AMA Session with Kevin Tseng from NAOS Finance
Guest: Kevin Tseng, Founder of NAOS Finance
Host: Iris of MEXC Global
Iris: Today, we’re honored to have Kevin Tseng, Founder of NAOS Finance, to our community to give us a more intuitive introduction to their unique project.
Kevin, welcome. Would you like to say hello and introduce yourself?
Kevin: Prior to founding NAOS, I was both an investor and startup founder
I led strategic investment at Alibaba Group and The Walt Disney Company, and founded 3 tech startups in Asia, sold all of them to Alibaba Group and DeliveryHero
Questions about the project
Iris: What is NAOS Finance? What are NAOS Finance’s unique selling points as compared to other similar projects in the industry?
Kevin: NAOS solves problems in both DeFi and CeFi by bridging the two. In DeFi, NAOS brings real world assets on-chain at scale, allowing web3 technologies to have real world use cases
The main application is to facilitate the borrowing of crypto assets by using real world assets as collateral. NAOS provides borrowers with easy access to cheaper capital globally, and offers lenders with predictable and consistent yield from income generating assets such as corporate loans and accounts receivables.
NAOS operates on the proven traditional financing model, which provides lending capital to borrowers in exchange for interest payments. The value accrues through the spread between cost of funding and interest payment.
NAOS shares a similar lending model as Centrifuge but with a few key design differences
Centrifuge relies on lending protocols such as MakerDao for source of liquidity, NAOS partners with the same lending protocols and has built its own liquidity source (Formation)
Centrifuge requires KYC on all users in Senior/Junior tranches, NAOS only requires KYC on users in Senior tranche, and converts the Junior trache into a DeFi insurance stalking pool, allowing all users to participate without the need for KYC
most importantly, NAOS holds financing licenses in multiple regions, allowing us to operate in a compliant manner!
Iris: What is the role of $NAOS in NAOS Finance? Would you tell us more about its tokenomics?
Kevin: thanks for asking, we def. spent a lot of time thinking about the usage of NAOS token
NAOS token is a critical component in decentralizing NAOS Protocol. The industry is at an extremely early stage with real world lending through DeFi, and many of the processes are not fully decentralized due to the lack of infrastructure and community readiness
$NAOS is the key to democratize traditional banking process, allowing the global community to get involved with the asset pricing and approval process that is traditionally done in an opaque manner by financial institutions
As a governance token, NAOS holders will be able to vote on operational matters such as asset onboarding, interest rate setting, and reward allocations. Token holders will also be able to suggest and prioritize new product features
NAOS tokens also serve as a “right of entry”, lenders will need to stake/lock NAOS tokens to boost yields from the lending pool, and borrowers will need to stake NAOS tokens into the insurance pool to initiate lending pools
Iris: btw, you can get NAOS now on MEXC Global 👉 https://www.mexc.com/exchange/NAOS_USDT
Kevin: yes! come visit us on MEXC :)
Iris: NAOS has been listed on MEXC Global lately along with a few other exchanges. Are there any other exciting news or updates you would like to share with us?
Kevin: Absolutely! Bringing real world asset to DeFi has become the focus for many other protocols. We’re co-developing oracle solution for real world assets with Chainlink.
We’re also approved by MakerDao to fund real world assets. We’ve also gotten Tidal Finance to provide insurance coverage for real world assets and there is a long list of amazing partnerships ahead, all aiming at propelling our mission to bring real world assets on chain
Iris: all big names 👍
Kevin: so stay tuned for our mainnet launch in a few weeks!
Iris: NFTs and Metaverse are booming, especially with giants like Facebook getting in the game. Does NAOS Finance have any plans on NFTs?
Kevin: oh forgot to mention! https://test.naos.finance/home
Our testnet is currently on-going, you will be able to see how we bridge CeFi and DeFi. Circle back to the question…
Iris: make sure to visit and try the testnet out guys: https://test.naos.finance/home
Kevin: yes, financial NFT is a part of the NAOS operation process. Instead of treating NFT as a representation of art of collectables, we implement NFT as a tool. Financial assets and collaterals will be tokenized into NFTs. And our asset pools constitutes different NFTs representing different types of financial assets, with different terms, risk profiles and interest rates
One can think of it as a mutual fund that has different stocks and bonds
Iris: DeFi players value security A LOT! What are the measures that you have done or are going to take to ensure the security of your platform?
Kevin: hahah great question! This is what keeps our team up at night. We’ve completed 1 audit and are currently on 2nd audit, and we plan on getting a 3rd audit, always getting another pair of eye on the security issues.
There is also an ongoing bounty program with Immunifi and we’re working with white hat communities. In addition, NAOS protocol is unique in a way that the fund is not “locked” in a smart contract.
We deploy the fund to real world lending :) Thus we don’t foresee a case where the flash loan hacks would happen
Iris: that’s a smart move 🙌
Iris: If you were to summarize your project in ONE word, what would it be? Why?
Kevin: Financial-Metaverse :) one word
ok i know i’m cheating here
Iris: haha, i’ll let you get away with that 🤓
Kevin: the concept of metaverse is to connect real world with virtual world, and we’re doing the same with financial system
We connect virtual DeFi world with the real financial system, starting with real world lending, and then move into credit based lending, not only for corporations, but also individual borrowers
Iris: great one-word summary, very proper i must say 👍
Kevin: the future of DeFi is definitely not over-collateralization, but a credit based system, that’s how the real world works, and we aim to be the trailblazer to make it happen
Q1. Most users only care about immediate benefits rather than the real value of the project in the long-term. How can Your Project convince users invest to your platform in the long-term?
Kevin: NAOS is targeting users who are looking for sustainable and reliable yield that’s attractive and competitive. Our yields comes from income generating assets, with real interest payments
Q2. What is project’s revenue model? In which ways do you generate revenue/profit?
Kevin: We accrue value by servicing the global financial market, one example is to onboard lenders from Japan who are making 0.01% APR from bank, and deploy capital to borrowers in Mexico who are currently borrowing at 8%
Q3. What’s your main focus right now, are you focused on the community or market/Exchange or the products?
Kevin: Our focus right now is to scale the real world asset on-chain, and make sure we emulate the entire banking process on-chain
we will continue to work with partners to expand on the ecosystem and make sure more innovations will come out of the NAOS infrastructure
then we must move into a credit-base lending model, which the team has years of experience building credit scoring and predictive models
Q4. How can users stay updated with this project? Are there channels, including local communities where users can get the latest updates?
Kevin: these are our TG channels, come join us!
👉 添加小助手微信 @NAOS-Admin
Q5. Most investors focus only on the short-term price rather than the real value of the project. Can you tell about the long-term benefits for investors in the project?
Kevin: we are fortunate to have top investors such as Coinbase, they share our vision and have a long term interest in our development
MEXC Global: https://www.mexc.com/