NAVI Protocol raised $2 M in a new round of funding on 2024-01-30.

According to media reports, NAVI Protocol raised $2 M in a new round of funding on 2024-01-30. the investors in this funding round include OKX Ventures,dao5,Hashed,Mechanism Capital,Nomad Capital,Sui,Comma3 Ventures,Coin98 Finance,Gate Labs,GeekCartel and others. Following this round, NAVI Protocol's total funding reached $2 M.

Navi is a Native One-Stop Liquidity Protocol on Sui. It enables users to participate as liquidity providers or borrowers within the Sui Ecosystem.Liquidity providers supply assets to the market, earning passive income through yields, while borrowers have the flexibility to obtain loans for different assets. With its focus on providing essential DeFi infrastructure, Navi aims to be a key player in the rapidly evolving world of DeFi in the Sui EcosystemThe protocol's innovative features, such as Automatic Leverage Vaults and Isolation Mode, enable users to leverage their assets and access novel trading opportunities with minimized risks. NAVI's design provides support for digital assets at different risk levels, while its advanced security features ensure the protection of user funds and the mitigation of systemic risks.