NAOS Price Today
The live NAOS Finance price today is $0.01789534 with a 24-hour trading volume of $20,247.82. NAOS Finance is 6.44% in the last 24 hours.The current MyToken ranking is #--,with a live market cap of $1,489,705.95. It has a circulating supply of 83,365,300 NAOS and a max supply of 300,000,000 NAOS.
What Is NAOS Finance?
NAOS Finance is an on-chain loan protocol based on real assets. By working with a third party in the real world, users can obtain fiat currency loans converted from stablecoins, using physical assets as collateral. NAOS Finance consists of NAOS Formation and NAOS Galaxy.
NAOS Formation is a synthetic asset protocol backed by future earnings, with three components: Vault, Transmuter, and Staking Pool.
NAOS Galaxy is a lending agreement based on real assets, consisting of a pool of loans to make loans (the "Alpha pool") and a pool of insurance funds to pay losses from the lending pool (the "Beta pool"). Alpha Pool accepts stabecin inputs and users need to pass KYC to become a liquidity provider (LP) in Alpha Pool. The Beta pool has no KYC requirement and only accepts nUSD. As compensation for the risk taken, Beta pool LP will receive higher returns. If the borrower defaults on its debt or its loan is liquidated, the Beta Pool will pay the principal loss of Alpha Pool LP in nUSD, while the Beta Pool LP's principal of stablesoin deposited with Formation will not be affected and can continue to earn income to repay the nUSD loan.
As of November 4, 2021, NAOS Formation is stable on Ethereum and BSC networks, and its V2 version is expected to be reviewed by the end of November. NAOS Galaxy is still in beta and is expected to go live by the end of November.
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