Formation Beta Testing is now live!

Step 1: Enter https://mars.naos.finance/

Step 2: Switch to Rinkeny Test Network on your Metamask,
once done you can claim NAOS and DAI on Rinkeny Test Network daily starting from ( 9th of June 0:00 (UTC+0)）

Step 3: Go to Deposit under Vault, deposit mock DAI and borrow mock nUSD. You’ll be able to collect mock DAI/NAOS from the Faucet every 24 hours.

Step 4: Go to Transmuter with the borrowed mock nUSD, and convert it to mock DAI

Step 5: Go to Farm to stake mock NAOS, nUSD or NAOS:ETH LP tokens to earn/claim NAOS rewards

Note: the mock NAOS:ETH LP token can be obtained by providing liquidity on Uniswap. Please make sure you’re adding mock liquidity on the Rinkeby Test Network.

Link to Uniswap on Rinkeby Test Network: https://app.uniswap.org/#/add/v2/ETH/0xC83E6391DcCF286Ca64E67BAc361fAba69A48A61

Step 6: Go to Repay under Vault to repay mock nUSD with either mock nUSD/DAI, and withdraw the previously deposited mock DAI

What’s Next?

We’re currently finalizing Formation contract audit and working on the v2 of the Formation interface, which will incorporate the integration with our lending protocol Galaxy.

Here is a sneak peek:

We’ll publish another Medium post detailing the product logic of Formation, especifically on how Formation plays a critical role in our real world lending operation, as well as how we envision Formation to evolve beyond a liquidity protocol.

The Formation testnet launch marks the first step of NAOS’ long and ambitious product journey ahead. We believe NAOS is defined by its product, and we sincerely hope our product is defined by our community.

Happy hunting!