How to use Nord.Savings V1
Last updated
Last updated
Gear up to experience the power of NORD.Savings V1
We are extremely thrilled to share that Nord.SavingsV1 is now live! In this guide, we will go through each of the steps so that you can get a seamless experience of our product Nord.Savings V1.
Please follow this detailed guide step by step for each functionality to understand the dynamics involved. Enjoy and experience the power of NORD Savings V1 in the most exciting way. Remember to join the NORD community to drive DeFi adoption to the mainstream, as we are always excited to hear from the community.
Nord.Savings is supported by only Chrome & Brave browser and it works only on Desktop with Metamask & other wallet which supports WalletConnect feature.
Getting started
In order to seamlessly explore NORDSavings V1, the user will be required to set up the Metamask Wallet and tokens available in it.
Go to https://app.nordfinance.io
Now we will take you through the intricate process of how to employ deposits, withdrawals and claim reward bounties built into the UI structure of Nord.Savings V1.
Click the “Connect” button to get seamless access to Nord.Savings V1 Dashboard with Metamask Wallet.
Select Metamask option to connect with MetaMask wallet.
Select WalletConnect option to connect with wallet if you are using any other wallet which supports WalletConnect.
Scan QR code from the wallet App and connect to a particular account.
You will now be able to view the wallet balances for different tokens. All the balances including Pool and NORD APY will be auto populated and refreshed at every 2 minutes. You can manually refresh all the balances using the 'Refresh' button located on top-right.
Select the crypto that you want to deposit and enter the amount to be deposited.
After clicking “DEPOSIT”, a pop-up message will appear where you can utilize the toggle button to select either infinite approval or normal approval.Go ahead by clicking “Yes and Continue”
Now you are ought to receive the Metamask pop-up message which will allow you to either “Confirm” or “Reject” the transaction for allowance approval.
Once you have selected the option “Confirm”, the transaction will effectively take place. Within a matter of a few seconds, the initiated allowance approval process will commence.
When the transaction is complete, you should receive a Metamask pop-up message for you to either “Confirm” or “Reject” the transaction for deposit.
Once you have selected “Confirm” the transaction will take place. Give it time to go through, you have now initiated the Deposit process.
When the transaction is complete, you should receive nToken which will be reflected on the Dashboard.
Remember to not move any of your nToken (nUSDT/nUSDc/nDAI) token from the wallets, otherwise users may fail to earn $NORD rewards.
Click the Claim Nord option in order to receive the Nord token awarded for the deposited amount.
After clicking “Claim Nord”, your Metamask will show a pop-up message allowing for you to either “Confirm” or “Reject” the transaction for claiming the reward.
Once you select “Confirm”, the transaction will seamlessly take place. While you give some time, you have now initiated the Claim Reward process.
When the transaction is complete, you should receive Nord tokens in your Metamask wallet and the same will be reflected on the Dashboard.
You need to add NORD token contract address (0x6e9730ecffbed43fd876a264c982e254ef05a0de) to Metamask as a custom token to see the NORD balances in the wallet.
Click the Withdraw button to withdraw the deposited amount.
After clicking “WITHDRAW”, a pop-up message will appear where you can confirm withdraw order.Go ahead by clicking “Yes and Continue”
Now you are ought to receive the Metamask pop-up message which will allow you to either “Confirm” or “Reject” the transaction for withdraw.
Once you select “Confirm”, the transaction will take place. Within a matter of seconds, you have now initiated the Withdraw process.
When the transaction is complete, you should receive withdrawn tokens in Metamask Wallet. The same will be reflected on the Dashboard.
Congratulations on making it! We have now effortlessly concluded all the current functionality processes of Nord.Savings V1. We can’t wait to hear back the constructive feedback and valuable inputs which you think would make Nord one step closer to the community and enhance user experience. We will soon be integrating new features on our platform. Until then stay tuned as we push through latest technological updates, strategic partnerships and community events. Nord Vikings have truly made this a reality.
For any help, please feel free to write to us at contact@nordfinance.io
Cheers!
