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What is Navi Protocol?
Navi Protocol is a pioneering decentralized liquidity protocol on Sui Network. Users can provide liquidity to earn interest (Supply & Earn) or borrow assets (Borrow) without intermediaries. In addition to its core lending/borrowing functionality, Navi develops a mini-app ecosystem including Astros (DEX & cross-chain swap) and Volo (liquid staking), making Navi a "one-stop shop" for all DeFi needs on Sui.
How does Navi Protocol work?
- Shared liquidity pools: Each asset has its own pool with flexible LTV, Liquidation Threshold based on supply and demand.
- Receipt tokens (nSUI, nUSDC...) represent the depositor's "shares" and can be used as collateral.
- Isolation Mode & Risk Engine: List high-volatility assets in isolated pools to prevent risk contagion.
- Advanced features: Flash Loan, Automatic Leverage Vaults, LST strategies, Collateral Auto Rebalance. Entirely written in Move, highly secure with low gas fees.
Products in the Navi Ecosystem
Supply & Earn (Lending)
Deposit assets into the pool to earn dynamic interest rates; users receive receipt tokens (nSUI, nUSDC...) representing their capital and can use them as collateral.
Borrowing
Borrow assets based on the value of deposited collateral; customize LTV ratio, use Isolation Mode to compartmentalize risks for high-volatility assets.
Astros Aggregator
A liquidity aggregator (DEX & cross-chain swap) integrated directly with Sui wallet, enabling fast transactions, low fees, and good liquidity depth.
Volo Liquid Staking
Stake SUI to receive vSUI (Liquid Staking Token) and leverage vSUI as collateral to optimize capital efficiency.
NAVI Lite
A simple interface for general users, focusing on blue-chip and LP-based pools, with "one-touch" operations for easy access.
NAVI Pro
Advanced toolset for organizations: Isolation Pool, Leveraged Vaults, Collateral Auto Rebalance, and optional compliance options.
Highlighted Features of Navi
- One-stop Liquidity Hub: over 20 pools including BTCFi, native stablecoin, and LST.
- dLP (liquidity + governance boost): lock LP token to increase APY and receive revenue sharing.
- Low-fee Flash Loan: 0.06% to Treasury, attracting developers to build on Sui.
- Transparent Health Factor: price data sourced from Pyth, SupraOracle & major CEXs.
- Move-native Security: leveraging Sui's parallel execution → fast transactions, low fees.
NAVX Token & Tokenomics
Token Metrics
- Token Name: NAVX Token
- Token: NAVX
- Blockchain: Sui
- Contract: 0xa99b8952d4f7d947ea77fe0ecdcc9e5fc0bcab2841d6e2a5aa00c3044e5544b5
- Total Supply: 1,000,000,000 NAVX
- Circulating Supply: 576,050,000 NAVX
Token Distribution
| Category | Percentage |
|---|---|
| Ecosystem & Airdrop | 45.8 % |
| Team | 20 % |
| Investors / Advisors | 16 % |
| Treasury | 10 % |
| Marketing | 3 % |
| Liquidity Provision | 4 % |
| Public Sale (IDO) | 1.2 % |
Token Release Schedule
- Team: 8 months lock, 24 months vesting.
- Investors/Advisors: 6 months lock, 18 months vesting.
- Ecosystem & Airdrop: 1.1% open at TGE, 36 months vesting.
- Public Sale & LP: 100% open at TGE.
Token Utility
- Governance: voting on risk parameters, asset listing, etc.
- dLP Boost: lock NAVX/SUI or NAVX/vSUI LP to receive NAVX rewards & revenue sharing.
- Ecosystem Fees: part of borrowing fees, flash-loan fees, etc. transferred to dLP and Treasury.
NAVX Wallets & Exchanges
- Supported Sui Wallets: Sui Wallet, Suiet, Ethos, Surf, Martian, Leap…
- CEX: Bybit (NAVX/USDT pair)
- DEX on Sui: Cetus, Turbos, BlueMove (NAVX/SUI, NAVX/vSUI pairs)
Roadmap
| Phase | Key Milestones |
|---|---|
| Q1 2025 | Open-source SDK, re-branding, Migration Expansion |
| Q2 2025 | Infrastructure optimization, new products, hackathon & user attraction campaign |
| Q3 2025 | Aggregator upgrade, AI trading tool, Vetoken governance |
| Q4 2025 | DAO expansion, dev grants, UX for general users |
Project Team
Founding team & experienced Move/Sui engineers, gradually disclosed through governance. (Detailed information being updated)
Investors & Partners
- Investors: Mysten Labs, OKX Ventures, Hashed, dao5, Mechanism Capital, Coin98 Ventures, Gate.io Labs, ViaBTC … raised 2 million USD in seed funding.
- Technical Partners: Pyth Network, SupraOracle, Ondo Finance (USDY), DeepBook, Cetus, Astros.
Similar Projects
| Project | Network | Differences |
|---|---|---|
| Scallop | Sui | Lending for retail, no Isolation Pool |
| Suilend | Sui | Few supported assets, no Leveraged Vault |
| Bucket Protocol | Sui | Focused on nUSD stablecoin |
Overall Assessment
Advantages
- Pioneer in Sui lending, leading TVL.
- Diverse product suite, closely tied to in-network capital flow.
- Tokenomics favoring community, dLP encouraging long-term holding.
Risks
- Competition (Scallop, Suilend) requires continuous innovation.
- Isolation Mode needs memecoin risk monitoring.
- NAVX still needs to improve CEX liquidity.
Conclusion
If Sui maintains TVL growth momentum, Navi has the potential to become a "Web3 bank" through NAVI Pro, cross-chain expansion, and NAVI X fund.
Frequently Asked Questions
- Will Navi airdrop NAVX to early users?
The project hints at rewarding retroactive points for lending/borrowing, vSUI staking; expected to announce details in 2025. - Difference between NAVI Lite and NAVI Pro?
Lite serves retail (simple UX, blue-chip pool); Pro is for institutions with Isolation Pool, Leveraged Vault, and optional compliance. - What is dLP?
Lock NAVX/SUI or NAVX/vSUI LP ≥ 2.5% of deposited value to activate NAVX rewards, revenue sharing, and increase voting rights.
Summary
Navi Protocol is building an "all-in-one" liquidity infrastructure for Sui, combining Move-native security, community-oriented tokenomics, and a clear expansion roadmap. This article is for informational purposes only and is not investment advice. Join the Allinstation community to discuss new DeFi opportunities!
