Navigating Sui: DeFi - Navi

NAVI Protocol is a decentralized, one-stop liquidity protocol built on the Sui blockchain, designed to provide essential DeFi infrastructure for lending, borrowing, and liquidity management.

Its ecosystem includes innovative features that enhance capital efficiency, support diverse assets, and minimize risks, making it a key player in the rapidly growing Sui DeFi landscape

NAVI Protocol stands out in the DeFi space for its exceptional user-friendly UX, designed to make decentralized finance accessible to both novice and experienced users on the Sui blockchain.

As a pioneer in BTCfi (Bitcoin DeFi) on Sui, NAVI is spearheading the integration of Bitcoin-based assets into its ecosystem, unlocking new opportunities for Bitcoin holders to engage in DeFi without leaving the Sui network.

1. Connect OKX Wallet: Click “Connect Wallet” on the Navi interface, select “OKX Wallet,” and approve the connection. Download OKX Wallet here.

2. Select an Asset to supply (lend): By default, the homepage will select SUI to lend. If you would like to select another asset, simply scroll down to view which assets are available to supply.

3. Supply your token:  Click on the “Supply” tab and enter the amount you would like to supply. In this example we will be supplying SUI. Click the “Supply Sui” button and confirm the transaction in your OKX wallet

In order to borrow on Navi, you must ensure that you have collateral by lending (i.e. supplying) an asset. To supply an asset, follow the steps above.

1. Connect OKX Wallet: Click “Connect Wallet” on the Navi interface, select “OKX Wallet,” and approve the connection. Download OKX Wallet here.

2. Borrow an asset: Navigate to the “Borrow” tab and select the asset that you would like to borrow. Make sure to note the borrow APR. Click “Borrow Asset” and confirm transactions to confirm your position.

NAVI provides users with 1-click yield strategies that utilize Sui staking and liquid staking token supply/borrow loops. This low-risk leverage system allows users to borrow Sui and supply LST for an optimized lending yield.

1. Connect OKX Wallet: Click “Connect Wallet” on the Navi interface, select “OKX Wallet,” and approve the connection. Download OKX Wallet here.

2. Select your strategy: Navigate to the “Earn” tab and select “Strategy”. Select one of the three different strategies.

3. Set your position: Enter the amount of Sui you would like to deposit and the number of times you would like to leverage. This number effectively represents the number of ‘loops’ that will occur, i.e. your SUI will be staked for vSUI, which will be lent as collateral to borrow SUI, which will be staked for vSUI etc. 

4. Confirm: Click “Supply” to initiate the looping sequence and sign transactions to confirm.