TechFlow news, October 14 — NAVI Protocol, a DeFi protocol in the Sui ecosystem, announced the technical upgrade for its wUSDC → USDC migration, aiming to provide users with a seamless transition experience to native USDC. This upgrade significantly reduces slippage while minimizing impacts on users' lending positions. Meanwhile, assets will be available in the USDC pool over the next 8 hours, offering participants an opportunity to earn over 35% APY.
In addition, bridged ETH from Sui Bridge LP has gone live on the NAVI Protocol platform. Starting October 14, 2024, a new liquidity pool for ETH bridged via Sui Bridge is available for borrowing and lending. This move aims to greatly enhance interoperability between Sui and Ethereum, delivering a stronger asset framework and improved security for users, along with faster transaction speeds and lower costs. Fees are low.
