ChainCatcher news, the Sui ecosystem's one-stop liquidity protocol NAVI Protocol announced on social media that it has partnered with the RWA platform Ondo Finance to promote institutional-level DeFi adoption on the NAVI Protocol.

ChainCatcher news, the native one-stop liquidity protocol on Sui, NAVI Protocol, has released the NAVX tokenomics. The total supply of NAVX tokens is 1 billion, of which 20% will be allocated to team members; 10% is reserved for daily operations and strategic initiatives; 4% will support market makers to ensure liquidity; 1.2% will be allocated for the initial DEX offering; 3% will be used for promotional and marketing activities; 45.8% will be used to incentivize TVL growth, conduct events, and airdrops, including initial rewards for early supporters; and 16% will be allocated to investors and advisors. Additionally, users can provide liquidity for the NAVX/SUI and NAVX/vSUI trading pairs in the DEX to earn LP tokens.In previous news, NAVI Protocol will conduct the IDO of its governance token NAVX on the Cetus Launchpad on February 4th, with the launch time set for 20:00 Beijing time on February 4, 2024, and the end time set for 20:00 Beijing time on February 7. After the end, token claims will begin. This IDO will offer 12 million NAVX tokens, accounting for 1.2% of the total supply.

According to ChainCatcher news, the Sui ecosystem's one-stop liquidity protocol NAVI Protocol has announced the completion of a $2 million financing round, led by OKX Ventures, dao5, and Hashed, with participation from Mysten Labs, Comma3 Ventures, Mechanism Capital, GeekCartel Capital, Nomad Capital, Coin98 Ventures, Cetus Protocol, Maverick, Viabtc, Assembly Partners, Gate.io, Hailstone Labs, Benqi, and LBank Labs.NAVI Protocol will use the funds from this financing round to expand its one-stop lending and LSDeFi platform.

ChainCatcher news, OKX Ventures announced that it will lead the investment in NAVI Protocol, the first 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 liquid staking and leveraged vaults, offering users efficient, secure, and convenient financial services. The advantage of NAVI Protocol lies in its utilization of Sui's high performance, low cost, and multi-thread optimization, providing users with a smooth user experience and optimized capital efficiency. It also employs multiple security mechanisms, such as health coefficients, isolation modes, supply limits, and reliable oracles, to ensure the safety of users' funds.Dora, the founder of OKX Ventures, stated, "We are very honored to co-lead the investment in NAVI Protocol. NAVI Protocol demonstrates its ability to leverage the immense potential of the SUI ecosystem in the DeFi space and serves as an important infrastructure framework in the rapidly rising decentralized finance world. Since its successful deployment on the Sui mainnet 8 months ago, NAVI Protocol has proven its stability and efficiency, consistently maintaining a leading position in TVL rankings and contributing significantly to the growth and expansion of the Sui ecosystem. Based on Sui's parallel capabilities and the asset-oriented programming features of the Move language, we remain optimistic about the potential for complex applications in its ecosystem, such as derivatives, NFTs, gaming, and AI. In this regard, NAVI Protocol will continue to contribute as a DeFi infrastructure to the Sui ecosystem, promoting the composability and prosperity of DeFi within the Sui ecosystem."

ChainCatcher news, Sui ecosystem DeFi project NAVI Protocol announced a strategic investment from Cetus on X.

ChainCatcher news, Sui ecosystem liquidity protocol NAVI Protocol announced that it has acquired the staking platform Volo.It is reported that NAVI Protocol is a liquidity protocol in the Sui ecosystem, with a TVL of over 100 million USD, providing lending, dynamic interest rates, flash loans, and staking services.

ChainCatcher news, the NAVI Protocol has now integrated with the OKX Web3 wallet, allowing users to engage in crypto asset lending and borrowing through the OKX Web3 wallet plugin on the NAVI Protocol. The NAVI Protocol is the largest lending protocol on the Sui chain, currently holding a total locked deposit of 60 million USD, dedicated to building a decentralized integrated staking, lending, and liquidity market, providing users with convenient on-chain borrowing and lending services.It is reported that the OKX Web3 wallet is an industry-leading one-stop Web3 entry point, now supporting over 85 public chains, with a unified experience across App, plugin, and web, covering five major areas: wallet, DEX, DeFi, NFT market, and DApp exploration, and supporting Ordinals market, MPC and AA smart contract wallets, gas exchange, and hardware wallet connections, among others.