New Milestone! ✨
#NAVI has surpassed $20 million in total market size.
Our commitment to providing secure and reliable #DeFi on @SuiNetwork is bolstering our growth!
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Learn DeFi with NAVI - Flash Loans ⚡️
🎓 Let’s take this opportunity to learn about Flash Loans, a feature that will eventually make its way to NAVI protocol.
Flash Loans are an integral and unique feature of DeFi.
NAVI Deep Dives - Sui’s zkLogin
🙇 DeFi is still experiencing high amounts of friction in onboarding less experienced blockchain users to the space.
💧 @SuiFoundation is trying to remedy this issue with their zkLogin primitive.
Let’s learn more about this feature and how it superpowers user onboarding on sui dApps like #NAVI. 👇
🔑 zkLogin is a Sui feature that allows users to sign into their dApps in a simplified manner.
It now supports a number of OpenID OAuth providers including Google, Twitch, and Facebook, and allows users to log in to their Sui wallet using familiar credentials.
🫥 With zkLogin, developers can choose to use invisible wallets, abstracting the interaction with the blockchain from the end user for a more streamlined experience:
🎯 The feature has multiple goals:
🔹 Simple Onboarding by eliminating the friction of handling cryptographic keys. Blockchain experience becomes as familiar as logging into Google or Facebook.
🔹 Self-Custody where only the user can interact with their assets.
🔹 Highly secure thanks to a two-factor authentication scheme.
🔹 Enhanced privacy, as zk-proofs prevent third parties from linking a Sui address with its corresponding OAuth identifier.
🔹 Optional Verified Identity where users can opt into verifying their OAuth identifier and link it to their Sui address.
🧑💻 And on our side, the team is extremely excited to bring all of these neat benefits by integrating zkLogin to NAVI in the near future!
Did You Know - Yield Farming 🌽
Yield farming is one of the most appealing aspects of #DeFi.
It allows users to reap rewards for providing liquidity to various lending or DEX protocols.
🧩 You can fit the DeFi puzzle pieces together to optimize your earnings.
For instance,
1️⃣ You can supply USDT to #NAVI and start getting APY from the protocol.
2️⃣ You can then use that #USDT as collateral to borrow #USDC + SUI to provide liquidity to a DEX like @Turbos_finance or @CetusProtocol for even higher yields.
🚦 Get started now on https://t.co/yVWWrZYo6N
🗒 For more DeFi Yield Farming strategies leveraging wETH, please refer to the articles below 👇
Cetus: https://t.co/0w6dNTHrp6
Turbos: https://t.co/ZjToOo6Bdo