Slick Finance is Evolving: Introducing Nord Finance

1. Slick Finance: Why Are We Evolving

Slick Finance was started with the aim of simplifying DeFi investing. We designed Slick Finance as an advanced stable-coin based yield-farming protocol to deliver the highest possible risk-adjusted returns on investments through multi-chain yield-farming. With Slick.Finance we set out to solve the problems in the existing DeFi space such as high cost of transactions, lack of interoperability/multi-chain yield farming options, impermanent loss and bridging the information gap between savvy and average investors.

As we worked towards solving the problem of generating highest APYs with an automated yield-farming aggregator, we realized that the opportunity ahead of us was far bigger than the goal which we set for ourselves at the beginning.

With the aim of driving real adoption of DeFi we felt that we need to launch a host of sophisticated financial instruments. With this, we decided to widen our scope and started working towards building ‘an advanced decentralized financial ecosystem’ designed to simplify DeFi investing by bringing key features of traditional finance to the DeFi ecosystem.

2. Why Nord?

We believe the brand name should truly represent the purpose of the brand. With that thought, we felt that as we evolve our brand-name should evolve with us.

As we searched for our new brand-name, NORD resonated with our core objectives: Inclusiveness, Community Governance, Maximization & Security.

Inclusiveness & Community Governance:

A core objective of our brand has been to simplify DeFi investing and make it more accessible to common users. The Nordic Financial Model, adopted by several Scandanivian countries is a model that represents a perfect blend of Capitalism & Socialism. It combines the economic efficiencies and growth objectives of capitalism with the social aspect of equality & distribution of income. We believe that The brand-name NORD fits in perfectly with this objective.

Maximization:

Another objective at our brand-core is to maximize returns for our users and help them achieve their financial objectives. We felt that this will be a continuous journey with a purpose of “always searching for our true north”. We were inspired by the the co-founder of the brand OnePlus who recently stated at the launch of OnePlus Nord:

Security:

The Nordic Model works on the principle of social welfare offering a sense of security to the residents. As we build our product, we believe that security & risk management is a key aspect required to achieve our goals. The same is represented in our new brand logo which forms a protective cover over (in green) over our investors (in blue) representing the promise of security and risk-adjusted returns helping them move NORTH towards their financial goals with NORD FINANCE.

3. What’s new in 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.

Designed as a block-chain agnostic platform with multi-chain interoperability, our aim is to offer users easy access to a plethora of financial products including, but not limited to, yield-farming aggregation, funds management, robo-advisory and loans against assets.

At Nord Finance we are building a one-stop advanced decentralized financial ecosystem for all investments needs of its users to meet their financial goals. Within the Nord Finance ecosystem, we are building 4 key products:

Nord.Savings:

Delivers the highest possible risk-adjusted returns for stable coin investments through multi-chain yield-farming. Nord.Savings provides an easy-to-access gateway to the complex and dynamic world of DeFi based Yield-Farming. To deliver the highest risk-adjusted APYs, To assess protocol risk, Nord.Savings leverages the DeFi Score framework. We have built our own proprietary algorithm above the DeFi score framework to assess risk

Nord.Advisory:

Understands the user profile and their investment requirements basis their financial goals. Our robo-advisory is designed to offer customized investment solutions. Our technology chalks out customized investment strategies for the users and deploys their stable coins using our proprietary algorithm in a goal-oriented diversified portfolio. The data-driven proprietary algorithms help users build a smarter portfolio to achieve their financial objectives.

Nord.Loans:

Allows users to Leverage their Crypto investments to avail loans to meet any unforeseen expenses. By pledging their crypto investments on our smart contract users can avail an instant over-collateralized loan to meet their financial needs. Nord.Loan is a personal overdraft facility where the users pay interest only when they withdraw the amount. Nord.Loans is a hassle-free way to get funds without liquidating your assets.

Nord.Swap:

Nord.Finance is designed to be ethereum compatible, blockchain agnostic and a multi-network universal protocol to enable exchange and interaction of digital assets. The protocol offers multi-chain asset swaps facility to its users

Key Product Features:

• Highest Returns: Automated portfolio rebalancing across liquidity pools for the highest risk adjusted APY
• Robo Advisory: Customized investment strategies for investors designed to meet their financials goals
• Loan Against Assets: Providing liquidity to investors against their investments in the protocol
• Zero-Cost Transactions: No upfront network fee for deposits, the smart contract absorbs the gas fee which is adjusted in the final APY.Pooled liquidity to deliver upto 99% savings on the transaction fee to its users making the DeFi ecosystem accessible to the masses
• Cross-Chain Swaps & Interoperability: Provide cross-chain liquidity to ensure users across other chains have access to DeFi ecosystem
• Connect & Stake: A hassle-free user experience with an intuitive UI offering one-click access to DeFi Yield Farming
• Intuitive & Easy to Use UI: Track investments & APYs in real-time. seamless interoperability
• Community Driven: Nord Finance governance token will be used to vote on yield-farming strategies

As part of our transition from Slick Finance to Nord Finance, we have rebranded our Website, Telegram and Other Social Media Accounts.

Connect with us…

• Join our Telegram
• Join our Telegram Announcement
• Follow our Twitter
• Visit our Website
• Mail us at contact@nordfinance.io