What is NAVI Protocol (NAVX)

1. Project Introduction
Navi Protocol (NAVX) is a native, all-in-one liquidity protocol on the Sui ecosystem. It allows users to participate as liquidity providers or borrowers within the Sui ecosystem. Liquidity providers supply assets to the market and earn passive income through yields, while borrowers can access loans in various assets with flexibility. The protocol introduces innovative features such as automated leveraged vaults and isolated mode, enabling users to leverage their assets and explore new trading opportunities with minimal risk. Navi is designed to support digital assets across different risk levels while advanced security features protect user funds and mitigate systemic risks.
Summary: Navi Protocol is the first native all-in-one liquidity protocol on Sui, offering over-collateralized lending, dynamic interest rates, flash loans, and liquid staking services. Navi Protocol is live on the Sui mainnet and has partnered with Sui Foundation to launch the liquidity incentive program, Liquidity Xplorer. Navi aims to provide essential DeFi infrastructure, establishing itself as a key player in the rapidly growing DeFi world within the Sui ecosystem.
2. Team & Investment Info
The founding team of Navi Protocol has prestigious educational backgrounds and engineering experience, with a strong track record in blockchain projects. Co-founders include Elliscope Fang, co-founder of Helio.Money and former LinkedIn infrastructure engineer with a master’s degree in computer science from the University of Southern California, and Charles Huang, founder of a Web3 project and former Apple engineer with a master’s degree in computer science from UC Berkeley. Other key team members include Margaret Zhang (Head of Business Development), Ivan Djordjevic (Head of Marketing), Lia Lin (Smart Contract Developer), and Julia (Product Manager). The advisory team comprises experts from notable projects like Trachness and Coin98. On January 17, 2024, Navi Protocol acquired Volo, a liquid staking service provider.
Funding: On January 31, 2024, SoraAI completed a $2 million funding round led by OKX, dao5, and hashed. Other participating investors included Mysten Labs, Comma3 Ventures, Mechanism Capital, GeekCartel Capital, and Nomad Capital. Earlier, SoraAI was one of 17 projects selected for funding in the fifth round of SUI grants.
3. Social Media URLs
X: https://x.com/navi_protocol
Telegram: https://t.me/navi_protocol
Discord: https://discord.com/invite/R6Xkbee8Xq
4. Token Info
Token Symbol: NAVX
Total Supply: 1,000,000,000
Token Type: SUI
Issuance/Burn Mechanism: Fixed supply
Contract Address: 0xa99b8952d4f7d947ea77fe0ecdcc9e5fc0bcab2841d6e2a5aa00c3044e5544b5::navx::NAVX
Token Distribution:
Team: 20%
Daily operations and strategic initiatives: 10%
Market makers: 4%
Initial DEX offering: 1.2%
Marketing and promotion: 3%
Incentives for TVL growth, events, and airdrops, including rewards for early supporters: 45.8%
Investors and advisors: 16%
5. Related Links
Official Website: https://naviprotocol.io/
GitHub: https://github.com/orgs/naviprotocol/repositories
Other Info: https://naviprotocol.gitbook.io/navi-protocol-developer-docs