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Nord Finance

Multichain Decentralized Investment Banking | Savings | Advisory | Loans | Swaps
Category
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Finance
Blockchain
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Ethereum
Currency
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NORD
Publisher
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Nord Finance Team
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What is Nord Finance?
Nord Finance, a blockchain agnostic platform, is an advanced decentralized financial ecosystem focusing on simplifying decentralized finance products for users by highlighting traditional finance’s key attributes. Deployed on the Ethereum Network, it integrates multi-chain interoperability, thus proposing a plethora of financial primitives, which constitute savings, advisory, loans against assets, investment/funds management, and swaps.

Smart Fund Management
Receive highest yields for your stable coins with our dedicated smart protocol.

Cross Chain Swaps & Interoperability
Our multi-chain protocol's automated chain switching ensures you receive the best APYs.

Zero cost transactions
No upfront network fee for deposits, the smart contract absorbs the gas fee which is adjusted in the final APY

Nord.Savings
Allows optimizing returns through a multi-chain yield-farming mechanism for stable coin farming with the highest possible risk-adjusted returns. To maximize returns, the protocol employs the highest risk-adjusted APY's.

Nord.Advisory
An inbuilt robo-advisory service designed to chalk out profitable and customized strategies for users to hold better positions based on their financial goals.

Nord.Loans
DeFi users can leverage their crypto assets to their greatest potential by pledging them in smart contracts to avail loans for unanticipated circumstances. The process to avail of an instant over-collateralized loan is quite uncluttered and hassle-free.

Nord.Swap
Built on the Ethereum Network, Nord.Swap is a blockchain agnostic permissionless instant swap protocol driving cross-communication and interaction of virtual digital assets effortlessly.

$NORD Token
Users can either mine $NORD token via our liquidity mining program or purchase $NORD in later stages via centralized and decentralized exchanges. Its primary utilities include voting, staking, and employing yield farming strategies across different DeFi platforms.

Gear up to experience the power of NORD.Savings V2
We are extremely thrilled to share that Nord.SavingsV2 Beta is now live! In this guide, we will go through each of the steps so that you can get a seamless experience of our product select Nord.Savings V2. Please follow this detailed guide step by step for each functionality to understand the dynamics involved. Enjoy and experience the power of NORD Savings V2 in the most exciting way. Remember to join the NORD community to drive DeFi adoption to the mainstream, as we are always excited to hear from the community.

Pro-rata vs Fixed interest bid option for Lenders
In a Fixed interest rate bid, borrowers need to pay the entire interest amount to the lenders even if they pay back the loan amount well within the loan period. In the Pro-rata option, the lender provides money to the borrower on a pro-rata basis which means the borrower only needs to pay back the loan amount with the proportional interest rate required. For Example, Alex is ready to take a loan from the Bob on Nord NFT Loans platform against his NFT. Let’s say the agreed amount for the NFT Loan between Alex and Bob is $1000 at a 10% interest rate for 10 weeks. Let’s say Alex can pay the amount back with interest within 5 Weeks.
Information
Type
Staking
Blockchain
Ethereum
Currency
NORD
Platform
Windows, macOS
Publisher
Nord Finance Team
Version
v2
FAQ
Etherereum
Protocol Fee (entry load): Each user is charged 0.5% on the capital for the platform revenue
Withdrawal Fee: 0%
Performance Fee : 0%
Nord.Savings maintains a reserve of about 20% of the total supply to make small withdrawals cheap. If the withdrawal amount is more than the reserve available, the withdrawal happens from the pools that Nord.Savings has supplied to.
Polygon
Protocol Fee (entry load): Each user is charged 0.5% on the capital for the platform revenue
The protocol will charge every NORD saver a 1% fee on exit to be shared pro-rata as shown below:
Treasury: 0.3%
Redistribution to NORD long term staking holders: 0.3% ( for single asset staking on polygon coming soon)
Redistribution to stablecoin holders: 0.4%
Withdrawal Fee: 0%
Performance Fee : 0%
We truncate the balance due as some ERC20 tokens have more decimals. You can see the complete balance by just hovering the mouse over the text.
nToken is interest-bearing token issued against your deposit. With yield farming on Nord Savings your nTokens (nUSDT/nDAI/nUSDC) will start accumulating interest on your deposits. When you withdraw, you will receive the original amount plus interest earned in your base token (USDT/DAI/USDC).
Partial Withdrawal of Nord is not withdrawal when you withdraw some nTokens. If you withdraw 100% of the nTokens, all your staked Nord will be unstaked. You can claim the unstaked Nord tokens once the unbounding period ends (if any).
NORD holders enjoy an additional layer of APY boost upto 12.5% for staking their NORD. Depending on your holdings, stake NORD on Polygon to get the below listed APY boost.
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