NAOS Protocol v2: Index Pool Testnet Campaign
Over the last few months, we’ve been busy developing the Index Pool and optimizing user experience. The key upgrades include simplified KYC process, streamlined Index/Junior/Boost Pool flows, multi-currency (USDC/BUSD) support and redemption queueing system.
We’ve also launched veNAOS for protocol governance, involving NAOS holders and Boost Pool participants in the future developments of NAOS Protocol.
NAOS Protocol v2 has three main sections: Invest, Staking and veNAOS.
- The “Invest” section features Index and Junior Pools. Lenders can provide liquidity to a specific RWA lending (Junior) pool, or to the Index Pool for a balanced yield strategy
- Lenders in the Index Pool receive interest bearing LP (cRWA/bRWA) tokens, stake LP tokens in the respective “Index Staking Pool” to earn additional NAOS rewards
- Stake NAOS in “veNAOS/Boost Pool” to boost NAOS reward and receive veNAOS tokens for future governance.
Detailed guide for NAOS Protocol v2: NAOS Protocol V2 Testnet Tutorial
Qualified users who have completed all required tasks and provided feedback accepted by the team will receive limited edition NFTs and cash rewards.
Details of the Testnet Campaign
- Rewards: 200 limited edition NFTs + $2000 USDT
- Campaign Period: Oct 14 to Nov 14, UTC+8
- Campaign Tasks:
- Follow us on social media: complete all the tasks on Gleam
2. Complete all testnet functionalities, check the tutorial for reference. Qualified entry should complete the following key steps:
1) Claim GoerliETH and mocked USDC/BUSD/NAOS
2) Deposit in the Index Pool (USDC or BUSD pool)
3) Stake LP tokens
4) Lock NAOS to receive veNAOS, and rebalance your APR in Index Pool
5) Unstake LP tokens and redeem fund
3. Fill in your suggestions regarding UX/UX/Bugs and submit NAOS Testnet Campaign Form
- Reward Mechanism:
1) The first 200 eligible participants can get the entry to claim the NFT on Glaxe
2) Selected winners will split the $2000 USDT rewards
- Reward Timeline: Winners will be announced in NAOS Telegram group, and token rewards will be distributed within 15 days after the campaign. Eligible users can claim their NFT rewards at the same time.
- Note: Duplicated and unqualified entries will be removed from the winner list.
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.
