Nord Finance: Monthly Recap May 2022

3 min readJun 2, 2022

In May, We have set a foundation for the next chapter of Nord Finance by releasing details of our upcoming investment product suite. In addition, We released new product features and interacted with the Web3 community.

Read this article to catch up with the latest progress of Nord Finance.

Previously on Nord Finance…

Product and Technology Update

NORD NXT — The next chapter of Nord Finance:

We released the product-focused roadmap of Nord Finance’s upcoming suite of investment products. We believe the future of digital asset investment products needs to comply with the evolving regulations across the globe. Regulatory compliant products will be able to attract investors easily and rapidly. We are moving towards regulatory compliant DeFi products with NORD NXT to achieve our aim to onboard new investors across the globe. We’ll bring the following products under NORD-NXT:

NORD Grow: Redefined Advisory Product
NORD Baskets: Crypto Investment Made Easy
Savings: Fixed-Deposit Instruments
NORD SIP: Smart Investment Plan
NORD Stake: Time-based Staking Program
NORD Loans: Secured Loans against Crypto assets
NFT Loans for NFT marketplaces

Nord Finance’s EPNS channel launched

Nord Finance’s EPNS (Ethereum push Notification Service) channel is live now. Investors can Opt-in for the Nord Finance channel on EPNS to get important notifications of their investments on our platform.

$NORD Token Burn

We’ve completed the 9th successful Token Burn. We’ve burnt a total of 900,000 $NORD as of now, a whopping value of 2.23M+ USD in total.

Partnerships and Ecosystems Updates:

$KRIDA Staking reward Distribution:

KRIDA Fans successfully ended their staking program on Nord Finance. We have distributed 30,000 $KRIDA tokens to $NORD stakes in proportion to their Avg. $NORD Staking during the 3 months of the $KRIDA staking program.

NORD/ DFYN Dual Farming Pool Extension

NORD-DFYN LP Staking was extended for users to provide liquidity and stake LP Tokens and earn dual token 650 DFYN + 100 NORD per day rewards. The pool started on 8th May for a 3-month duration.

Dual Farm here

Community Interactions:

Chainlink Bengaluru Community Kick-off Meetup:

We attended Chainlink Bengaluru Community Kick-off Meetup to give Web3 developers and enthusiasts glimpses of how we build our products. It was a wonderful experience to meet like-minded people and discuss the Web3 future.

A Message for Nord Vikings Community:

We are entering into June month with enthusiasm to give our community many reasons to celebrate Nord Finance. Thank you for continuously supporting Nord Finance.

A Secret giveaway for NORD Vikings: If you have read the entire article then comment on our Twitter post within 24hr: “Buy me a coffee $NORD!” + Tag 3 Friends. 3 lucky winners will get $10 each.

About Nord Finance

Nord Finance, a blockchain agnostic platform, is a next-level decentralized finance ecosystem directed at simplifying the concept of decentralized money for its clients by featuring conventional money’s key components. NORD Finance is built on Ethereum Network. Multichain interoperability of NORD Finance powers a plethora of financial primitives, which constitute savings, advisory, loans against assets, and investment/funds management.

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