Nord Finance
  • Nord Finance
  • Nord Savings V1
    • How to use Nord.Savings V1
    • How to use Nord.Savings V2 (Polygon)
    • How to use Nord.Savings V2 (Avalanche)
    • How to use Nord Advisory on Polygon
    • Nord.Savings FAQs
  • Staking Guides
    • How to add NORD liquidity on Pancakeswap
    • NORD-ETH LP (UNI-V2) Staking Guide
    • NORD Staking Guide
    • KRIDA Staking Guide
  • NFT Loans V1
    • How to use NFT Loans V1
    • Nord NFT Loan FAQ
    • How to use NFT Loans V2
    • Nord NFT Loan V2 FAQ
  • Testing Guide
    • NORD Savings Beta Testing Guide
  • Nord Savings Polygon Beta Testing Guide
  • Security Audits
    • Security Audits
  • Partners
    • KRIDA Staking Guide
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On this page
  • Is there any fee to deposit and withdraw stablecoins?
  • How to see the complete balance of DAI/USDC/USDT/NORD on NORD Savings V1 dashboard?
  • What is nTokens (nUSDT/nDAI/nUSDC)?
  • Why it shows 0 Nord token when I withdraw nTokens?
  • What are different Tiers in Nord Savings on Polygon?

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  1. Nord Savings V1

Nord.Savings FAQs

Is there any fee to deposit and withdraw stablecoins?

Etherereum

Protocol Fee (entry load): Each user is charged 0.5% on the capital for the platform revenue

  • Withdrawal Fee: 0%

  • Performance Fee : 0%

Nord.Savings maintains a reserve of about 20% of the total supply to make small withdrawals cheap. If the withdrawal amount is more than the reserve available, the withdrawal happens from the pools that Nord.Savings has supplied to.

Polygon

Protocol Fee (entry load): Each user is charged 0.5% on the capital for the platform revenue

The protocol will charge every NORD saver a 1% fee on exit to be shared pro-rata as shown below:

  • Treasury: 0.3%

  • Redistribution to NORD long term staking holders: 0.3% ( for single asset staking on polygon coming soon)

  • Redistribution to stablecoin holders: 0.4%

  • Withdrawal Fee: 0%

  • Performance Fee : 0%

How to see the complete balance of DAI/USDC/USDT/NORD on NORD Savings V1 dashboard?

We truncate the balance due as some ERC20 tokens have more decimals. You can see the complete balance by just hovering the mouse over the text.

What is nTokens (nUSDT/nDAI/nUSDC)?

nToken is interest-bearing token issued against your deposit. With yield farming on Nord Savings your nTokens (nUSDT/nDAI/nUSDC) will start accumulating interest on your deposits. When you withdraw, you will receive the original amount plus interest earned in your base token (USDT/DAI/USDC).

Why it shows 0 Nord token when I withdraw nTokens?

Partial Withdrawal of Nord is not withdrawal when you withdraw some nTokens. If you withdraw 100% of the nTokens, all your staked Nord will be unstaked. You can claim the unstaked Nord tokens once the unbounding period ends (if any).

What are different Tiers in Nord Savings on Polygon?

NORD holders enjoy an additional layer of APY boost upto 12.5% for staking their NORD. Depending on your holdings, stake NORD on Polygon to get the below listed APY boost.

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Last updated 3 years ago

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