an-NAO-lysis: DeFi Giant Double-Down on Real-World Assets
As many of you already know, NAOS Finance and our partners are currently undergoing the final steps to secure approval for tokenizing and funding supply chain finance assets with Maker DAO. The first step of our long-awaited vision will soon become a reality!
Everything has been moving along smoothly, and we’d like to thank our community for their support and the team at MakerDAO for helping push this forward. Their platform is providing us with this tremendous opportunity to expand our horizons.
Along with all of this great news on the NAOS front, MakerDAO still continues to commit itself to driving the adoption and onboarding of real-world assets. Its recent MIP39c2-SP13 proposal is a key example of this, where it is considering adding the Oracles Core Unit to the protocol to improve on this process.
Oracle Core Unit: Real World Assets are the Future
The proposal advocates for the DAO to stay in control of the system to ensure maximum security, making the oracles proprietary to the protocol. By keeping the oracles within the ecosystem as opposed to having an external solution, the aim is to provide enhanced flexibility and faster speeds.
Maker oracles will also have several core competencies that set them apart from competitors, such as economies of scale, credibility/reputation, etc. But where it really shines is its use case for real-world assets, as mentioned in their core unit launch pod session.
As one of the two strategic imperatives behind this potential new core unit, there is belief that real world assets will quickly snowball and become the dominant kind of the collateral portfolio over time. There’s also already incredible demand for asset originators to onboarding real-world assets onto MakerDAO and borrowing in DAI, and buying oracle services from the protocol could become a requirement before assets are on boarded as collateral, as a natural moat.
There is huge growth potential for Maker’s oracles to lead the real-world asset market and dramatically scale, as it currently is the leader in providing credit to asset originators and can establish a consistent and lucrative income channel.
As NAOS Finance continues to work with Maker, we’ll be looking to play a critical role in this technology to bring the most value to our community and partners through these oracles. The opportunities are endless!
The proposal is still ongoing and remains to be voted on at the governance and executive level, so stay tuned for more updates!
About NAOS Finance
NAOS Finance is a DeFi lending protocol allowing lenders and SME borrowers to facilitate permissionless and borderless loaning/borrowing transactions on the blockchain. Built on Ethereum, our platform lets users tokenize real-world assets and subsequent lending.
$NAOS is the governance token and can be used to interact with the protocol and earn rewards. Users have the option to lend, borrow, stake, and mine to transact with others around the globe and earn additional rewards with our token.
Website | Whitepaper | Telegram Announcements Channel | Telegram Community | Discord | Twitter
