# Nolus Protocol > Spot margin on Solana. Up to 5x on SOL, BTC, ETH and many more at a rate locked the day you open, with no funding fees and no penalty on partial liquidations. ## Product - [Main site](https://nolus.io/): Overview, positioning, live metrics - [Launch App](https://app.nolus.io/): Live protocol interface (wallet required) - [About](https://nolus.io/about): Team, mission, approach - [Governance](https://nolus.io/governance): On-chain governance, proposals, NLS token - [Brand](https://nolus.io/brand): Logos, colors, Garet typography, voice and usage rules, downloadable logo / font / brand-kit packs, press and investor-relations contacts ## Documents - [Whitepaper](https://nolus.io/Nolus-Whitepaper.pdf): Technical design of the lease-based margin engine - [Brand kit (PDF archive)](https://nolus.io/Nolus-Brandkit.pdf): Original brand guidelines PDF — the live reference is https://nolus.io/brand ## Developer resources - [GitHub organization](https://github.com/nolus-protocol): All Nolus open-source repos - [nolus.js SDK](https://github.com/nolus-protocol/nolus.js): TypeScript SDK for Nolus Protocol — client, wallet, contracts, utils, constants - [MCP server](https://github.com/nolus-protocol/nolus.js#mcp-server): Model Context Protocol server bundled with nolus.js. Exposes 20+ query tools (prices, leases, pools, oracle) and transaction builders for lease operations, deposits, withdrawals. Runs as stdio server via `npx tsx` — install with `npm install @nolus/nolusjs`. ## Networks - Mainnet (Pirin): The production Nolus chain - Testnet (Rila): For development and testing ## Agent endpoints - [A2A Agent Card](https://nolus.io/.well-known/agent-card.json): Structured agent card for the marketing site - [Agent Skills](https://nolus.io/.well-known/agent-skills/index.json): Read-only skills manifest (points to app.nolus.io for live data) - [MCP Server Card](https://nolus.io/.well-known/mcp/server-card.json): SEP-1649 metadata for the stdio MCP server ## Blog The full Nolus publication, covering product, education, engineering, and governance. A concatenated markdown corpus is available at https://nolus.io/llms-full.txt for bulk ingestion. - [Kamino vs Jupiter vs Nolus: Leveraged SOL Costs](https://nolus.io/blog/what-a-leveraged-sol-trade-really-costs) (7 min read): One 2.5x SOL trade priced on Kamino, Jupiter Lend, Save and Nolus: what it costs to get in, hold and get out, in a calm month and a bad one. - [Changelog 2026.8](https://nolus.io/blog/2026-8-changelog) (4 min read): Solray reaches end-to-end milestones, the money market prepares its next generation, and every surface gets steadier. - [Changelog 2026.5](https://nolus.io/blog/2026-5-changelog) (4 min read): Two months of work across nolus.io, the dApp, the Solray SDK, governance tooling, ETL, and agent-readiness surfaces. - [When the Weakest Link Isn't the Code](https://nolus.io/blog/when-the-weakest-link-isnt-the-code) (6 min read): In April 2026, Drift Protocol lost $285M in 12 minutes, not to a smart contract exploit. The attack pattern has shifted from breaking code to compromising control. - [Changelog 2026.3](https://nolus.io/blog/2026-3-changelog) (2 min read): Development updates across Money Market, Web App, ETL, nolus.js, and IBC Solray. - [Nolus Web App Architectural Evolution](https://nolus.io/blog/nolus-web-app-architectural-evolution) (4 min read): The latest version of the Nolus web app marks a fundamental architectural evolution. - [Changelog 2026.1](https://nolus.io/blog/2026-1-changelog) (3 min read): Development updates across Web App, ETL, Money Market, Solray and Hermes Lite, Infrastructure, and more. - [Nolus Roadmap: H1 2026](https://nolus.io/blog/nolus-roadmap-h1-2026) (3 min read): The first half of 2026 marks a focused building phase for Nolus, not in the sense of adding features for their own sake, but in expanding - [Nolus in 2025: A Year in Review](https://nolus.io/blog/nolus-in-2025-a-year-in-review) (4 min read): From long-only leveraged spot to two-sided asset-backed margin positions, smarter partial liquidations, and trust-minimized expansion beyond Cosmos. - [Extending IBC to Solana with