Nord Savings is Live on Avalanche! | Start Investing
Nord Finance believes in staying ahead of the technology curve by growing with the industry. We explore the best technologies to stay ahead of the competition by exploiting them at a rapid pace. We thrive to improve the user experience based on community feedback and expectations.
We believe the platform that can master the art of providing their products to multiple blockchains will win the investor’s heart. The multichain availability of products will help investors take advantage of each blockchain to get the best return on their investment.
We’re glad to launch our first product Nord Savings on Avalanche. Nord Finance is set to become Faster, Low cost and Eco-Friendly with Avalanche Blockchain Integration.
Avalanche offers a multichain experience with incredibly fast transaction throughputs and cheaper fees. Assets staked on Avalanche enjoy ironclad security. Top projects ranging from DeFi dapps, NFTs and Gaming platforms to Oracles like Chainlink platforms are already leveraging Avalanche’s aggressive scaling solution.
Salient Features of tier-based NORD savings on Avalanche:
- Stable coin APY from lending platforms on Avalanche
- Bonus APY boost of USDT supplied in NORD as per the tier
- Bonus APY boost of NORD staked in NORD
- ~2.5X APY boost for the top tier i.e Titanium + 50% entry load fee deductions.
- Instant withdrawals of stable coins
- One week unbounding period for the staked NORD token.
Avalanche Network continues to grow at an unprecedented pace due to its transaction speed, fees and Eco-friendliness. We are indeed excited to launch our NORD Savings on December 16th, 2021 on the hottest platform in the blockchain sphere. The NORD Saving Program on Avalanche will feature an APY boost for NORD savings, an attractive fee structure and no lock-in stablecoin staking.
Nord Savings: Earn up to 32.1% APY on Stablecoins:
Tiered System Caps:
APY in the Bonus APY boost on staked Stable coins on NORD
Based on your staked amount of NORD, Savings users get an APY boost of up to 18.75% in the form of NORD as per the tier user falls in.
Bonus APY boost on staked NORD on NORD
NORD holders enjoy an additional layer of APY boost up to 18.75% for staking their NORD. Depending on their holdings, stake NORD on Avalanche to get the below listed APY boost.
Note: Titanium tier will have a 50% discount on 0.5% protocol fees
For instance, a Nord user who stakes 3500 NORD qualifies the user for the top tier i.e Titanium APY boost category. The user gets
- Stable coin APY from lending platforms as per example its 2.25%
- Bonus 18.75% APY boost of USDC supplied in NORD as per the tier
- Bonus 18.75% APY boost of NORD staked in NORD
- 50% fee reductions on protocol fees.
25,000 USDC invested can yield up to 8032 USD in the Titanium tier in one year + Fee reductions. That’s 2.5X more returns in the top tier.
Nord Savings Fee Structure on Avalanche
Protocol Fee (entry load): Each user is charged 0.5% of 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 Avalanche coming soon)
- Redistribution to stablecoin holders: 0.4%
- Withdrawal Fee: 0%
- Performance Fee : 0%
Send $NORD & Stable coins to Avalanche Network:
You can send $NORD token from ethereum network with AnySwap Bridge and stable coins AVAX Bridge to start investing on Avalanche Network
(ProTip: Use AnySwap Router from Polygon / BSC to send Stable coins at cheaper and faster way )
We will continue to bring strategic updates and technological developments aligning with our mission of making DeFi accessible. We’re ready with our new product launch on Avalanche. Are you?
About Nord Finance
Nord Finance, a blockchain agnostic platform, is an advanced decentralized financial ecosystem that focuses 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.
We are building a one-stop advanced decentralized financial ecosystem to serve the rising needs targeting novice users and professionals to meet their financial goals.
