On February 7th, 2024, Chainwire – Bitget, the world’s leading cryptocurrency exchange and Web3 company, is delighted to announce the upcoming listing of NAVI Protocol (NAVX) on its Innovation and DeFi Zone. NAVI Protocol, the first Native One-Stop Liquidity Protocol on the Sui Ecosystem, is poised to transform DeFi within the Sui community.
NAVI Protocol, the pioneer Native One-Stop Liquidity Protocol on Sui, empowers users to participate as liquidity providers or borrowers within the Sui Ecosystem. Liquidity providers can earn passive income through yields by contributing assets to the market, while borrowers have the flexibility to access loans for various assets. With a focus on providing essential DeFi infrastructure, NAVI Protocol aims to become a cornerstone in the rapidly evolving DeFi landscape within the Sui Ecosystem.
NAVI Protocol introduces innovative features such as Automatic Leverage Vaults and Isolation Mode, enabling users to leverage their assets and access novel trading opportunities with minimized risks. The protocol supports digital assets at different risk levels, while prioritizing user fund protection and mitigating systemic risks. The name NAVI derives from the original Indian language, signifying “Be Kind to People,” reflecting the team’s commitment to promoting mass adoption of DeFi through the simplicity and security offered by the Move programming language.
Bitget has been consistently expanding its market share in both spot and derivatives trading among centralized exchanges. The platform aims to provide users with opportunities to invest in popular and valuable projects and is actively expanding the variety of digital assets in its spot market. In 2023, the platform added over 350 new listings, and Bitget Wallet now supports over 100 mainnets and 250,000+ tokens. Its on-chain trading function, Bitget Swap, enables cross-chain trading between 40 mainnets.
NAVI Protocol (NAVX) will soon be available for trading on Bitget’s Innovation and DeFi Zone, providing users with access to cutting-edge DeFi solutions. For more information, please visit https://www.bitget.com/support/articles/12560603805171.
About Bitget:
Founded in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company, serving over 20 million users in 100+ countries and regions. The Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers comprehensive Web3 solutions and features, including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget collaborates with credible partners, such as legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL, to inspire individuals to embrace crypto.
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Contact:
Rachel Cheung
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