# NAVI Protocol Emerges as Comprehensive DeFi Service on Sui Network

NAVI Protocol ($NAVX) has garnered attention as a “one-stop DeFi” service on the Sui Network, enabling users to manage deposits, loans, and leverage strategies in a unified platform. This article delves deeper into how NAVI Protocol encapsulates diverse DeFi assets and offers a user-friendly environment. From utilizing oracles to integrating real-world assets (RWA) and expanding Bitcoin-based DeFi, we explore the overall strategy and implications.

# Enhanced Stability Through Dual Oracle Systems

NAVI Protocol bolsters stability by sourcing price information from Pyth and Supra oracles, minimizing the risk of price manipulation and data errors. This involves cross-validation and range and historical validation procedures. If both oracles provide erroneous data, the price feed is halted to prevent incorrect pricing.

Cross-validation: Ensures both oracle sources provide valid data and computes a final price within an acceptable range.

Range and Historical Validation: If the final price deviates from a predefined range or changes drastically compared to previous prices, additional validation checks are performed.

Unlike protocols that rely on a single oracle, exposing them to risks like hacking or system downtime, NAVI Protocol’s dual-structured approach significantly enhances stability and trust.

# Activating Liquidity with Real-World Assets and BTC-Based Assets

NAVI Protocol, in collaboration with Ondo, is pioneering the integration of real-world assets (RWAs) into the Sui ecosystem. Notably, USDY, a tokenized dollar bond backed by short-term U.S. Treasuries and bank deposits, provides stability and allows users easy access to diverse high-yield strategies.

Additionally, NAVI Protocol is emphasizing its role in the BTCFi sector, attracting various projects to stimulate decentralized Bitcoin trading and DeFi on the Sui chain.

For example, through collaboration with the Lorenzo Protocol, NAVI Protocol has listed stBTC, attracting approximately 550 stBTC in liquidity. Furthermore, partnerships with Lombard and SatLayer are on the horizon, indicating more Bitcoin-based liquidity will be incorporated.

This integration allows Bitcoin holders to engage in more capital-efficient staking and leverage strategies within the Sui ecosystem, benefiting from NAVI Protocol’s diverse interest and investment opportunities.

Encompassing assets like USDY, stBTC, and LBTC, NAVI Protocol significantly broadens the asset utilization scope in the Sui-based DeFi market. This strategic move indicates a dual focus on expanding RWA-based DeFi and Bitcoin DeFi, underlining the protocol’s noteworthy efforts in widening the reach of decentralized finance with stable RWAs and high-recognition BTC liquidity.

# Optimized User Experience in DeFi with NAVI Protocol

Currently, NAVI Protocol boasts a TVL (Total Value Locked) of approximately $516 million, ranking second on the Sui Network. Among lending services, it stands 11th across all chains and 3rd on non-EVM chains.

The protocol achieved over 900,000 users, around 7.5 million transactions, a total deposit volume of $28 billion, and a total loan volume of $17.6 billion in 2024 alone. NAVI Protocol’s growth has closely mirrored the rapid rise of the Sui chain, establishing it as a key DeFi player within the ecosystem.

Central to NAVI Protocol’s prominence is its user-centric UX, encompassing functionalities from deposits and loans to leverage strategies and swap features. The protocol’s proactive measures, such as acquiring Volo and launching its own DEX aggregator, further underline its comprehensive approach. Coupled with its dual-oracle system, NAVI Protocol ensures a high level of stability.

Given the ongoing growth of the Sui network, NAVI Protocol is well-poised for further advancement. For users interested in DeFi, exploring the various functionalities and strategies offered by NAVI Protocol could be a worthwhile opportunity. The protocol’s official webpage supports multiple languages, including Korean, ensuring accessibility for non-English-speaking users.