NAVI Protocol Raises $2M from OKX Ventures, dao5 and Hashed NAVI Protocol, the first native one-stop liquidity protocol on Sui, has raised $2 million to expand its innovative all-in-one lending, borrowing and LSDeFi platform. The funding round was co-led by OKX Ventures, dao5 and Hashed, with participation from other notable investors including Mysten Labs, Comma3 Ventures, Mechanism Capital, GeekCartel Capital, Nomad Capital, Coin98 Ventures, Cetus Protocol, Maverick, Viabtc, Assembly Partners, Gate.io, Hailstone Labs, Benqi and LBank Labs.
NAVI Protocol enables users to participate as liquidity providers or borrowers within the Sui ecosystem, providing crucial DeFi infrastructure for the rapidly evolving world of decentralized finance. The Move-based protocol’s innovative features empower users to leverage their existing assets and access novel trading opportunities with minimized risks
Details: https://medium.com/@navi.protocol/navi-protocol-raises-2m-from-okx-ventures-dao5-and-hashed-e9b0eb8026b3
