NORD FINANCE JOINS ORION PROTOCOL NETWORK
Orion protocol announced an integration with Nord Finance in various Orion Enterprise solutions, including Orion Protocol, Orion Liquidity Pool, Orion Lending, Orion Oracle, Orion Wallet Swap SDK Orion Liquidity Boost Plugin. With a joint mission to ensure DeFi sustainability, the two will improve accessibility, liquidity, and interoperability.
The Orion protocol is based on the most advanced liquidity aggregator ever developed. It combines the liquidity of any crypto exchange on a decentralized platform — providing a decentralized gateway to the entire market. This supports any protocol-based industry-critical solution, including the flagship Orion Terminal. Orion Enterprise provides critical liquidity solutions for companies in this field.
Nord Finance is an advanced decentralized financial ecosystem designed to simplify DeFi investment by integrating traditional finance’s key features into the DeFi ecosystem. The Nord Finance ecosystem consists of four core products: Nord Savings, Nord Advisory, Nord Loans, and Nord Swap. Nord Savings in the Ethereum mainnet is expected to start in the 1st quarter of 2021.
Orion and Nord Finance’s integration is enormous and supports the strategic value of various solutions:
ORION LIQUIDITY POOL: The Orion Protocol is currently developing the world’s largest liquidity pool of assets from large third-party wallets. Token holders can monetize their unused assets in their chosen crypto wallet by using them to provide liquidity within the Orion Liquidity Pool. From the second quarter of 2021, Nord Savings will increase the platform’s liquidity and support stable liquidity for currencies within the group.
ORION LENDING: The Orion Protocol combines all major core exchanges liquidity and depth and is the first project to enable high-margin decentralized trading. Users can earn income by lending their assets. Nord will participate in the Orion Lending pilot phase in the second quarter and validate the Nord savings strategies for Orion Lending. After successfully implementing the test network, Nord Savings will act as a liquidity provider and integrate your strategies for maximum profitability.
ORION ORACLE: Orion Oracle offers a market-leading price oracle that is price manipulation resistant as prices are derived from all order books on the market. Nord Finance will seamlessly integrate Orion Oracle to gain an advantage in price manipulation and access accurate and reliable price data between market volatility and dynamics.
ORION WALLET EXCHANGE SDK: With the Orion Wallet Exchange SDK, third-party crypto wallet users can access Orion liquidity via an exchange tool integrated directly into the wallet interface. Wallet users can trade cryptocurrencies without leaving their preferred wallets using the exchange’s liquidity without the need for a currency account. The Orion Wallet Exchange SDK is integrated with Nord products to enable users to trade and deposit their choice assets.
ORION LIQUIDITY BOOST PLUGIN: With the Orion Liquidity Boost plugin, exchanges get instant access to liquidity and volume of all exchanges on the market. Nord facilitates access to various cryptocurrency wallets by using the plugin while reducing slip and liquidity problems with Nord Swap and other products.
With a shared mission to ensure the sustainability of decentralized funding, the Orion Protocol and Nord Finance will work together on several initiatives to improve DeFi’s accessibility, liquidity, and interoperability.
Amarnath Reddy, CEO, and co-founder of Nord.Savings: “With Nord Savings just around the corner, and Orion’s credit and liquidity collection platform, it offers both projects the opportunity to test and build synergies for integration into the Nord Finance ecosystem. Orion collects the DEXs and provides a single access point. This will help Nord reduce slip-ups and liquidity problems when trading between different cryptocurrency wallets.”
Orion Protocol CEO and Co-Founder Alexey Koloskov: “Improving DeFi accessibility with a common goal. We are very happy to be working alongside Nord Finance on a range of Orion and Nord solutions and working synergistically to advance our joint product offering.”
ABOUT NORD FINANCE
Nord Finance, a blockchain agnostic platform, is an advanced decentralized financial ecosystem that simplifies decentralized financial products for users by highlighting the core aspects of traditional finance. Implemented on the Ethereum network, it integrates the interoperability of multiple chains.
ABOUT ORION PROTOCOL
Built on the most advanced liquidity aggregator ever developed, the Orion protocol combines every crypto exchange’s liquidity on a single platform. It provides a decentralized gateway to the entire crypto market. By bringing the market together in one place, they create a protocol that unites the worlds of cryptocurrencies, traditional finance, and real assets.
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