NAVI Protocol (NAVX) is a decentralised finance (DeFi) platform built on the Sui blockchain. It allows users to lend and borrow digital assets without intermediaries. Users can deposit assets into NAVI's liquidity pools to either earn interest or use them as collateral to borrow other crypto. The protocol supports a variety of assets, including major cryptocurrencies and stablecoins.
The platform's native token, NAVX, serves multiple purposes. Holders can stake NAVX to earn rewards and participate in governance decisions, such as voting on protocol updates and changes. NAVX is also used to pay transaction fees within the ecosystem.
NAVI Protocol incorporates features like automatic leverage vaults and isolated markets to enhance user experience and manage risks effectively. It also integrates with price oracles to ensure accurate asset valuations.