Among the several crypto products that have gained traction in the last year, DeFi has been the most prominent with real world use cases given its potential to become a leading product to challenge the trillion dollar traditional financial sector. At the time of writing, the total market capitalization of the DeFi protocols stands at USD 61.68 billion. Additionally, the total value locked in DeFi contracts has jumped from about USD 1 billion in June 2020 to a massive USD 79 billion as of June 2021 with the numbers only rising each day.
At its very core, Decentralized Finance, or…
In Nord Finance, we consider ourselves a forward-looking team, always ready to improve on the user experience based on community feedback and of those leveraging our platform as a launch board into decentralised finance.
We have done major changes in our Savings V2 fundamentally with a new Tier based system approach by complementing long term $NORD holders with highest APY based on their holding.
Also we have allocated part of fees collected from protocol to be redistributed to long term holders and liquidity providers. …
By the end of every month, we are always overwhelmed by the response we receive from our community. And this month was no different, with our new product Nord Advisory being launched, we are truly grateful for the type of support and response we received from our Nord Vikings community.
Everything that took place over the past month has taken us a step closer to realizing our goal of making Decentralized Finance (DeFi) more accessible to everyone.
Now let us go through the events of August in our monthly recap.
We are pleased to announce that the long awaited all new $NORD staking will be live on August 17th, 2021.
Staking your assets is the best way to maximize your holdings that are otherwise sitting in your wallet! Rewarding $NORD Longterm holders is our first priority at Nord Finance. In this spirit we have revised our staking program and rewarding holders that decide to stake $NORD tokens. You can stake on both Ethereum and Polygon on our platform “A true multi-chain experience”.
Start of Staking: Aug 17th, 12:00 PM UTC
As more users onboard to DeFi, Nord Finance will ensure a seamless & simple experience on their Dapp through gasless transactions
We are excited to announce our partnership with Biconomy, a Next-Gen Multichain Relayer Protocol to implement gasless transactions on Polygon. Right from the beginning of Nord Finance, our main aim was to revolutionize the traditional financial model by making Decentralized Finance(DeFi) more accessible to everyone. Everything we have done ever since was to make that a reality. And now, with Biconomy, we have taken this dream to the next level.
Let us understand how this partnership will benefit all…
July was a very challenging month for us. With an unexpected hack of our bridge provider chainswap , we were forced to test new security limits for our products. But in spite of this road bump, we successfully managed to navigate out of this challenge by taking a community-first approach. We ensured complete transparency and addressed our community’s problems. With the support and engagement we received from our community, we are truly grateful for the Nord Vikings, who have helped us get closer to achieving our goal.
Now let us go through the highlights of July, in our monthly recap.
By the end of every month, when we go through everything that happened, we are often overwhelmed by the amount of response we receive from our community. Be it product launches or community engagements, we make sure we are getting a step closer to making Decentralized Finance accessible to everyone. The month of June was no exception to this. We are proud of what we have accomplished and grateful for the Nord Community’s extended support.
Let’s go through some of our major highlights of June, in our monthly recap.
We rolled out the Community Beta Testing Program for the Nord…
Dear NORD Finance community, it’s been 2 days since the $NORD token was affected by the Chainswap bridge vulnerability.
Nord Finance team working around the clock to ensure all our users and stakeholders are involved in this incident. We respect the NORD Finance community for your patience and support throughout these challenging times. We believe the best foot forward is by being transparent about the issue and implementing a thorough compensation plan to set things right.
More information about the incident can be found at: https://nordfinance.medium.com/chainswap-hack-transparency-update-e029c18ade17
Key points to be aware of:
The attacker was able to mint an additional…
Dear NORD Vikings and holders of $NORD, we have completed our preliminary analysis of the @chain_swap hack. We have contacted the @chain_swap team and are in active discussions to determine the best path forward.
Preliminary Analysis of the Hack:
At block 9042300 to 9042306 on @BinanceChain, an attacker took control of the $NORD BSC contract due to a critical vulnerability in the @chain_swap Protocol. Based on our initial analysis, the @chain_swap vulnerability enabled 500,000 $NORD to be minted directly to the attacker’s address from a factory root address (‘0x0000…’).
Bring out the creative content creator in you with NORD Finance VisualGuide contest!
All you have to do is create an intriguing video on any of the topics, amazing rewards in $NORD tokens for each category! 🤑
The participants need to create a YouTube video on any of the following/all categories: ( Each category has separate rewards )
1) Nord Savings V2 on Polygon 💰
2) Nord BSC staking🛠
3) Transfer Nord token between ERC /BEP / polygon with exchanges and wallets 🔑
📝Note: The participants must use each of these hashtags in their submission video:
#NORDSavingsV2 #NORDFinance #NORDVikings $NORD…