NAVI Protocol

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Discover NAVI Protocol's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is NAVI Protocol?

NAVI Protocol (NAVX) is a decentralized, one-stop liquidity protocol built on the Sui blockchain. It allows users to lend and borrow cryptocurrency assets without intermediaries, offering a comprehensive suite for liquidity management. The protocol features advanced DeFi tools like Isolation Mode and Automatic Leverage Vaults, ensuring efficient and secure transactions. The NAVX token is used for governance, enabling holders to vote on proposals and changes to the protocol.

How is NAVI Protocol used?

NAVI Protocol (NAVX) is a decentralized liquidity protocol built on the Sui blockchain. It offers a comprehensive and accessible solution for navigating the complex world of DeFi. The protocol provides users with the opportunity to participate as liquidity providers or borrowers in a straightforward manner.

Supply & Earn

To begin, users need an SUI-compatible wallet. Once connected, they can explore available lending markets and choose assets to supply. By depositing assets into NAVI's liquidity pools, users start earning interest, which is subject to change based on market conditions and borrow rates. There are no minimum or maximum limits for deposits, but users should consider transaction costs versus expected earnings, especially for smaller deposits.

Borrowing

NAVI's overcollateralized lending/borrowing feature allows users to supply assets as collateral and borrow other types of assets. Before borrowing, users must deposit sufficient assets as collateral. The maximum loan value depends on the deposited assets and the health factor. Repaying the loan involves entering the repayment amount and confirming the transaction.

Liquidations

In the event of a borrower's health factor falling below 1 due to insufficient collateral, liquidation occurs. NAVI implements risk parameters such as Liquidation Threshold and Liquidation Penalty/Bonus to safeguard solvency. Users can avoid liquidation by repaying the loan or depositing more assets to increase their health factor.

Notifications

NAVI collaborates with a notification service to help users stay informed about changes in their health factors. By setting up notifications through Email, Telegram, or Discord, users receive alerts regarding their health factor dynamics.

Trading

NAVX, the native token of the NAVI protocol, is listed on various exchanges such as Bitget and BTSE. It can be traded via spot trading pairs like NAVX/USDT and NAVX/USDC. Users can deposit, trade, and withdraw NAVX tokens on these platforms.

Governance and Incentives

NAVX holders enjoy a range of advantages, including fee discounts, liquidity incentives, staking rewards, and voting rights. This utility and governance token plays a central role in the protocol's ecosystem, incentivizing participants and facilitating governance decisions.

Overall, NAVI Protocol simplifies access to essential DeFi infrastructure, providing a user-friendly platform with innovative features and robust security measures.

How do I store NAVI Protocol?

To store NAVI Protocol (NAVX) tokens safely, it is recommended to use a cold wallet, which is a wallet that is completely offline. This method ensures the highest level of security for your tokens.

How to buy NAVI Protocol?

To buy NAVI Protocol (NAVX) tokens, follow these steps:

  1. Choose a Crypto Exchange: Select a reputable cryptocurrency exchange that supports NAVI Protocol trading and operates in your country. Popular options include KuCoin, CoinEx, gate.io, MEXC, and HTX. Consider factors such as fees, security, and user reviews when making your choice.

  2. Create an Account: Register on the exchange's website or mobile app, providing personal information and identity verification documents as required.

  3. Fund Your Account: Transfer funds to your exchange account using supported payment methods like bank transfer, credit card, or debit card.

  1. Navigate to the NAVI Protocol Market: Once your account is funded, search for "NAVI Protocol" (NAVX) in the exchange's marketplace.

  2. Choose a Transaction Amount: Enter the desired amount of NAVI Protocol you wish to purchase.

  3. Confirm Purchase: Preview the transaction details and confirm your purchase by clicking the "Buy NAVX" or equivalent button.

  1. Complete Transaction: Your NAVI Protocol purchase will be processed and deposited into your exchange wallet within minutes.

  2. Transfer to a Hardware Wallet: For security reasons, it is recommended to transfer your NAVI Protocol tokens to a hardware wallet like Ledger or Trezor.

By following these steps, you can securely purchase NAVI Protocol tokens on a reputable exchange.

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History of NAVI Protocol

The history of NAVI Protocol (NAVX) is marked by significant events and milestones. NAVI Protocol is the first Native One-Stop Liquidity Protocol on the Sui blockchain, designed to facilitate liquidity provision and borrowing within the Sui ecosystem.

NAVI Protocol has a modular DeFi infrastructure that offers leading lending and LSDeFi services. It is backed by prominent investors such as OKX Ventures, Hashed, DaoFive, and Mechanism Capital. The protocol's key features include capital-efficient and dynamic lending interest modes, robust LST DeFi infrastructure services, and open-sourced smart contracts and SDKs to access hundreds of millions of dollars in liquidity.

In terms of market performance, NAVI Protocol has experienced fluctuations in its price and trading volume. At one point, the live NAVI Protocol price was $0.27 USD with a 24-hour trading volume of $101.22K USD, indicating a decline of -1.22% since the last hour and -4.55% since the previous day. The market capitalization of NAVI Protocol has also varied, reaching $26.21M at one point, which ranks it 1054 among all known cryptocurrency assets.

Historical data shows that NAVI Protocol has had significant price movements. For instance, it reached an all-time high of $0.4216 on March 29, 2024, and an all-time low of $0.07487 on June 18, 2024. These fluctuations reflect the dynamic nature of the cryptocurrency market and the ongoing development of the NAVI Protocol ecosystem.