Solray](https://nolus.io/blog/extending-ibc-to-solana-with-solray) (3 min read): IBC has been the Cosmos ecosystem’s long-standing foundation for secure, trust-minimized interoperability. - [October 2025 Crash: How Nolus Liquidations Compared](https://nolus.io/blog/liquidation-impacts) (4 min read): Liquidation intensity and portfolio reduction across Aave, Kamino, Hyperliquid, dYdX and Nolus during the sharpest deleveraging event to date. - [Changelog 2025.9](https://nolus.io/blog/2025-9-changelog) (2 min read): Development updates across Money Market Updates v0.8.17, Closure of Neutron axlUSDC Long Market, Blockchain Data & Indexing (ETL) v3.14.2, Web App Enhancements, and Project X → IBC-Solray. - [Project X Unlocking Cross-Chain Interoperability for Nolus](https://nolus.io/blog/project-x-unlocking-cross-chain-interoperability-for-nolus) (5 min read): For Nolus, interoperability has always been more than a buzzword, it’s the backbone of how our Money Market works. - [Changelog 2025.8](https://nolus.io/blog/2025-8-changelog) (3 min read): Development updates across Money Market v0.8.16 – Production Release Next Week, Web Application Improvements, Blockchain Data & Indexing, Nolus.js SDK, Blockchain Infrastructure, and more. - [DeFi Leverage Compared: Fixed Rates vs Funding](https://nolus.io/blog/beyond-the-leverage-multiple) (4 min read): A structural comparison of leveraged DeFi protocols: interest rate design, liquidation behavior, and the fees that quietly decide realized returns. - [Changelog 2025.6](https://nolus.io/blog/2025-6-changelog) (2 min read): Development updates across Money Market, WebApp, and ETL. - [Market Anomaly Guard: Fairer Margin Liquidations](https://nolus.io/blog/mag-safeguarding-your-margin-position-in-volatile-markets) (3 min read): How Market Anomaly Guard pauses, and sometimes cancels, a liquidation when a DEX quote drops far below the oracle price during volatile markets. - [Changelog 2025.4](https://nolus.io/blog/2025-4-changelog) (2 min read): Development updates across Money Market, Nolus Core Pre-Release – v0.8.0, and WebApp Enhancements. - [How Nolus Keeps USDC Yields Above 10% APY Mark](https://nolus.io/blog/how-nolus-keeps-usdc-yields-above-10-apy-mark) (1 min read): USDC yields on Nolus have captured attention with their consistency and competitiveness, often ranging from 10% to 16% APY. - [Changelog 2025.3](https://nolus.io/blog/2025-3-changelog) (2 min read): Development updates across Nolus App v2.0.0 Now Live, Nolus Core Update – v0.7.2 & v0.7.3, and Money Market Update - v0.8.7. - [How Nolus Became an Asset-Backed Margin Protocol](https://nolus.io/blog/from-defi-leasing-to-margin-power-plays) (2 min read): How short selling, stop-loss and take-profit orders, and fee abstraction turned a long-only lending product into a two-sided margin protocol. - [How Misconceptions Shape Our Views on Crypto](https://nolus.io/blog/how-misconceptions-shape-our-views-on-crypto) (2 min read): Have you ever heard that goldfish have only a three-second memory? Or that humans use just 10% of their brain? - [Changelog W05/25](https://nolus.io/blog/w05-25-changelog) (1 min read): Weekly development log across Money Market, Nolus Core, and Webapp. - [Nolus in 2025: A Year of Excitement](https://nolus.io/blog/nolus-in-2025-a-year-of-excitement) (4 min read): With 2025 underway, we hope that everybody had a great holiday period. - [Nolus in 2024: A Year in Review](https://nolus.io/blog/nolus-in-2024-a-year-in-review) (4 min read): Looking back at 2024, it was a year when Nolus expanded, evolved, and positioned itself for an even greater 2025. - [Six Margin Strategies: Long, Short, Delta-Neutral](https://nolus.io/blog/strategies-on-nolus-protocol-v2) (6 min read): Leveraged longs and shorts, liquid-staking collateral, a delta-neutral hedge, and lending to the pool, with the capital each strategy requires. - [Changelog W49/24](https://nolus.io/blog/w49-24-changelog) (2 min read): Weekly development log across Money Market, Nolus-Core, Webapp, and AI Agent. - [Why Mindset Matters Even More in Crypto](https://nolus.io/blog/why-mindset-matters-even-more-in-crypto) (3 min read): In the world of crypto, mindset is not just a