Naos Finance Galaxy Testnet & Bounty Program Now Live!
NAOS Lending Protocol — Galaxy Testnet is now live! Bounty program and multiple airdrops up to $10,000 NAOS tokens will be announced during the testing period (Sept 30 — Oct 31). Join NAOS Telegram Group for updates!
Phase 1: Alpha Lending Pool & Boost Pool
Phase 2: Beta Insurance Pool
Testnet Reward & Bounty Programs
NAOS Maniac Award: Anyone actively involved in product discussions will have a chance to earn NAOS rewards. The reward amount and issuing time/frequency will be random throughout the testing period, at the discretion of NAOS Admins.
Galaxy Guardian Award: They’ll reward 10 lucky participants with $100 NAOS each for completing ALL of the tasks for Alpha and Boost Pools. They will select another 10 lucky participants for Phase 2 testing, specific requirements will be announced separately at a later time.
Ghostbuster Award: They’ll reward $800 NAOS tokens to each of the top 5 bug finders and $500 NAOS tokens to each of the top 5 UI improvement suggestions.
Community Airdrops: NAOS Admin will airdrop NAOS tokens from time to time throughout the testing period. Stay tuned!
IMPORTANT: Participants must complete and submit NAOS Galaxy Testnet Feedback Form to be eligible for NAOS rewards!
Galaxy Guardian Award Tasks — Phase 1
Alpha Pool Tasks:
1. Get whitelisted
2. Deposit mock DAI into Alpha pool
3. Claim Alpha pool rewards
4. Redeem Alpha pool tokens
5. Withdraw redeemable mock DAI
Boost Pool Tasks:
1. Deposit mock NAOS into Boost pool
2. Start cooldown process
3. Wait 24 hours and claim rewards
4. Wait 24 hours and unstake
Step-by-Step Guide to Alpha Lending Pool & Boost Pool
Testnet is deployed on the Rinkeby Test Network. Please register with wallet that supports Rinkeby Test Network and twitter account before testing
Step 1: Log in https://test.naos.finance/ and switch to Rinkeny Test Network on Metamask (or other wallets)
Step 2: Collect mock ETH, DAI and NAOS
Click “Get ETH on Rinkeby testnet” on Faucet page, and claim mock ETH in Rinkeby Authenticated Faucet
Click ‘tweet’ in the red frame below, a tweet will be created automatically
Copy your wallet address and replace the default address (0x00000000….) in the tweet, and publish the post
Copy your twitter post link, and paste it in Rinkeby Authenticated Faucet. Click “Give me Ether”
Claim mock DAI and NAOS on NAOS Faucet Page
Step 3: Get whitelisted (Alpha Task)
For Galaxy mainnet, Alpha pool lenders are required to complete KYC and get whitelisted. For testnet, they’re bypassing this step, just click “CONFIRM”
Step 4: Deposit mock DAI into Alpha Lending Pool (Alpha Task)
Step 5: Claim Alpha Pool NAOS Rewards (Alpha Task)
Step 6: Redeem After Maturity (Alpha Task)
For Galaxy mainnet, funds available for redemption are subject to loan cycles. For testnet, they’ve shortened the wait time to simplify the process.
Choose the tranche to redeem, and click ‘REGISTER TO REDEEM’
Successful registered redemption is displayed as ‘Registered for Redeem’
Step 7: Withdraw Redeemable DAI (Alpha Task)
Redeemable DAI balance will be displayed on the info page, click ‘REDEEM’
Step 8: Deposit mock NAOS into NAOS Boost Pool (Boost Task)
NAOS Boost Pool is a single token staking pool with lock-up period. Users can stake NAOS token and boost their Alpha Pool Rewards（1x-2.5x)
Click ‘STAKE’ to start (Authorize initial access by clicking ‘APPROVE’)
Input the amount to stake and click ‘STAKE’
Step 8: Activate Cooldown and Claim Rewards (Boost Task)
Once Cooldown is activated, wait time will be imposed. Users will be able to withdraw NAOS rewards in full at the end of the Cooldown period. Users also have the option to withdraw rewards immediately, with 50% of their NAOS rewards deducted and distributed to the remaining stakers in the Boost Pool
Choose ‘ACTIVATE COOLDOWN’ on the pop-up page
Step 9: Wait 24 hours and Claim Rewards (Boost Task)
For Galaxy mainnet, the Cooldown period will be a couple of days (to be announced). For testnet, they’ve shortened the Cooldown period to 1 day
Users will have 24 hours to claim NAOS rewards after completing cooldown. Users who failed to claim within 24 hours are required to re-activate cooldown
Step 10: Wait 24 hours and Unstake (Boost Task)
Users can unstake NAOS tokens after claiming the rewards. Click ‘UNSTAKE’, choose the tranche to unstake, and click ‘UNSTAKE’ again
Reward Eligibility
Participants must complete and submit NAOS Galaxy Testnet Feedback Form to be eligible for NAOS rewards! If multiple participants submitted the same bug or improvement suggestion, priority will be given to those with more specific explanations/solutions!
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.
📰 INFO
https://medium.com/naos-finance/galaxy-testnet-bounty-program-now-live-dd389ef676af
