Nord Finance joins Orion Protocol Network as Orion Enterprise Partner.

Orion Protocol announces a deep integration with Nord Finance across several Orion Enterprise solutions, including: Orion Liquidity Pool, Orion Lending, Orion Oracle, Orion Wallet Swap SDK, and Orion Liquidity Boost Plugin. With a collective mission to ensure the sustainability of DeFi, the two will work together to improve accessibility, liquidity, and interoperability.

Built on the most advanced liquidity aggregator ever developed, Orion Protocol will aggregate the liquidity of every crypto exchange into one decentralized platform: providing a decentralized gateway to the entire market. This underpins each industry-critical solution built on the protocol, including the flagship product Orion Terminal. Meanwhile, Orion Enterprise provides critical liquidity solutions for businesses in the space.

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 ecosystem includes four key products: Nord.Savings, Nord.Advisory, Nord.Loans, and Nord.Swap. Nord.Savings on Ethereum mainnet is due for release in Q1 2021.

The Orion and Nord Finance integration is vast, driving strategic value across several solutions:

  • Orion Liquidity Pool: Orion Protocol is currently developing the world’s largest liquidity pool, composed of assets from all major third party wallets. Token holders will be able to monetize their idle assets that are in their crypto wallet of choice by using those assets to provide liquidity within Orion Liquidity Pool. From Q2 2021, Nord Savings will inject platform liquidity and support stable coin liquidity provision within the pool.

  • Orion Lending: Through aggregating the liquidity of and depth of all major centralized exchanges, Orion Protocol will be the first project to enable high-margin decentralized trading, and users will be able to earn passive income by lending their assets. Nord will participate in the pilot phase of Orion Lending in Q2, executing verification of Nord Savings strategies to Orion Lending. After successful testnet implementation, Nord Savings will act as a liquidity provider and integrate its strategies for maximum yield.

  • Orion Oracle: Orion Oracle enables the market-leading price oracle that is resilient to price manipulation due to price derivation from every order book in the market. Nord Finance will seamlessly integrate the Orion Oracle to gain an edge over price manipulations to access accurate and reliable price data amidst market volatility and dynamism.

  • Orion Wallet Swap SDK: Orion Wallet Swap SDK allows users of third party crypto wallets the ability to access Orion’s liquidity via a swap widget directly integrated within the wallet’s interface. Wallet users will be able to swap crypto without leaving their wallet of choice, using liquidity of exchanges without the need for any exchange accounts. Orion Wallet Swap SDK will be integrated with Nord products to allow users to swap and deposit assets of their choice.

  • Orion Liquidity Boost Plugin: Orion Liquidity Boost Plugin provides exchanges immediate access to the liquidity and volume of all exchanges in the market. By utilizing the plugin, Nord will reduce slippage and liquidity issues across Nord.Swap and other products, while facilitating access to different crypto currencies portfolios.

With a collective mission to ensure the sustainability of decentralized finance, Orion Protocol and Nord Finance will work together across a number of initiatives to improve the accessibility, liquidity, and interoperability of DeFi.

Amarnath Reddy, CEO + Co-Founder Nord Finance: “With Nord.Savings launch around the corner and Orion’s liquidity aggregation and lending platform gives both projects the opportunity to synergise for the testing and integration into the Nord Finance ecosystem. Orion aggregates and provides a single point of access to DEXs. This will help Nord to reduce slippage and Liquidity issues while exchanging across different crypto currencies portfolios.”

Alexey Koloskov, CEO + Co-Founder Orion Protocol: “With a shared goal to improve the accessibility of DeFi. we’re incredibly excited to be partnering with Nord Finance across a number of Orion and Nord solutions, working synergistically to further our collective product offerings.” 

 


About Nord Finance

Nord Finance, a blockchain agnostic platform, is an advanced decentralized financial ecosystem focusing 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.

Website | Twitter | Telegram | Telegram Announcement | Medium 

 

About Orion Protocol

Built on the most advanced liquidity aggregator ever developed, Orion Protocol aggregates the liquidity of every single crypto exchange into one platform: providing a decentralized gateway to the entire crypto market. By aggregating the market into one place, they’re building a protocol on which to bridge the worlds of crypto, traditional finance, and real world assets.

Website | Twitter | Telegram | Github | Blog



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