nice-to-have, it’s essential. - [Tiresome, vague, and lazy: Why TVL is not the be-all and end-all of metrics](https://nolus.io/blog/tiresome-vague-and-lazy-why-tvl-is-not-the-be-all-and-end-all-of-metrics) (4 min read): The DeFi space has long used Total Value Locked (“TVL”) as the primary indicator of the success of a protocol (e.g. - [Changelog W44/24](https://nolus.io/blog/w44-24-changelog) (1 min read): Weekly development log across Money Market, Nolus-Core, Webapp, Keplr, and Support Bot. - [Changelog W40/24](https://nolus.io/blog/w40-24-changelog) (1 min read): Weekly development log across Money Market, Nolus-Core, Webapp, and Infrastructure. - [Leveraged Spot vs Perpetual Swaps: Cost and Risk](https://nolus.io/blog/the-breakdown-nolus-vs-perpetual-swaps) (4 min read): Funding rates versus fixed interest, pooled counterparty risk versus a shared lending pool, and why open interest caps limit perpetual markets. - [Revamping Nolus Chain Inflation for Long-Term Growth](https://nolus.io/blog/revamping-nolus-chain-inflation-for-long-term-growth) (2 min read): The NLS token serves as the backbone of the Nolus ecosystem, driving key operations such as gas fee payments on the Nolus chain, network - [Nolus SWAG: Capturing DeFi Dynamics](https://nolus.io/blog/nolus-swag-capturing-defi-dynamics) (2 min read): In crypto, SWAG is more than just merchandise, it’s an essential tool for shaping brand identity and building a sense of community. - [Changelog W35/24](https://nolus.io/blog/w35-24-changelog) (1 min read): Weekly development log across Money Market, Nolus-Core, Webapp, and ETL. - [Demystifying DeFi, risky business or not](https://nolus.io/blog/demystifying-defi-risky-business-or-not) (3 min read): The crypto community has become very familiar with super-high APRs on all primitives from spot exchanges to money markets to perpetual - [Nolus Eden v0.6.2: The Future of Decentralized Finance](https://nolus.io/blog/nolus-eden-v0-6-2-the-future-of-decentralized-finance) (2 min read): The Nolus team is thrilled to announce the release of our latest major upgrade, the Nolus v0.6.2 software upgrade, named Eden. - [Changelog W30/24](https://nolus.io/blog/w30-24-changelog) (1 min read): Weekly development log across Money Market, Oracle, Nolus-Core Eden Update, ETL, and WebApp. - [The Evolution of Money Markets: Banks to DeFi](https://nolus.io/blog/the-evolution-of-money-markets) (4 min read): How lending moved from institutions to peer-to-peer platforms to on-chain money markets, and where leveraged spot positions fit in that line. - [Changelog W27/24](https://nolus.io/blog/w27-24-changelog) (2 min read): Weekly development log across Money Market, WebApp, and Defillama. - [A Game-Changer for DeFi Liquidity Fragmentation](https://nolus.io/blog/a-game-changer-for-defi-liquidity-fragmentation) (2 min read): Unifying Digital Assets to Enhance Liquidity and User Experience - [Infusing Artistry and Creativity into the Tech-Driven Landscape](https://nolus.io/blog/infusing-artistry-and-creativity-into-the-tech-driven-landscape) (2 min read): By committing to supporting talented individuals and elevating their profiles within the crypto community, we aim to foster creativity - [Changelog W21/24](https://nolus.io/blog/w21-24-changelog) (2 min read): Weekly development log across Money Market, WebApp, Web Components, Alarms Dispatcher and Price Feeder, and Interchain Accounts. - [Nolus Protocol 2024 Roadmap](https://nolus.io/blog/nolus-protocol-2024-roadmap) (2 min read): Detailed Feature Releases for 2024 - [Changelog W18/24](https://nolus.io/blog/w18-24-changelog) (3 min read): Weekly development log across Money Market, Webapp, and Oracle. - [Post Mortem Report: Service Interruption of Nolus Protocol on April 12th](https://nolus.io/blog/post-mortem-report-service-interruption-of-nolus-protocol-on-april-12th) (2 min read): Summary - [Changelog W15/24](https://nolus.io/blog/w15-24-changelog) (1 min read): Weekly development log across Money Market, Alarms Dispatcher, Webapp, Nolus-Core, and DeFiLlama. - [Post Mortem Report: Nolus Protocol Service Interruption on March 23rd](https://nolus.io/blog/post-mortem-report-nolus-protocol-service-interruption-on-march-23th) (2 