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Update Nimbora Overview and LUSD Strategy
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ioanSL committed Feb 13, 2024
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24 changes: 23 additions & 1 deletion docs/concepts/overview/overview.md
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# Nimbora Overview
# Nimbora Overview

Nimbora is a platform that offers you the opportunity to interact with your favorite Layer 1 (L1) protocols at a fraction of the cost of Layer 2 (L2) solutions.

## L2 vs L1: Benefits of using Nimbora

The main benefit of using Nimbora is the decreases in gas fees, up to 7x compared with Ethereum mainnet. This significant reduction in gas fees is achieved through the utilization of innovative Layer 2 solutions. These solutions perform most transactions off-chain, only settling the final state on the Ethereum mainnet. This drastically reduces the number of transactions that need to be processed on the congested Ethereum network, thereby reducing overall gas fees. This makes transactions on Nimbora more affordable and accessible for all users, fostering a more inclusive DeFi ecosystem.

## What wallets can I connect with?

At the moment, Nimbora supports compatibility with [Argent X wallet](https://www.argent.xyz/argent-x/) and [Braavos wallet](https://braavos.app/). Argent X is a smart wallet designed to provide a simple and secure way to manage and invest digital assets. On the other hand, Braavos wallet is a decentralized wallet known for its user-friendly interface and high-level security features. The integration of these wallets with Nimbora allows users to conveniently interact with preferred Layer 1 protocols at a significantly reduced cost. Nimbora is committed to enhancing user experience and thus, plans to integrate more wallets in the near future.

## Transaction processing and batching

The transaction is processed when the Starknet transaction is accepted on Ethereum, which typically takes around 12 hours. Once your transaction is accepted on Layer 1 (L1), it gets batched with other transactions and is processed within a maximum of an hour (the fastest processing time is 1 minute). If you see that the batch is in the processing stage, it means that it was sent to L1 but hasn't been accepted yet. This acceptance process also requires 12 hours. Once the batch is processed, its status will change to 'processed'.

## Where can I get help?

To report any issue, please click at "FEEDBACK" button directly on https://app.nimbora.io/ (see image below).

![feedback](/content/feedback.png)

If you have technical questions about this integration or Starknet in general, you can join [Nimbora Discord server](https://discord.gg/feJJnkmYzc).
8 changes: 5 additions & 3 deletions docs/concepts/strategies/01-statregy-lusd.md
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# **Unlocking Quick LUSD Minting: A Step-by-Step Guide for Nimbora Users**
# **Unlocking Quick LUSD Minting: A Step-by-Step Guide for Liquity Users**

![Group 145.png](/content/strategy_lusd/Group_145.png)

### The world of DeFi can be swift and complex, but Nimbora is here to simplify the process for you!
### LUSD Strategy

In this guide, we'll show you how to mint $LUSD quickly on Starknet, streamlining your DeFi experience and maximizing efficiency.
This strategy allows users to borrow LUSD, a stablecoin pegged to the U.S. dollar, using their collateral. The process begins by depositing collateral into the Nimbora platform. Once the collateral is deposited and locked, users can borrow against it according to the platform's loan-to-value ratio. This strategy is beneficial for users who want to leverage their assets without selling them. However, users must monitor their collateral value to avoid liquidation. If the value of the collateral falls below certain thresholds, the system may automatically liquidate the assets to repay the loan.

To get started, make sure you have a Starknet-compatible wallet, such as Argent X or Braavos. If you plan to bridge your assets to use as collateral, ensure you have an Ethereum-compatible wallet e.g. Metamask.

### How to interact

**Step 1: Visit Nimbora's Front End**
Visit Nimbora's front end at [https://www.nimbora.io/](https://www.nimbora.io/) to connect Starknet to Ethereum, reducing gas costs for your interactions with Ethereum.

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