Ethereum continues to shoulder many of the DeFi applications but the DeFi boom is exposing Ethereum’s scalability issues; the inability of the network to effectively handle more users and increased functionality. Users using DeFi platforms built on the ethereum network are forced to pay a high amount for gas fee and transactions.
Aside from high gas fees, many users do not really understand how DeFi works, creating an information gap between savvy and the average crypto investors.
Introducing Nord Finance, an advanced decentralized financial ecosystem designed to simplify DeFi investing by bringing key features of traditional finance to the DeFi ecosystem. One of the Key Product Features is Zero-Cost Transactions; There will be no upfront network fee for deposits, their smart contract will absorb the gas fee, making interacting with their platform less expensive compared to other projects on the ethereum network.
Nord Finance will be designed as a block-chain agnostic platform with multi-chain interoperability. Unlike existing DeFi projects, Nord Finance will go beyond swaps, loans, and stable coins; It is a DeFi ecosystem that can unleash the massive potential of DeFi.
Nord Finance is building a one-stop advanced decentralized financial ecosystem that will consist of 4 key products:
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 financial 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
I find the Nord Finance project quite interesting and i am looking forward to a successful launch of the Nord Finance platform.
Disclaimer: Information shared in this article are my personal opinions and should not be taken as investment advice, always do your own research before making any decision.