#NORDSAFU : Nord Finance products are now insured with UnoRe

Nord Finance
3 min readNov 3, 2021

We are working tirelessly to provide our investors with a safe, simple and elegant platform. To achieve our goal, we are partnering with UnoRe to provide our users with a safeguard against unseen smart contract vulnerabilities.

UnoRe is the first of its kind decentralised insurance and reinsurance platform, allowing the community to invest and trade in ‘risk’ and receive sizable returns on their investments in one of the safest asset classes in the world.

UnoRe will provide a Protocol Cover for Nord Finance’ full product portfolio i.e savings and advisory which are live now on Ethereum and Polygon Networks!

In the case of unpredictable eventualities that affect smart contracts, UnoRe’s specialised cover curated for Nord Finance and its users can protect against the loss of funds.

What’s covered under the UnoRe Protocol Cover?

  • UnoRe will provide a Protocol Cover for Nord Finance’ single-sided staking pool, USDC, USDT and DAI staking pool on the Ethereum and Polygon Networks!
  • Uno Re will cover Nord Finance for a total amount of USD 500,000.
  • Insurance cover top-up is available based on requirements for ongoing and future smart contracts.

Nord Finance on the partnership:

We are delighted to partner with UnoRe to insure our products against any unseen smart contract vulnerabilities. Our partnership will make Nord Finance products safe for DeFi investors. We are one step closer to our aim to create safe, simple, and elegant DeFi products for investors around the world with this partnership.

-Amarnath Reddy, Co-founder, and CEO of Nord Finance

UnoRe on the partnership:

Onboarding Nord Finance onto Uno Re’s platform is another step to ensuring DeFi. Uno Re is delighted to work alongside Nord Finance which brings unique financial primitives to its users. Super excited to explore this partnership further.

-Jaskanwar Singh, CEO and Co-Founder of Uno Re

About Uno Re

Uno Re is the world’s first decentralised insurance and reinsurance platform, allowing the community to invest and trade in ‘risk’ and receive sizable returns on their investments in one of the safest asset classes in the world. The platform will break barriers to entry for the retail investor by doing away with the historic pre-requisite of absurdly high capital generally needed to invest in the market while also introducing much-needed transparency into the industry as a whole. Uno Re will also allow the community to propose innovative insurance products to the space, thus propelling a new generation of Insurtech companies powered by the Uno Re ecosystem.

Twitter | Telegram | Discord | Medium | LinkedIn | Website

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.

The 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, investment/funds management, and swaps.

Nord Finance strives to serve everyone on this planet to achieve their financial goals.

Website| Telegram | Telegram Announcement | Twitter

--

--