Nebula Protocol
Nebula Protocol
Nebula Protocol is a Defi Lending and Borrowing Dapp that supports the use of DEX LP tokens as collateral.
nEBULA PROTOCOL
Discovery Phase
Discovery Phase
In leading the design of the Nebula Lending Protocol, I used this framework to balance innovation with user needs. As the lead designer, I began by thoroughly exploring the DeFi lending landscape in my Discover phase. I conducted market research on existing protocols (Aave, Compound, Maker) and surveys to understand the ecosystem.
IN LEADING THE DESIGN OF THE NEBULA LENDING PROTOCOL, I USED THIS FRAMEWORK TO BALANCE INNOVATION WITH USER NEEDS. AS THE LEAD DESIGNER, I BEGAN BY THOROUGHLY EXPLORING THE DEFI LENDING LANDSCAPE IN MY DISCOVER PHASE. I CONDUCTED MARKET RESEARCH ON EXISTING PROTOCOLS (AAVE, COMPOUND, MAKER) AND SURVEYS TO UNDERSTAND THE ECOSYSTEM.
IN LEADING THE DESIGN OF THE NEBULA LENDING PROTOCOL, I USED THIS FRAMEWORK TO BALANCE INNOVATION WITH USER NEEDS. AS THE LEAD DESIGNER, I BEGAN BY THOROUGHLY EXPLORING THE DEFI LENDING LANDSCAPE IN MY DISCOVER PHASE. I CONDUCTED MARKET RESEARCH ON EXISTING PROTOCOLS (AAVE, COMPOUND, MAKER) AND SURVEYS TO UNDERSTAND THE ECOSYSTEM.
DISCOVERY PHASE
This uncovered three core user personas that I needed to serve:
This uncovered three core user personas that I needed to serve:
Yield Seekers: Retail and institutional liquidity providers chasing high APY.
Speculators: Traders and arbitrageurs seeking leverage and cross-chain profit opportunities.
Governance Participants: Token holders and DAO members actively engaging in protocol decisions.
Yield Seekers: Retail and institutional liquidity providers chasing high APY.
Speculators: Traders and arbitrageurs seeking leverage and cross-chain profit opportunities.
Governance Participants: Token holders and DAO members actively engaging in protocol decisions.
IN THE DELIVER PHASE, WE MOVED QUICKLY TO TESTING AND LAUNCH. WE RELEASED A TESTNET V1 AND INVITED USERS TO TRY NEBULA END-TO-END. WE MONITORED ON-CHAIN ACTIVITY AND RAN USER TESTS, WHILE SIMULTANEOUSLY RUNNING GALXE TASKS (AIRDROP CAMPAIGNS) TO INCENTIVIZE ENGAGEMENT.
THIS UNCOVERED THREE CORE USER PERSONAS THAT I NEEDED TO SERVE:
Conceptual discovery of DeFi liquidity across multiple blockchains.
Conceptual discovery of DeFi liquidity across multiple blockchains.
From my research discovery on multiple chain transactions, it indicates that the explosion of new blockchains is making it hard for users to move assets or compare rates seamlessly. With assets and bridges scattered over many networks, users encounter inconsistent interfaces and pricing when trying even basic cross-chain actions. Other discoveries include:
IN THE DELIVER PHASE, WE MOVED QUICKLY TO TESTING AND LAUNCH. WE RELEASED A TESTNET V1 AND INVITED USERS TO TRY NEBULA END-TO-END. WE MONITORED ON-CHAIN ACTIVITY AND RAN USER TESTS, WHILE SIMULTANEOUSLY RUNNING GALXE TASKS (AIRDROP CAMPAIGNS) TO INCENTIVIZE ENGAGEMENT.
CONCEPTUAL DISCOVERY OF DEFI LIQUIDITY ACROSS MULTIPLE BLOCKCHAINS
Defining Phase
Defining Phase
In the Define phase, I synthesized these findings into a clear problem statement and user needs. I framed the core issue as:
“How can we unify lending liquidity across chains and maximize capital efficiency, while making the product simple and trustworthy for our users?”
IN THE DELIVER PHASE, WE MOVED QUICKLY TO TESTING AND LAUNCH. WE RELEASED A TESTNET V1 AND INVITED USERS TO TRY NEBULA END-TO-END. WE MONITORED ON-CHAIN ACTIVITY AND RAN USER TESTS, WHILE SIMULTANEOUSLY RUNNING GALXE TASKS (AIRDROP CAMPAIGNS) TO INCENTIVIZE ENGAGEMENT.
DEFINING PHASE
Develop Phase(Ideate)
Develop Phase(Ideate)
Next I designed the user experience around these capabilities. I sketched out clear user flows for each major action (e.g. “Deposit Collateral”, “Borrow Asset”, “Repay Loan”).
In these flows, I emphasized clarity: showing real-time balances and collateral ratios as the user types, with confirmations at each step. I added visual health factor feedback (e.g. collateral health bars) so users wouldn’t be surprised and track their liquidity health line.
IN THE DELIVER PHASE, WE MOVED QUICKLY TO TESTING AND LAUNCH. WE RELEASED A TESTNET V1 AND INVITED USERS TO TRY NEBULA END-TO-END. WE MONITORED ON-CHAIN ACTIVITY AND RAN USER TESTS, WHILE SIMULTANEOUSLY RUNNING GALXE TASKS (AIRDROP CAMPAIGNS) TO INCENTIVIZE ENGAGEMENT.
DEVELOP PHASE(IDEATE)
CONCLUSION
CONCLUSION
Throughout, we documented every version and change log. Importantly, we propose to open governance rounds and give token holders a voice to tweak parameters. By proceeding in stages (alpha → public beta → mainnet launch), we balanced speed with security. Community feedback literally shaped Nebula: several interface refinements and feature tweaks came directly from users’ testnet suggestions. By launch after all iteration, we had a 45% increase in deposit from our testnet phase as a result of our simplified onboarding flow.
Throughout, we documented every version and change log. Importantly, we propose to open governance rounds and give token holders a voice to tweak parameters. By proceeding in stages (alpha → public beta → mainnet launch), we balanced speed with security. Community feedback literally shaped Nebula: several interface refinements and feature tweaks came directly from users’ testnet suggestions. By launch after all iteration, we had a 45% increase in deposit from our testnet phase as a result of our simplified onboarding flow.
IN THE DELIVER PHASE, WE MOVED QUICKLY TO TESTING AND LAUNCH. WE RELEASED A TESTNET V1 AND INVITED USERS TO TRY NEBULA END-TO-END. WE MONITORED ON-CHAIN ACTIVITY AND RAN USER TESTS, WHILE SIMULTANEOUSLY RUNNING GALXE TASKS (AIRDROP CAMPAIGNS) TO INCENTIVIZE ENGAGEMENT.
UNDERSTANDING THE PROBLEM
VIEW NEXT PROJECT
VIEW NEXT PROJECT
CPT FUNDED
NEBULA PROTOCOL IS A DEFI LENDING AND BORROWING DAPP THAT SUPPORTS THE USE OF DEX LP TOKENS AS COLLATERAL.
