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  • Writer's pictureDavid Manion

Gnox (GNOX) passes KYC verification with Soken DeFi, USN stable coin goes live on NEAR protocol (NEA

Gnox is pleased to announce that its KYC verification was successfully completed on May 21, 2022. It has been listed and KYC-validated by Soken DeFi, one of the leading security and legal firms in the decentralized market.

In a Twitter post, Gnox stated that they are looking forward to continuing their aim of providing trust and transparency to their investors.

Gnox is currently undergoing an audit by Certik and is on track to be the first digital product to offer “Yield Farming As A Service” to all types of investors.

This project is currently in its first round of presale and will be officially launched on July 18, 2022.

Gnox is a decentralized ecosystem comprised of DeFi products, protocols, and use cases from multiple chains. It intends to be deployed on the Ethereum, BNB Smart Chain, Polygon and Bitcoin platforms.

Another piece of news circulating the internet is that the USN stablecoin is now available on the NEAR protocol.

According to a statement published by Near’s DeFi arm Proximity Labs, a decentralized stablecoin named USN launched today on Near Protocol, a scalable Layer 1 blockchain.

The launch validates The Block’s prior revelation that the stablecoin was under development.

USN is a decentralized stablecoin comparable to TerraUSD and Frax Finance, which are softly tied to the US dollar but do not maintain dollar cash reserves. The USN stablecoin can be created by depositing NEAR tokens—the Near blockchain’s native crypto asset—as collateral.

The USN stablecoin effort is being headed by an independent team named Decentral Bank, which is organized as a DAO. It is working in conjunction with Proximity Labs, a DAO contributor.

Learn more about Gnox:

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