NAVI Protocol (NAVX)

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Lending and Borrowing

NAVI Protocol enables users to lend and borrow cryptocurrency assets directly through shared liquidity pools without middlemen. Users supply assets to earn passive income from borrowing demand, and borrowers can use their supplied assets as collateral to obtain loans. The protocol supports stablecoins approved by NAVI Governance and enforces supply limits to maintain stability.

Liquidity Management

It fills liquidity gaps in the Sui ecosystem by providing a capital-efficient and dynamic lending interest model. This helps new projects attract users and funds by locking liquidity and leveraging assets within the ecosystem.

Governance and Community Participation

Holders of the NAVX token can participate in governance by voting on proposals and protocol updates. Staking NAVX tokens also allows users to earn rewards and influence emission distribution across liquidity pools.

DeFi Infrastructure and Features

NAVI Protocol offers advanced DeFi tools such as Flash Loans, Automatic Leverage Vaults, LST Strategies, and Isolation Mode. These features enable users to leverage assets and access new trading opportunities with optimized returns.

Ecosystem Support and Growth

The NAVI X Ecosystem Fund commits tokens to support the growth and innovation of the Sui blockchain’s DeFi ecosystem, helping projects at various development stages.

Cross-Protocol Integration

NAVI Protocol integrates with other platforms and wallets, expanding the use cases of NAVX tokens, including payments and collateral on other DeFi platforms.

Pros

• NAVI Protocol is the first native one-stop liquidity protocol on the Sui blockchain, offering easy lending and borrowing without middlemen.
• It supports a shared liquidity pool system that helps lock in liquidity and bring leverage to funds within the ecosystem.
• The protocol integrates Bitcoin liquidity into decentralized finance, allowing users to collateralize Bitcoin (xBTC) to borrow stablecoins or other assets.
• NAVI offers innovative features like Flash Loans, Automatic Leverage Vaults, LST Strategies, and Isolation Mode to enhance user opportunities.
• It has partnerships with major exchanges like Bybit and OKX, improving token accessibility and trading.
• The protocol is modular and open-sourced, providing a flexible and robust DeFi infrastructure.
• NAVI token holders can participate in governance by voting on proposals and protocol updates.
• The platform emphasizes user-friendly design and advanced security features to protect user funds and reduce systemic risk.

Cons

• NAVI Protocol is still relatively new and part of a developing ecosystem, which may mean less liquidity and adoption compared to more established platforms.
• The NAVI token price has shown volatility, with recent declines noted, reflecting typical crypto market fluctuations.
• Some popular wallets like MetaMask do not support NAVI Protocol, which may limit wallet options for users.
• The project is still under development with some features and mainnet launch pending, which may affect immediate usability.
• Market performance can be influenced by external factors such as regulations, market sentiment, and supply changes, making price predictions uncertain.

Founders

NAVI Protocol was founded by Elliscope Fang, who is identified as the key founder and executive of the project. Another individual named Charles is mentioned in relation to the founding approach, but Elliscope Fang is the primary recognized founder.

Team Background

The team behind NAVI Protocol consists of experienced founders and builders from the blockchain development space with many years of experience in DeFi and Web3 infrastructure.

Key Investors

NAVI Protocol is backed by several prominent investors including OKX Ventures, Hashed, DAO5, Mechanism Capital, Mysten Labs, Comma3 Ventures, GeekCartel Capital, Nomad Capital, Coin98 Ventures, Cetus Protocol, Maverick, Viabtc, Assembly Partners, Gate.io, Hailstone Labs, Benqi, LBank Labs, and ViaBTC Capital.

Funding Rounds

The project has raised a total of $2 million over two funding rounds, with the latest round co-led by OKX Ventures, dao5, and Hashed. Mysten Labs, the official department of the Sui Blockchain, also led a strategic round.

Institutional Investors

NAVI Protocol has 17 institutional investors including HashedIn, Assembly Partners, ViaBTC, and LBank Labs.

Investment Focus

These investors support NAVI Protocol’s mission to build a leading lending and borrowing platform on the Sui blockchain, focusing on DeFi infrastructure and liquidity solutions.

Halal Status of NAVI Protocol

• Halal Compliance: No, NAVI Protocol is not considered halal.
• Reason: It is not Shariah-compliant according to available information, which means it does not meet the Islamic finance standards required for halal investments.