Galaxy BETA Pool Testnet Now Live!
Galaxy BETA Insurance Pool testnet is live now! We’re extending the Bounty program to November 14th, 2021, participate to win your share of $10,000 NAOS tokens! 10 lucky participants in BETA pool testing will be rewarded with a $100 NAOS token each: Find details here.
Winners will be announced after the testing. Join the NAOS community and stay tuned!
BETA Pool Tasks
- Deposit mock DAI and borrow mock nUSD from Formation Vault
- Deposit mock nUSD in BETA pool to get BETA tokens
- Stake BETA tokens in NAOS BETA Pool
- Claim staking rewards and unstake BETA tokens
- Withdraw redeemable mock nUSD
To be eligible for rewards, please submit NAOS Galaxy Testnet Feedback Form.
Guide to Galaxy BETA Pool
Galaxy Testnet is deployed on the Rinkeby Test Network. We added a Dashboard page to show TVL, APR, RWA data and user transaction history.
Step 1: deposit mock DAI and borrow mock nUSD in Formation Vault
You’re able to borrow nUSD up to 50% of deposited DAI
Click Borrow to get mock nUSD
Step 2: deposit mock nUSD into BETA pool to get BETA tokens
Go to Galaxy > Real World Assets Pool > BETA Pool
Input nUSD amount, DEPOSIT to get BETA tokens
Step 3: stake BETA tokens in BETA Pool
You’ll see the number of BETA tokens available to stake
Click Stake here
Step 4：claim staking rewards and unstake BETA tokens
To get staking rewards, simply click CLAIM REWARD
You’ll find the number of BETA tokens staked
Click UNSTAKE
Step 5: withdraw redeemable mock nUSD
Enter Galaxy > Real World Assets Pool, click the REDEEM button on the top
Choose the BETA category, put in the amount then click Redeem
Don’t forget to submit this NAOS Galaxy Testnet Feedback Form after completing the tasks. We appreciate your suggestions to help us improve!
About NAOS Finance
NAOS Finance is a decentralized real world asset (RWA) lending protocol that facilitates the borrowing of crypto native assets by using RWA as collateral. NAOS has established a large network of corporate borrowers and is operating with financing licenses in multiple regions. In the effort of connecting CeFi with DeFi, NAOS takes an ecosystem approach and looks to engage in meaningful strategic partnerships to expand the boundary of decentralized finance.
