Nord Finance to Run on Syscoin

Syscoin is dedicated to building the optimal platform to host every application that requires gold standard security, programmability, future-proof scalability, and a special emphasis on decentralization when it is needed. By following our announcements this year, you have probably noticed how we are pushing to expand our ecosystem in the DeFi sector. This is why we are pleased to announce our newest partner, Nord Finance.

Nord Finance offers an entire suite of DeFi products designed to give individuals greater accessibility to creating wealth than anything offered in the traditional markets. Like us, they believe that interoperability will only become more prominent as people are given more opportunities to take advantage of crypto services in the way that best suits them. Accordingly, Nord Finance has chosen to run Nord Savings and Nord Staking services on Syscoin to combine and offer each of our user bases greater flexibility for how they handle their assets.

Our two organizations will continue to work together to bring more Nord Finance products into Syscoin, especially as we prepare to implement ZK-Rollups. Regarding the partnership, Amarnath Reddy, Co-Founder & CEO of Nord Finance had the following to say:

We are glad to partner with Syscoin to provide Nord Finance's product suite to investors on Syscoin. Syscoin’s expertise in creating blockchain technology will help Nord Finance to build new investment avenues for our platform users. Our partnership will bring attractive investment opportunities with the Nord Savings and Nord Staking programs for Syscoin users.
- Amarnath Reddy, Nord Finance Co-Founder & CEO

Our own Michiel of the Syscoin Foundation added:

The Syscoin team is thrilled to be working with Nord Finance to unify our user bases and offer each of our growing communities the tools they need to leverage DeFi on their own terms. We look forward to realizing new opportunities as we further expand our offerings together.
- Michiel, Syscoin Foundation Vice President

About Nord Finance

Nord Finance’s mission is to foster innovative solutions for wealth generation powered by blockchain technology. They are host to an advanced decentralized financial ecosystem designed to simplify DeFi investing by bringing key features of traditional finance to the DeFi ecosystem. Their products include a plethora of financial primitives including savings, advisory, crypto-collateralized loans, investment & fund management, and swaps.

About Syscoin

Syscoin is a decentralized and open-source project founded in 2014 whose NEVM combines the best of Bitcoin and Ethereum in a single coordinated platform.

Bitcoin's proven security and Ethereum's Turing-complete programmability elevated to true L2 scalability via ZK-Rollups, Syscoin is ushering in the next step in the evolution of blockchain technology.

Mar 24, 2022 by Syscoin Foundation