every quarter. Alongside these, a host of updates will boost the efficiency, scalability, and performance of Nolus’ application. Here’s a detailed look at our ambitious plans for the coming year.
Development
In 2024, we are targeting 3-month major release cycles. This structured approach ensures a consistent flow of new features and updates.
Volatile Base Currencies
One of the major updates coming in Q2 is the addition of volatile base currencies. This smart contract update will enable borrowers to use volatile assets as base lending currencies, unlocking the ability to open short lease positions across various assets and markets. Lenders will have the option to opt in for lucrative yields on assets such as BTC, WETH, NTRN, OSMO LSDs and more. These short markets will be gradually introduced in the Nolus app over the course of the year.
Project X
Project X is a highly experimental scaling solution that our development team has been working on. This longstanding project aims to extend Nolus’ cross-chain capabilities, and when realized, it will bring a new era to the Nolus ecosystem and the broader DeFi landscape.
Lease Strategies
We are also introducing lease strategies to enhance automation within the platform. These strategies will handle tasks such as interest repayments and liquidation safeguards. Additionally, they will also offer whitelisted yield farming options over the leveraged assets, potentially offsetting interest and, in some cases, the principal for active lease positions.
Feature Rich DeFi Suite
Several much-requested and needed features are already in the works to further enhance the user experience on the Nolus application. These include detailed profit and loss analytics, revamped data in lease positions, on-chain push notifications, enhanced historical data, one-click asset bridging, support for WalletConnect, and compatibility with more wallet extensions.
Nolus App V2
In conjunction with these new features, we will launch version 2 of the Nolus application. This update aims to address all user experience shortcomings pointed out by our users and community members, further smoothing the overall experience.
Nolus Core v1
The Nolus blockchain is set to upgrade to its first major version, Nolus Core v1, introducing many new features and stability improvements. One of the key highlights is fee abstraction, which will allow users to pay network fees with assets other than NLS. Additionally, the CometBFT, Cosmos SDK, and IBC stack will be updated to its latest. These updates will enable the addition of arbitrary data to the consensus, significantly improving disk storage and overall performance. Lastly, the implementation of ICA v2 will enable us to develop near-instant cross-chain transactions that will immensely improve the user experience.
With these ambitious plans, 2024 promises to be a transformative year for the Nolus Protocol. We are committed to driving innovation and enhancing the user experience further. Stay tuned for more updates, and thank you for being part of the Nolus journey as we continue to push the boundaries of decentralized finance.
