NAOS Protocol UI/UX Upgrade
We’ve upgraded NAOS UI/UX to make the RWA lending process more intuitive, and to ensure flexibility of additional features in the future. The ALPHA Lending and BETA Insurance pools now have standalone pages, where the BETA Insurance Pool page incorporated Formation to streamline the minting/staking of BETA tokens.
The BETA Insurance Pool takes nBUSD which is minted by depositing BUSD in Formation, original tutorial here for reference.
You can also follow the text step-by-step guidance here:
1.Deposit BUSD
2. Mint nBUSD
3. Insure (Deposit nBUSD into BETA Pool)
You’ve now successfully provided liquidity in BETA Insurance Pool and got BETA token.
4. Stake BETA token to earn NAOS rewards
5. Unstake BETA Token
After successful redemption, the redeemed BETA token will be converted to a certain amount of nBUSD and reflected in your wallet balance.
The improved user experience by combining the entire BETA Insurance process on the same page. We’ve also integrated insurance partners’ solutions on the insurance page, users can choose either pool to provide insurance coverage for real-world-assets.
Check NAOS-Tidal Insurance Pool details here.
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.
