• posted on 12-14-2024 in crypto

Yo, anon... Had to let you know just how much i LOVE navi protocol on Sui chain. Need a link? i got you fam, right here meow -> navi protocol.

Don't be afraid to look around the site/app, it's very nice and loads quicker than most protocols i've used on Sui so far. Straight forward ui and easy to read, i think its in dark mode by default.
Navi has its own utility token that is around the $0.14-0.18 range at time of writing.
The token contract is 0xa99b8952d4f7d947ea77fe0ecdcc9e5fc0bcab2841d6e2a5aa00c3044e5544b5::navx::NAVX
And you can see the navi token details via my favorite sui explorer, suivision, here.

You'll want to grab a bag of their token to hold and to deposit into their site. Navi token acts as a boost multiplier on your overall on site rewards. You can see the % and boost details distinctly in you navi dashboard or in the pool list.
i think their protocol is partnered or a part of the volo staking ecosystem, they're linked in the top navigation bar and most of the rewards boost your volo sui stake.
Volo and hasui are the main supported two and for good reason as they are like ogs and are worth the most [from what i've found so far] among sui stake tokens.

The team recently integrated a on site swap that has sponsored gas fee on some conversions. Not all but a few pairs are supported but if so, you don't have to pay gas on that pair swap. Pretty dope. Otherwise they just let you know and proceed as usual.
Me lowkey thinking the more you swap on site, the more you will be rewarded down the road. Many protocols offer this and with this swap being kinda new, ya never know so worth using early etc etc. i tink kriya counts on site swaps/activity towards their rewards for example, so its not unheard of.
Swapping with the protocol helps the team earn fee revenue too to further benefit the entire ecosystem, in case ya didn't know anon.

In the navi dash you'll clearly see your deposite positions and borrows, separated by tabs. Big and easy to read details on your equity, liquidation health and your loyalty level. I actually learned the other day that if you deposit $50 in navi token you can reach level 2 pretty easily. The old thingy/tier was like $500 but you can easily bypass that now using their token instead.
I'm not much of a borrower, on any protocol/chain, but with sui i have learned to embrace the stake/borrow loop. And the bonus yield earned off the borrowed amount. Some protocols will not let you loop on site but will actually help you with the strategy to take elsewhere in the ecosystem. Navi actually offers two safe strategies here, on the strategy page. Beginner friendly loops using vsui and hasui, and they explain plus automate it for you. Ngl i had to reread it a few times when i started lol. me being the art type from the memechains coming over and learning real trading finesse requires a lil more focus/attention less autism/degen im finding.
But i like it more. Navi yield is worlds better than a few of the other protocols i've tried on sui so far. me really love it there. great yield, easy claim, trustworthy pools/market pairs. nfa but yea browse around the navi app.
and no, me not paid to post this lol. A few ref links with full disclosure fam. if you join and use be sure to take advantage of your referral code too. Boost them rewards and promote a legit protocol, early.
oh and navi is thirdparty audited, me learned the hard way on another chain recenlty why that is important, like super important. A protocol that is not audited can/will literally hide buttons and disable withdrawals randomly, like ouch lol.

And thats why i think i'll put more effort into sharing with web 2 the good parts of web 3. Sui even has a saying about that.
Crypto doesn't have to be full of rugs, shady protocols and fake frens.
Pick the right chains and teams, like Navi on Sui, anon...

oh and disclaimer, again, dyor, nfa, im autistic, perhaps slow, this post is not advice of any kinda. [tehe]