Over the last few years, there has been a radical shift toward individual control and decentralization, accelerated by the pandemic. We see this on a personal level, as healthcare services come into homes with virtual care and telehealth, and grocery shopping doesn’t take a trip to the supermarket anymore. Although Covid may be responsible for people working from home, they’re not going back to the office any time soon and many are breaking off from corporations altogether to start their own businesses.

This trend started much earlier in the financial world when fintech evolved in the late 20th Century with digital data systems and transactions, starting with the introduction of ATMs in the 70s and the growth of mobile banking in the 90s. But it took a different crisis, the global financial meltdown of 2008, to actually decentralize currency. Now cryptocurrency is poised to revolutionize traditional financial systems.

It’s understandable if we need to catch our breath here. Some of these changes are welcome – we never liked business clothes or doctor’s offices anyway. Others seem too fast, and too demanding on our time or skill set. Must we all learn new technologies, new vocabularies and new procedures overnight? Take crypto: if we’re not young techies versed in blockchain, how can we keep up with the new digital opportunities? If we’re not seasoned financial experts, how can we avoid the volatility of crypto markets?

There is a refuge for all of us average Joes and Janes, decentralized finance. DeFi is a relatively new industry that re-engineered traditional financial services for the crypto marketplace. Over the last ten years, the industry has evolved and developed along with the new digital currency. Platforms have defined their business models and recognized the value of positive user experience. Still, newcomers might find the new technology too complex and the new financial concepts too confusing. For instance, many platforms only offer a few specialized products, so if we want a diversified digital portfolio we’d need to visit different platforms and spend a lot of time to understand them. On others, we’ll have to actively manage our assets without really knowing how DeFi strategies work.  Basically, it’s a challenge trying to find out which platforms are effective and trustworthy.

Fortunately, there is a Defi platform that is simple-to-use and educates newcomers. The Nimbus Platform is both a gateway into the new crypto world and a hub providing a variety of financial strategies. When we start with Nimbus, user-friendly navigation and educational tools are a welcome change from the tortuous interface that many platforms present. We find fifteen strategies for earning digital rewards that are readily accessible to everyone by simply determining financial goals and following step-by-step instructions.  Choose a simple way to earn rewards by staking or holding assets in a pool yielding a high annual rate. On the Nimbus peer-to-peer exchange, exchange tokens with other users on your own terms by setting price and volume. Or use the Nimbus lending decentralized application or (dApp) to lend any amount and withdraw assets or rewards at any time. Borrow with fixed rates and no time restrictions, controlling risk by setting your own collateral level. Leave it to Nimbus’ unique notification system to manage liquidation, and let smart contracts or self-executing protocols complete transactions without intermediaries or commissions.

Once we’ve quickly put assets to work with these strategies, we’re glad to know Nimbus is developing some unique products for our next level. The platform introduced the first yield-generating NFT, one that functions like a personalized financial strategy instead of representing ownership of specific digital assets like art. The Nimbus NFT automatically distributes assets across products, saving time and fees, mitigating risk and optimizing yields. With the unique Nimbus crowdfunding dApp, we’ll be able to participate in startup crowdfunding using advanced features for automatic asset distribution, usage and accountability.

Nimbus uses smart contracts like all the other DeFi Platforms. These computer protocols rely on decentralized code for verification and execution of transactions and to store transactions on peer-to-peer networks. Consequently, smart contracts are not subject to failure at a centralized financial institution. They’re also virtually immune to malicious hacking or any other modification because they are immutable or irreversible. Nimbus uses smart contracts that share pieces of the same coding logic other programs have, like the crypto exchange Uniswap. However, Nimbus uniquely combines all of the pieces on one platform, working effectively for their users with simple, easy-to-use procedures.

Nimbus is also different because it doesn’t typically outsource product development, a common start-up mistake. Nimbus prefers to maintain control by employing an in-house development team dedicated to preventing errors in the smart contracts utilized on the platform. Smart contracts must be thoroughly tested and analyzed to ensure they function correctly, and smart contract developers must be knowledgeable about the vulnerabilities of smart contracts to counter any weaknesses. In addition, established cybersecurity services like Hacken implement Nimbus’ vigorous audit procedures, and an ongoing bug bounty program rewards friendly hackers for finding flaws in Nimbus’ systems.

Although Nimbus requires developers to also know financial basics, they underscore that smart contract developers do not need a background in finance. Multifaceted backgrounds are more important for this innovative platform because they provide both the detailed and broad perspectives necessary for success.

This comprehensive attitude is also reflected in the Nimbus Platform’s commitment to users and community. Their mission is to foster a new society in which each human being is financially empowered and in control of his or her own future – and assets. Essentially, Nimbus can make decentralization work for our financial independence. When you think about it, that’s more important than working or shopping from home.