min read): Summary - [Changelog W12/24](https://nolus.io/blog/w12-24-changelog) (1 min read): Weekly development log across Money Market, Webapp, and Nolus Website. - [Changelog W10/24](https://nolus.io/blog/w10-24-changelog) (1 min read): Weekly development log across Money Market Update, Webapp, Webapp Refactoring, Website, and Infra. - [In-Depth Analysis #3: Unprecedented Growth Continues](https://nolus.io/blog/in-depth-analysis-3-unprecedented-growth-continues) (2 min read): Welcome back to the third installment of our series, ‘In-Depth Analysis. - [Changelog W08/24](https://nolus.io/blog/w08-24-changelog) (1 min read): Weekly development log across Money Market Update, Oracle Contract Update, Testnets Cleanup, ETL, and Webapp Code Refactoring. - [Changelog W07/24](https://nolus.io/blog/w07-24-changelog) (1 min read): Weekly development log across Money Market Update, Nolus Core Update, dApp Refactoring, User Interface, Infrastructure, and more. - [Changelog W06/24](https://nolus.io/blog/w06-24-changelog) (1 min read): Weekly development log across New Server, +Four Full-Nodes Infra, Governance, Leased Asset Bug in New Lease Form, PnL Calculation for New Leases, and more. - [Changelog W05/24](https://nolus.io/blog/w05-24-changelog) (2 min read): Weekly development log across Added DYDX and STRD, ML Bot, Ticketing System, Interest Rate Display Update, Enhancement for Lease Positions, and more. - [Nolus Twilight v0.5.0: Boosted performance for boosted adoption](https://nolus.io/blog/nolus-twilight-v0-5-0-boosted-performance-for-boosted-adoption) (2 min read): Exploring the latest upgrade and its impact on users - [In-Depth Analysis #2: Nolus Protocol’s Explosive Growth](https://nolus.io/blog/in-depth-analysis-2-nolus-protocol-s-explosive-growth) (4 min read): Welcome to the second episode of our series ‘In-Depth Analysis. - [Nolus Expands to Neutron](https://nolus.io/blog/nolus-expands-to-neutron) (3 min read): Nolus is progressing towards completing its integration of Astroport’s deployment on Neutron. - [In-Depth Analysis: Nolus Money Market’s Early Months](https://nolus.io/blog/in-depth-analysis-nolus-money-market-s-early-months) (3 min read): In the evolving landscape of DeFi, Nolus is carving out a niche, not through conventional benchmarks but by pioneering a demand for its - [Post-Mortem Analysis: Imperfect Price Feed Impacting Nolus Protocol](https://nolus.io/blog/post-mortem-analysis-imperfect-price-feed-impacting-nolus-protocol) (2 min read): Date and Time of Occurrence September 8th, 2023, 08:45 UTC - [Rug Pulls: Navigating the Pitfalls](https://nolus.io/blog/rug-pulls-navigating-the-pitfalls) (1 min read): Ensuring the security of your investments means understanding the nuances of rug pulls in the evolving world of crypto and DeFi. - [How to Avoid Liquidation: Partial vs Full](https://nolus.io/blog/liquidations-on-nolus-protocol) (3 min read): What triggers a liquidation, how to work out your liquidation price, and why Nolus sells only part of a position first instead of closing it all. - [Leveraged Long, Hedge and Yield Strategies on Nolus](https://nolus.io/blog/strategies-on-nolus-protocol) (4 min read): Five ways to use leverage on Nolus: a leveraged long, lending to the pool, amplifying a short, a delta-neutral hedge, and stacking a money market. - [How to Manage Risk in Crypto Lending on Nolus](https://nolus.io/blog/tips-to-mitigate-risk-in-crypto-lending-and-borrowing-how-nolus-provides-safety-and-security) (6 min read): Keeping your loan-to-value low, topping up collateral in time, and how partial liquidations and third-party audits limit the downside on Nolus. - [The Future of IBC](https://nolus.io/blog/the-future-of-ibc) (3 min read): As a value-bridging protocol, IBC has been a massive boon to the Cosmos ecosystem. - [Nolus’ Mainnet Launch!](https://nolus.io/blog/nolus-mainnet-launch) (1 min read): On 23.05.2023 at exactly 3:00 PM UTC, our genesis validators breathed life into the Nolus chain and paved the path to creating a vibrant - [Nolus Audits Report](https://nolus.io/blog/nolus-audits-report) (3 min read): As the world of cryptocurrencies continues