NAOS ALPHA Pool Tutorial
The first NAOS ALPHA Lending Pool is coming live on Wednesday, March 9! As a regulated DeFi protocol, NAOS requires lenders in the ALPHA pool to complete KYC. In addition to earning NAOS rewards, the NAOS ALPHA Pools provide competitive yields in stable coins that are backed by income-generating real-world assets.
Are you ready to jump in? Let us show you how to step by step!
Preparation
1. KYC
Complete the KYC to be eligible to invest in the RWA lending pools.
The detailed guide for KYC is here.
There are two KYC options, please select either to complete the process. If you’ve completed the KYC with either provider before, you can just log in with the same account. Otherwise, you can choose to log in via Google/Telegram account on Sumsub or register on Securitize. Once you’ve completed the KYC process with a provider, you can easily invest in the next lending pool.
2. Sign the Subscription Document
After KYC is approved, sign the subscription document with the borrower via Docusign. The borrower will countersign the agreement and send the completed agreement to your email to complete the process.
Your signed agreement will be sent to the borrowers for countersign. You’ll receive a confirmation email upon completion. After the confirmation, NAOS will whitelist your wallet within 24 hours, then you’re ready to go!
The KYC and agreement signing process may take up a couple of days, NAOS will notify you via email when both are completed.
Step by Step Guide
1. Entering ALPHA Lending Pool
Visit app.naos.finance, connect your wallet to the BNB chain.
Go to the NAOS Galaxy page, click Corl, and then to the ALPHA Lending Pool.
2. Investing in the ALPHA Pool
You’re required to complete both KYC and agreement signing before investing.
Deposit
You’ll be required two confirmations at the first time you deposit, first to approve the contract interaction, second to confirm the deposit transaction.
When you see this page, you’ve successfully financed a real world-asset!
3. Redeem
Each ALPHA Pool has an asset maturity. If you want to redeem your principal before the maturity date, please ‘register to redeem’ and wait for the redeemable fund.
After ‘register to redeem’, click the redeem button again and check. When the page shows a redeemable amount, click the REDEEM button for redemption. The registered BUSD will accumulate yield until it turns to redeemable.
With successful redemption, the redeemed principal and your interest in stablecoin will go to your wallet.
4. Boost ALPHA Pool yield
The yield in ALPHA Pool consists of two parts: the stablecoin (fixed) + NAOS token (variable). You can boost yield in NAOS token by staking in NAOS Boost Pool.
Click the Invest button in ALPHA Pool — Choose the boost button next to NAOS Boost Pool bar, then redirect to NAOS Boost Pool for deposit. You can refer to this link for NAOS Boost Pool Guide.
Then go back to the Alpha Pool page and click Rebalance, your boosted reward weight will take effect after you finish this step.
If you’ve staked in the NAOS Boost Pool before investing in ALPHA, your reward weight is already boosted and you don’t have to do any further actions.
FAQ
- Is KYC mandatory? How do I know my KYC is passed and how long does it take for approval?
Yes. NAOS is a regulated DeFi protocol, and all ALPHA Pool lenders require KYC before investing. After completing the KYC process, you’ll receive a confirmation email if you passed KYC. Normally it takes 1–3 business days.
Please note that your completed KYC is valid for 12 months.
2. How long does it take to sign the subscription document? How do I know the agreement is signed?
Your signed agreement will be sent to the borrowers for countersign. You’ll receive a confirmation email upon completion. After the confirmation, NAOS will whitelist your wallet within 24 hours, then you’re ready to go!
3. Can I partially redeem my principal?
When you ‘register to redeem’, you can only redeem the total amount for each transaction you made in the ALPHA Pool. So if you want to keep the flexible amount for redemption, you can divide your total investment into multiple transactions.
For example, if you deposit 32,000 BUSD at once, you will redeem it as a whole. If you deposit it by three transactions (10,000 BUSD, 10,000 BUSD and 12,000 BUSD), you can select the amount to register, like 12,000 BUSD.
4. How can I know if there is a redeemable fund in ALPHA Pool? How long will it take?
The redeemable fund comes from the pool reserve and the new deposits made in the pool. After ‘register to redeem’, you can click the “ALPHA Pool” and check the ‘redeemable’ part. The pool balance is dynamic, so please check and withdraw while it is redeemable.
5. As the yield for ALPHA Pool is BUSD+NAOS, can I claim the BUSD+NAOS rewards anytime?
You can claim your NAOS rewards anytime. For the stablecoin (BUSD) part, you’ll receive it when you successfully redeem it from the pool.
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.
