How Does the Protocol Work
Borrowers submit loan proposals through NAOS governance.
Approved borrowers begin auditing, where financial and operating data are evaluated and credit scored. Audited data and credit score are then presented to the community for a final vote. Once approved, the borrower launches a junior pool with a predetermined coverage ratio.
Lenders can either participate in a specific asset ("Junior") pool or in the index ("Senior") pool that allocates funds proportionally across all asset pools.