Nord Finance Implements Gas-less transactions using Biconomy on Polygon.
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 of us.
What is Biconomy?
Right out of the box, Biconomy is a Next-Gen Multichain Relayer Protocol, designed to make blockchain transactions frictionless and mainstream. They provide plug-and-play APIs that take the performance of Dapps to a whole new level. And not just that, with their product Gasless, they provide a new user experience, by making all transactions on Dapps gas-free!
Biconomy helps Nord make DeFi accessible to everyone
Nord Finance strives to serve the rising needs targeting novice users and professionals to meet their financial goals. However, the current web3.0 experience is broken and complicated. The user needs to understand crypto wallets & pay gas at every step. To access Nord Finance Dapp on Polygon, the user needs to change their RPC & own MATIC token to pay gas.
By integrating Biconomy, Nord Finance ensures that the user doesn’t need to face such friction points! The DeFi experience on Polygon will be gas-less so the whole experience is smooth.
A few other benefits include:
- No need of MATIC in wallet to interact with nord applications
- No more failed transactions.
- Onboarding new users is simpler.
- Users don’t have to worry about pending transactions.
- Addressing relayers’ private key management and associated security.
Helping a leading Dapp like Nord Finance is another milestone for us in our mission of simplifying Web 3.0 experiences.
PS: Present $NORD staking program will have to wait for the next upgrade to enable gas-less transactions. For now only Savings on Polygon is enabled with gas-less.
About Nord Finance
Nord Finance is an advanced decentralized financial ecosystem designed to simplify DeFi investing by bringing key features of traditional finance to the DeFi ecosystem.
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.
Nord Finance strives to serve the rising needs targeting novice users and professionals to meet their financial goals.