NAOS is a permissioned DeFi protocol designed to be compliant with anti-money laundering (“AML”) regulations, which requires participants to complete identity and background checks (“KYC”).
In this way, NAOS enables compliance-conscious institutions to enter DeFi.
NAOS partners with Securitize, Sumsub, Synaps and Binance for identity verification. All lenders are encouraged to complete the one-time KYC process with Securitize and Synaps, or can simply log into the accounts if already registered.
If you already have Binance Account Bound (“BAB”) token in the wallet, you may skip KYC, add your wallet address to the whitelist and begin lending on NAOS.
US citizens must also be verified as accredited investors before becoming lenders.