NAVI Protocol

Is NAVI Protocol a secure platform?

NAVI Protocol prioritizes security through multiple measures, including regular third-party audits, multi-oracle pricing to prevent manipulation, and supply limits and debt ceilings to maintain stability. The protocol leverages Sui's object-centric approach, which provides granular control over asset interactions and access, mitigating common attack vectors found in traditional account-based systems. However, users should be aware that, like any DeFi platform, there are inherent risks such as smart contract vulnerabilities and blockchain-related risks.

How to use NAVI Protocol?

To use NAVI Protocol, users first need to connect their Sui-compatible wallet to the platform. They can then supply their preferred assets to the liquidity pools, receiving Navi receipt tokens (e.g., nSUI) in return, which represent their share of the pool and can be used as collateral for borrowing. Users can also participate in governance by staking NAVI tokens to obtain vote-escrowed tokens (veNAVI), granting them voting power to influence emission distribution across various assets in the liquidity pools.