NAOS Protocol Mainnet Launch on Binance Smart Chain
NAOS Protocol mainnet will officially launch on Binance Smart Chain on Wednesday, December 1st! It has been a wonderful journey and we thank our community for the continued support! Smart contract coding was the easiest part of the journey, the real work is utilizing codes and processes to simulate complex real world scenarios and legal structures.
We’ve engaged CertiK to perform a security audit for Galaxy, and Quantstamp to perform a 2nd security audit for Formation. Galaxy’s audit report is now available on Certik’s website, and the commit hash of Formation’s re-audited code was taken from our Github repositories:
Galaxy-Audit: https://www.certik.com/projects/naosfinance
Formation-Re-Audit: https://github.com/NAOS-Finance/NAOS-Formation/tree/master/audit
While NAOS Protocol will launch in its entirety on December 1st, user participation will be in two phases:
DeFi Phase: Formation + Galaxy NAOS Boost Pool and Beta Insurance Pool
CeFi Phase: Galaxy Alpha Lending Pool (We’ll start conducting KYC and collecting subscriptions)
Formation Early Participants NFT Rewards
To show our appreciation for the early supporters of Formation, we’ll airdrop exclusive NFT — Early Supporters Edition!
Eligibility: Participants who have meet either of the following conditions will receive the NFT:
- Formation participants who have deposit DAI and borrow nUSD
- Formation participants who have staked in any of the pools since Jul 14th for over 30 days
- Formation participants who have staked in any of the pools and never unstake
How to claim the NFT:
1. We will whitelist eligible users’ ETH address staked on NAOS Formation Protocol which is BSC -compatible to receive the NFT
2. Eligible users can claim the NFT on https://galaxy.eco/naosfinance starting from Dec 1. Please make sure to switch your wallet mainnet to Binance Smart Chain before claiming.
NAOS Protocol is designed for users with different yield appetites, regardless if you’re a NAOS token holder. There is a solution for both NAOS token and stable coin holders.
Profile #1: Low Risk Appetite
- Solution: Formation Vault + Ellipsis Pool in “Farm”
- Holding: BUSD
- Reward: BUSD + NAOS token
- Risk: Variable yield from strategies
Profile #2: Low-Medium Risk Appetite
- Solution: Galaxy Alpha Lending Pool
- Holding: BUSD
- Reward: BUSD + NAOS token
- Risk: Variable yield from real world lending depending on the asset onboarded
Profile #3: Medium Risk Appetite
- Solution: Galaxy Beta Insurance Pool
- Holding: nBUSD
- Reward: NAOS token
- Risk: In case of default in Alpha Lending Pool, Beta Insurance Pool will provide coverage
Profile #4: Low Risk Appetite
- Solution: NAOS Pool
- Holding: NAOS token
- Reward: NAOS token
- Risk: Variable yield from the NAOS Pool
Profile #5: Medium Risk Appetite
- Solution: NAOS Boost Pool
- Holding: NAOS tokens
- Reward: NAOS token
- Risk: NAOS tokens are subjected to lockup/cooldown period
Profile #6: Medium Risk Appetite
- Solution: Galaxy Alpha Lending Pool + NAOS Boost Pool
- Holding: BUSD and NAOS tokens
- Reward: BUSD + NAOS token (boosted yield)
- Risk: Variable yield from real world lending and cooldown period
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.
