The NAVI team has been on a mission to increase users’ exposure to the governance asset of the platform, the NAVX token. To this end, they recently partnered with top cryptocurrency exchange Bybit, which will facilitate the listing of NAVX on their trading platform, starting October 7, 2024.

SINGAPORE, Dec. 09, 2023 (GLOBE NEWSWIRE) -- OKX, a leading Web3 technology company, has issued updates for the day of December 9, 2023.

Sui's enterprise-scale approach to infrastructure technology led NAVI to build its banking protocol on the network. With features such as online banking and chip cards, banks have long embraced technology. However, Charles and Elliscope took a different approach in founding NAVI Protocol. Using their technology expertise and background, they embraced banking.

The liquid market is the lifeblood of the prosperity of the crypto ecosystem, especially for the new ecosystem. When it comes to liquidity, the importance of DeFi is self-evident. Allow users to use a shared liquidity pool system to lend and borrow cryptocurrency assets without middlemen, through certain incentives, to lock in liquidity and bring leverage to funds within the ecosystem. As a new ecosystem, one of the challenges Sui Ecosystem faced in its early stages was the lack of sufficient liquidity. This made it difficult for its internal DApp to attract enough users and funds in the early stages of launch. In this context, the emergence of NAVI Protocol is undoubtedly a timely and powerful support, filling the liquidity gap for the Sui ecosystem.

NAVI Protocol has announced the creation of the NAVI X Ecosystem Fund, committing 10M NAVX tokens to support the growth and innovation of the Sui blockchain's DeFi and Move-based ecosystem. This initiative aims to provide vital resources for projects at different stages of development, with a focus on enhancing the Sui blockchain's functionality and user base.