NAVI Protocol (NAVX)

Lending and Borrowing

NAVI Protocol allows users to lend and borrow cryptocurrency assets directly through shared liquidity pools without middlemen. Users can supply assets to earn passive income or borrow stablecoins using their assets as collateral.

Liquidity Provision

Users can participate as liquidity providers by depositing assets into dedicated pools, earning yields from borrowing demand. This helps fill liquidity gaps in the Sui blockchain ecosystem.

DeFi Tools and Features

The protocol offers advanced features like Isolation Mode, Automatic Leverage Vaults, and Flash Loans, enabling users to leverage assets and access new trading opportunities efficiently.

Governance and Incentives

Holders of the NAVX token can vote on protocol proposals and updates, participate in governance, and earn rewards such as fee discounts, staking rewards, and liquidity incentives.

Ecosystem Support

NAVI Protocol supports the growth of the Sui blockchain by providing essential DeFi infrastructure and has created a fund to back projects within the Sui ecosystem, promoting innovation and adoption.

Pros

• Shared Liquidity Pool: Allows users to lend and borrow crypto assets without middlemen, making transactions more direct and efficient.
• Supports Sui Ecosystem: Helps fill liquidity gaps in the Sui blockchain ecosystem, encouraging more users and funds to join.
• Advanced DeFi Tools: Features like Isolation Mode and Automatic Leverage Vaults provide flexible and efficient ways to manage assets.
• Partnerships: Collaborations with major exchanges like Bybit improve accessibility and trading options.
• Open Source: Smart contracts and SDKs are open source, allowing developers to build on and improve the protocol.
• Governance: Token holders can participate in decision-making, giving the community control over the protocol’s future.

Cons

• Price Volatility: NAVI Protocol’s token price can fluctuate significantly, which may affect user confidence.
• New Ecosystem: As a relatively new project on the Sui blockchain, it faces challenges like lower initial liquidity and adoption compared to more established platforms.
• Limited Wallet Support: Some popular wallets like MetaMask do not support NAVI Protocol tokens yet.
• Market Performance: Recent price trends show underperformance compared to some other DeFi tokens, which might impact investor interest.

For more details, visit the official website: naviprotocol.io

Founders

Elliscope Fang is identified as the founder of NAVI Protocol.

Team Background

The team consists of experienced founders and builders with many years in blockchain development, especially in DeFi and Web3 infrastructure.

Additional Info

NAVI Protocol is a one-stop liquidity protocol built on the Sui blockchain, focusing on lending and borrowing services.

Key Investors in NAVI Protocol

• OKX Ventures: A major crypto investment firm known for backing promising blockchain projects.
• Hashed: A well-known venture capital firm specializing in blockchain and crypto startups.
• dao5: A decentralized autonomous organization investing in innovative crypto projects.
• Mechanism Capital: A crypto-focused investment fund supporting DeFi and blockchain technologies.
• Mysten Labs: A blockchain technology company involved in the Sui ecosystem.
• Comma3 Ventures: A venture capital firm investing in early-stage blockchain projects.
• GeekCartel Capital: An investment group focused on crypto and blockchain startups.
• Nomad Capital: A crypto investment firm supporting emerging blockchain protocols.
• Coin98 Ventures: A venture capital firm with a focus on DeFi and blockchain innovation.
• Cetus Protocol: A strategic investor and partner within the Sui ecosystem.
• Maverick, Viabtc, Assembly Partners, Gate.io, Hailstone Labs, Benqi, LBank Labs: Additional notable investors and partners contributing to NAVI Protocol’s growth.

These investors participated in funding rounds, including a $2 million raise in early 2024, helping NAVI Protocol expand its lending, borrowing, and liquid staking platform on the Sui blockchain.

Halal Status of NAVI Protocol

• No: NAVI Protocol is not confirmed as halal.
• Reason: There is no clear or official Shariah compliance certification or ruling available for NAVI Protocol. Without such certification, it cannot be confirmed as halal.