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NAVI (NAVX): Understanding Sui's One-Stop Liquidity Protocol

Intermediate
DeFi
Explainers
Altcoins
Oct 16, 2024
8 min read
0

Decentralized finance (DeFi) has grown from a niche concept into a thriving multibillion-dollar industry, offering users unprecedented control over their financial assets. However, this rapid industry growth has highlighted the need for more efficient, secure and user-friendly solutions.

NAVI (NAVX) meets these demands with a comprehensive DeFi platform for lending, borrowing and earning passive income. This article explores NAVI's features, its role in the Sui ecosystem and NAVI’s empowerment of users through innovative tools like automatic leverage vaults and shared liquidity pools.

Key Takeaways:

  • NAVI is the first native one-stop liquidity protocol on the Sui blockchain. NAVI users can provide liquidity to earn passive income or borrow assets using collateral.

  • Looking to trade NAVI tokens? Bybit now offers the NAVX/USDT Spot trading pair. To celebrate this listing, Bybit is holding an exclusive event where you can earn a share of the 200,000 NAVX prize pool. 

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