TechFlow news, on January 17, NAVI Protocol, the leading DeFi protocol by TVL in the Sui ecosystem, announced the acquisition of Volo, a liquid staking protocol built on Sui. This strategic move will strengthen NAVI Protocol's goal of becoming a one-stop liquidity hub on Sui and solidify voloSui's position within the Sui ecosystem.
The merger and transition are expected to be completed within one month. Following the integration, NAVI Protocol will focus on developing an integrated suite of solutions to better meet evolving user needs.
NAVI Protocol currently holds over $100 million in TVL and serves 960k users. It offers users services including dynamic interest rates, flash loans, and over-collateralized lending/borrowing with liquid staking capabilities, and has completed audits by OtterSec and Movebit.
Volo is a liquid staking platform dedicated to delivering fully decentralized LSDFi solutions for SUI.
