OKX Ventures leads investment in NAVI Protocol, a one-stop liquidity protocol for the Sui ecosystem
2024-01-31 06:46
Odaily News OKX Ventures announced that it will lead the investment in NAVI Protocol, the native one-stop liquidity protocol on Sui. It allows users to lend and borrow different assets on the Sui network, while providing innovative features such as liquidity staking and leverage vaults, providing users with efficient, safe and convenient financial services. The advantage of NAVI protocol is that it takes advantage of Suis high performance, low cost and multi-thread optimization to provide users with a smooth user experience and optimized financial efficiency. It also uses multiple security mechanisms, such as health coefficient, isolation mode, supply limit and reliable oracle, to ensure the safety of users funds. Dora, founder of OKX Ventures, said, We are very honored to co-lead the investment in NAVI Protocol. NAVI Protocol has demonstrated its ability to unleash the huge potential of the SUI ecological DeFi field and is an important infrastructure framework for the rapidly emerging decentralized financial world. Since Since its successful deployment on the Sui mainnet 8 months ago, NAVI Protocol has proven its stability and efficiency. It continues to lead the TVL ranking and has contributed greatly to the growth and expansion of the Sui ecosystem. Sui-based parallelism capabilities and the asset-oriented programming characteristics of Move language, we continue to be optimistic about the possibility of complex applications in its ecosystem, such as derivatives, NFT, games, AI and other types of applications. In the interim, NAVI Protocol will also continue to serve as DeFi infrastructure for the Sui ecosystem Make a contribution to promote the composability and prosperity of DeFi in the Sui ecosystem.
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