to evolve, security remains a top priority for anyone involved in the industry. - [The Role of Network Governance on Nolus](https://nolus.io/blog/the-role-of-network-governance-on-nolus) (5 min read): The Cosmos ecosystem prides itself on sovereignty and the ability of appchains to govern themselves through on-chain governance. - [How does Nolus solve the issue of liquidity?](https://nolus.io/blog/how-does-nolus-solve-the-issue-of-liquidity) (4 min read): Nolus inherits liquidity from the chains it connects to via Interchain Accounts instead of running its own exchange, and pools lender deposits in one market. - [FOMO, FUD, and DYOR](https://nolus.io/blog/fomo-fud-and-dyor) (3 min read): Cryptocurrency investing can be an exciting and potentially lucrative endeavor. - [What makes “Good Tokenomics”](https://nolus.io/blog/what-makes-good-tokenomics) (3 min read): Tokenomics should be transparent and easy to understand. - [Lending Within the Cosmos Ecosystem](https://nolus.io/blog/lending-within-the-cosmos-ecosystem) (4 min read): Why Nolus uses a single shared pool, cash-basis interest, and its own appchain instead of the over-collateralized model most Cosmos lenders run. - [Staying Safe in a Trustless Environment](https://nolus.io/blog/staying-safe-in-a-trustless-environment) (4 min read): With more projects spawning every day, staying safe within the cryptocurrency space should be a top priority! - [Exploring the Advantages and Disadvantages of Developing a Custom Layer-1 Blockchain](https://nolus.io/blog/exploring-the-advantages-and-disadvantages-of-developing-a-custom-layer-1-blockchain) (15 min read): The simplified creation of a sovereign, horizontally scalable blockchain with its proprietary token economy, cheap and fast transactions - [Finding Liquidity in the Cosmos](https://nolus.io/blog/finding-liquidity-in-the-cosmos) (4 min read): The majority of cryptocurrencies are volatile assets whose prices fluctuate for a number of reasons. - [The Importance of DeFi](https://nolus.io/blog/the-importance-of-defi) (4 min read): Decentralized finance offers an open and free alternative for consumers. - [Announcing the Nolus Delegation Program](https://nolus.io/blog/announcing-the-nolus-delegation-program) (3 min read): Through a delegation program, we can delegate locked tokens to both increase the total value securing the Network and to promote - [What Makes Staking an Attractive Proposition On Nolus?](https://nolus.io/blog/what-makes-staking-an-attractive-proposition-on-nolus) (4 min read): Proof-of-Stake acts as a Sybil-protection mechanism. - [NLS Token: Utility, Staking, Supply, and Market Data](https://nolus.io/blog/nolus-token-model) (7 min read): What NLS does, how staking works, how the 1 billion token supply is structured, and where circulating supply and market cap stand as of August 2026. - [Nolus Under the Hood: Appchain and Liquidations](https://nolus.io/blog/the-nolus-protocol-under-the-hood) (5 min read): Inside the Nolus appchain: Cosmos SDK and CosmWasm, Interchain Accounts for swaps, and partial liquidations that unwind only part of a position. - [Self-Repaying Loans With Liquid Staking Tokens](https://nolus.io/blog/liquid-staking-derivatives-meet-self-repaying-loans) (5 min read): Staking rewards on your collateral accrue inside the position and pay down accrued interest, so the loan services itself while you hold exposure. - [How Does Nolus Work? Fixed-Rate Spot Margin, Explained Step by Step](https://nolus.io/blog/how-does-the-nolus-protocol-work) (3 min read): A plain walkthrough of a Nolus position: how the fixed borrowing rate is set, how leverage is capped, how lenders get paid, and how buybacks fund the rewards. - [Six Problems With Crypto Lending](https://nolus.io/blog/the-future-of-defi-with-nolus) (4 min read): Over-collateralization, full liquidations, lost ownership and high costs are the standing problems in crypto lending. Here is how Nolus answers. - [Introducing the Nolus Protocol](https://nolus.io/blog/introducing-the-nolus-protocol) (4 min read): DeFi is a revolutionary concept that provides alternative means of self-empowerment for folks who demand transparency, censorship