DeFi NAOS Finance's lending protocol has launched on the main | DeFi Check

DeFi NAOS Finance's lending protocol has launched on the main network

According to official sources, DeFi NAOS Finance's lending protocol has announced the launch of its core network, Formation, and liquidity mining will begin at 2 p.m. on July 14.

Formation allows users to borrow nUSD's new synthetic derivative by depositing Stablecoins and generate collateral income through the NAOS single currency pool, NAOS/ETH and nUSD/CRV LP liquidity provider pools.

It was previously reported that NAOS Finance received strategic investments from investment institutions such as Coinbase Ventures, HuobiDeFiLabs, OKEx Blockdream Ventures, Spartan, HashKey Capital, Mechanism Capital, etc.

The NAOS financial platform includes two components: a liquidity mining protocol and a Galaxy credit agreement.