What is Nomial
Last updated
Last updated
Nomial is an Inventory Access Layer for solvers who need assets to fulfill cross-chain intents.
An Inventory Access Layer (a new concept from Nomial) allows solvers to collateralize on one chain and borrow inventory on many chains. Inventory is provided by passive liquidity providers. When accessing inventory, borrowers pay fees that accrue back to the liquidity providers.
For Solvers:
collateralize on chain
borrow on many chains
For Liquidity Providers (LPs):
Earn passive income by depositing assets into pools which are then utilized by solvers
Nomial is primarily targeted at solvers that need assets to fill cross-chain intents. Without Nomial, solvers need to fragment their assets on many chains and take risk on those assets and chains. With Nomial, solvers can fill orders on more chains with no asset fragmentation. Nomial also allows solvers to better handle spikes in demand and eliminate price exposure on assets.