General
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Nexus Market is a decentralised non-custodial liquidity protocol where users can participate as suppliers or borrowers. Suppliers provide liquidity to the market while earning interest, and borrowers can access liquidity by providing collateral that exceeds the borrowed amount.
Nexus Market is a decentralised, non-custodial liquidity protocol that is completely permissionless, meaning anyone can access it. Users can interact with Nexus market through a user-friendly interface or directly with its smart contracts on supported blockchain networks. This openness also enables the creation of third-party services or applications that integrate with the protocol. To interact with the Protocol, simply connect your crypto wallet and supply your preferred asset and amount. Once supplied, you'll earn passive income based on market borrowing demand. Additionally, your supplied assets can be used as collateral, enabling you to borrow other assets.
Yes, you need a wallet to interact with Nexus. Each instance of the Protocol is deployed to a blockchain network. To interact with Nexus, you need a wallet on the corresponding network such as a hardware wallet, browser extension, mobile wallet, multi-signature wallets, among others. When interacting with a Nexus Protocol interface, wallets are connected using methods such as browser wallets (MetaMask, Rabby, etc.), WalletConnect, and more. These connection methods are utilized to prompt for messages and transactions to be signed in the connected wallet.
Interacting with the Nexus Protocol requires transactions on Ethereum or other blockchain networks where Nexus is deployed. These transactions may incur gas fees, which are non-refundable network transaction fees determined by the network status and transaction complexity.
Transaction costs are typically highest on Ethereum, and significantly cheaper on all other networks, which can be compared . The connected wallet will ask you to confirm the gas fee when signing a transaction.
Nexus Market Interface
All actions are available directly through protocol smart contracts, which can be accessed through block explorers or code by following the guidelines available in the docs.
Be careful. Nexus never advertises on any social media platform or search engine and does not have any downloadable mobile application available. If you find one, it is a scam. Nexus Protocol will never ask for your wallet seed phrase.
You can use Nexus Market in a simulation environment designed for testing and development. In this environment, the assets are not real and have no economic value.
Currently, Nexus Market is active on 3 test networks: Eth Sepolia, Base Sepolia, and Binance Chapel.
You can directly connect your web3 wallet and start using the protocol.
On the top-right corner, you can see a faucet button, where you can get faucet tokens to use across the Nexus Ecosystem.
Make sure to have the native asset for the specific network.
No central entity, including Nexus or any individual contributor, has the authority or ability to freeze or alter individual user positions within the Nexus ecosystem. The Nexus Protocol is fully decentralized and governed by the Nexus Decentralized Autonomous Organization (DAO), which is controlled by ZBU token holders. As such, users maintain complete self-custody of their funds, and there is no mechanism for freezing or modifying individual positions by any entity.
Risk Management Controls: While individual positions are untouchable, the protocol includes specific risk management functions designed to safeguard the overall system. These functions are strictly limited to broader protocol actions and do not extend to individual user positions:
PoolAdmin Role: In V2, the PoolAdmin can only pause all interactions within the entire pool of assets.
Approving tokens is a necessary step when performing actions that involve transferring tokens to a smart contract, such as supplying and repaying tokens to the Nexus Protocol. If a token approval is required, frontends such as the Nexus Interface will prompt users to perform the approval with one of the following methods:
Transaction: a transaction is an onchain action that requires gas fees and time to confirm. You will be prompted to approve/pay for the gas fee to facilitate the transaction.
Signature: when a signature approval is required to transfer tokens, you will be prompted to sign a message with the same wallet making the transaction. Message signing is free and instant, however, it is only available for certain tokens ( compatible), and wallet types (private key wallets).