A major milestone that lays the foundation for credit-based lending
Next step: bring consumer & business credit ratings on-chain
https://t.co/mnE5r7gozL
@IAMHETZ fair point yet we're not "paused", still building and will share more progress going forward. FTX debacle is unfortunate, the silver lining is that #RWA is now getting the attention
Tokenized Real-World Assets
DeFi needs more sustainable yields.
Tokenizing real-world assets unlocks cashflow that's not affected by Crypto's volatility.
This can improve transparency, capital efficiency, and liquidity in assets.
Think real estate, art, and more.
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Permissioned DeFi (#RWA) cater not only to sustainable-yield seekers, but also the "regulated institutional entities seek more involvement in” cryptos. #keepbuilding
https://t.co/y1HjBVqdIk
3. Tokenization of financial assets (RWAs).
Holding a token that represents a claim on an underlying asset can generate substantial yield and connects tradfi to defi in an unprecedented way. In line with the category's 2022 growth, I expect demand for RWAs to increase in 2023.
NAOS’ treasury is affected by the FTX debacle, which requires us to adjust prior plans, incl. postponing v2 launch
We’re committed to building NAOS and have been working closely with partners over the last weeks on next steps
We’ll update as soon as we firm up a new plan
@no_financial Thanks for asking! We have funds on FTX that were planned for v2 marketing and liquidity bootstrapping. In conjunction with the overall market sentiments, we’ve decided to delay launch till the clouds cleared up.
To prepare NAOS Protocol v2 launch, we'll start migrating liquidity and adjusting the emission for multiple pools. We encourage all users to begin removing liquidity on V1 and get ready for NAOS v2!
Check details here: https://t.co/Ga7NzYd0C4
@Simonsig11 If you're referring NAOS token, then you don't need to take any action. The liquidity migration we meant in the announcement means the lending capital (in stablecoin) deployed in V1.
@_Node0_ If you only stake NAOS token in the boost pool then no further action needed. For nBUSD/nUSD/Beta token holders, please follow the guide in this article.
@ethercool@BNBCHAIN Actually you can 'transmute' your nbusd to busd in the transmuter tab. Please join our TG group for further clarification if you still have problem: https://t.co/CZg6uwhfYz
If you’re a #BUSD holder and looking for competitive and sustainable yield in stable coin, try out our testnet and don’t miss the campaign since the mainnet will be available on @BNBCHAIN !
The #NAOS protocol V2 - Index Pool is now live for beta testing! Join our campaign to win limited edition #NFTs and split $2000 USDT rewards!🎉🎉🎉
🎁Campaign details: https://t.co/A6GRpcQFpe
👉Testnet tutorial: https://t.co/WDZ8Jiyws8
#DeFi#testnet#lending#stablecoin#rwa