Overall, the history of NAVI Protocol is characterized by its innovative approach to liquidity provision on the Sui blockchain and its ongoing efforts to establish itself as a significant player in the DeFi space.

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How NAVI Protocol works

NAVI Protocol (NAVX) is a decentralized liquidity protocol that operates on the Sui blockchain. It allows users to lend and borrow cryptocurrency assets without intermediaries, using a shared liquidity pool system. Here's a detailed overview of how it works:

Key Components
  1. Liquidity Pools: NAVI creates separate liquidity pools for each supported asset. Users can deposit their assets into these pools and receive Navi receipt tokens (nSUI) in return, which represent their share of the pool.

  2. Borrowing: Users can use these receipt tokens as collateral to borrow other assets from the pool. The collateralization ratio determines the amount that can be borrowed, and it is adjusted dynamically based on supply and demand.

  3. Automatic Leverage Vaults: The protocol features Automatic Leverage Vaults, which enable users to leverage their assets and access novel trading opportunities with minimized risks.

  1. Isolation Mode: Isolation Mode is another innovative feature that helps users manage risk by isolating their assets from market fluctuations.
Governance

NAVI has a governance system that allows NAVX token holders to vote on proposals and changes to the protocol. This includes setting interest rates, adding new assets to the protocol, and changing the collateralization ratio.

Tokenomics

The NAVX token is the native token of the NAVI Protocol. It plays a crucial role in the governance system and is used for voting on proposals. The token distribution and supply are designed to ensure the long-term sustainability of the protocol.

Security

NAVI's architecture is designed to provide a decentralized and efficient way for users to lend and borrow assets without the need for traditional financial intermediaries. The protocol's advanced security features ensure the protection of user funds and the mitigation of systemic risks.

User Benefits

NAVI offers several benefits to users, including:

  • Passive Income: Liquidity providers can earn passive income through yields on their deposited assets.
  • Flexibility: Borrowers have the flexibility to obtain loans for different assets.
  • Risk Management: The protocol's risk management features, such as Automatic Leverage Vaults and Isolation Mode, help users manage their risk exposure.

Overall, NAVI Protocol provides a decentralized and efficient platform for users to lend and borrow assets, with a focus on simplicity, security, and risk management.

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NAVI Protocol's strengths

The token NAVI Protocol (NAVX) has several strengths that make it an attractive investment opportunity:

  1. Native One-Stop Liquidity Protocol: NAVI Protocol is the first of its kind on the Sui blockchain, offering a comprehensive suite for liquidity management. This includes both lending and borrowing capabilities, making it a versatile platform for DeFi participants.

  2. Advanced DeFi Features: The protocol incorporates advanced DeFi features such as Isolation Mode and Automatic Leverage Vaults. These features are designed to allow users to leverage their assets more efficiently while minimizing risks associated with trading.

  3. Safety and Risk Management: NAVI Protocol emphasizes the security of user funds and the importance of risk management. It supports digital assets across different risk levels, with mechanisms in place to reduce systemic risks and protect users’ investments.

  1. Ease of Use and Inclusivity: The name "NAVI," meaning "Be Kind to People," reflects the protocol's commitment to making DeFi accessible and secure for a wide range of users. This ethos is reflected in its user-friendly interface and inclusive design.

  2. Integration with Sui's Deepbook: The protocol's integration with Sui's Deepbook enhances trading experiences and provides a robust liquidity layer, capitalizing on premium price feeds to determine liquidation events.

  3. Governance and Staking: The NAVX token serves as a medium for transactions, governance, and staking, allowing holders to participate in decision-making processes and earn rewards.

  1. Potential for Growth: Long-term price forecasts suggest significant value appreciation, positioning NAVI Protocol as a promising investment opportunity with growth potential over the next decade.

These strengths highlight NAVI Protocol's commitment to innovation, security, and user experience, making it an attractive option for investors interested in cutting-edge blockchain technology and decentralized finance.

NAVI Protocol's risks

NAVI Protocol (NAVX) is designed to mitigate financial risks through several mechanisms:

  1. Liquidation Threshold and Liquidation Penalty/Bonus: These risk parameters are implemented to safeguard solvency. Users can avoid liquidation by repaying loans or depositing more assets to increase their health factor.

  2. Health Factor: This numeric representation helps users monitor the safety of their deposited assets against borrowed ones. Users receive notifications when their health factor changes, allowing them to take corrective action.

  3. Overcollateralization: The protocol requires users to supply assets as collateral before borrowing, ensuring that the borrowed amount is backed by sufficient collateral.

  1. Dynamic Collateralization Ratio: This ratio adjusts based on supply and demand, ensuring that the amount that can be borrowed is aligned with market conditions.

  2. Advanced Security Features: NAVI's design prioritizes user fund protection and systemic risk mitigation, providing a secure environment for lending and borrowing.

These features aim to minimize the financial risks associated with lending and borrowing within the NAVI Protocol.

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Did NAVI Protocol raise funds?

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NAVI Protocol’s team

  • NAVI Protocol Team: The team behind NAVI Protocol (NAVX) includes key stakeholders from the DeFi space, actively pursuing partnerships within the Sui ecosystem to provide increased use cases for the NAVX token.

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