NAVI Protocol Price (NAVX)

NAVI Protocol (NAVX) Token Price Now

NAVI Protocol price today is $0.1201 with a 24-hour trading volume of $3,737,934. NAVX price is down -9.02% in the last 24 hours. It has a circulating supply of 74Mil NAVX tokens and a max supply of 1000Mil.
In order to search for real-time and historical information about NAVI Protocol (NAVX) blockchain, including data related to blocks, transactions, addresses, and more, you may use NAVI Protocol (NAVX) block explorers. Here are some of the most popular and useful NAVI Protocol (NAVX) blockchain explorers out there:

• suiscan.xyz

What Is NAVI?

NAVI is the first 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 Ecosystem
The 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.
The name "NAVI" finds its roots in the original Indian language, meaning "Be Kind to People." This philosophy is reflected in the NAVI team's commitment to fostering mass adoption of DeFi by emphasizing the simplicity and security offered by the Move programming language.

What Is NAVX Token?

$NAVX Token is a vital component of the NAVI Protocol ecosystem.  

NAVX Token Overview

• Name: $NAVX Token
• Ticker: $NAVX
• Chain: Sui
• Total Supply (Max): 1,000,000,000 $NAVX

NAVX Utility & Governance

The $NAVX token has a wide range of use cases within NAVI Protocol. These use cases for $NAVX have been designed to promote growth and asset composability across the broader Sui DeFi ecosystem. They are part of the structured journey toward achieving decentralization, community governance, and vital protocol autonomy.

NAVX's Governance:

Token holders can participate in the governance of the NAVI Protocol by voting on proposals and updates.

This decentralized governance process ensures that the platform’s development and future direction are driven by its users. Governance proposals would include:

• Money Markets
• New Proposals for collateral & isolated market candidates.
• Proposals for incentivized pools.
• Major platform updates.

NAVX's Dynamic Liquidity (dLP) provision:

Users can provide liquidity to NAVX/SUI and NAVX/vSUI pairs in DEXes to get LP tokens. They can then lock their LP tokens for a period of time in proportion to their supply amount to activate eligibility to receive rewards within the money market.

dLP utilities include:

• Boosted $NAVX Emission: Users can earn additional $NAVX rewards on top of their basic supply/borrow APY.
• Revenue Sharing: NAVI Protocol generates fees from borrowing within the platform. A portion of these fees is allocated to dLP holders, while the remaining fees are distributed to the platform’s treasury and other purposes as defined by the platform’s design.
• Voting: Users who hold dLP tokens have more leveraged voting power than regular $NAVX token holders.
• Eligibility: To trigger $NAVX emissions on both deposits and borrows, you must lock at least 2.5% of your deposit’s USD value in dLP tokens.

Conclusively, $NAVX’s utility encourages users and token holders to actively participate in the protocol’s governance and liquidity activities in NAVI’s ecosystem.

NAVX Token distribution

The $NAVX token allocation is designed to support the growth, sustainability, and decentralization of the NAVI Protocol. Here’s how the tokens are distributed:

Each allocation has a specific use case:

• Team: 20% — Allocated for team members to align with long-term project success.
• Treasury: 10% — Reserved for daily operations and strategic initiatives.
• Liquidity Provision: 4% — To support market makers and secure liquidity.
• Public Sale (IDO): 1.2% — Allocated for the initial decentralized exchange offering.
• Marketing: 3% — Used for promotional and outreach activities.
• Ecosystem & Airdrop: 45.8% — Dedicated to incentivizing TVL growth, running campaigns and airdrops. Includes the initial early supporters incentive.
• Investors / Advisors: 16% — Allocated for investors and advisors.

NAVI Protocol (NAVX) Community

• Twitter: https://twitter.com/navi_protocol
• Discord: https://discord.gg/R6Xkbee8Xq
• Medium: https://medium.com/@navi.protocol
• Telegram: https://t.me/navi_protocol

What is NAVI Protocol (NAVX) Contracts address?

• Sui: 0xa99b8952d4f7d947ea77fe0ecdcc9e5fc0bcab2841d6e2a5aa00c3044e5544b5::navx::NAVX