TechFlow news: NAVI Protocol, a DeFi protocol within the Sui ecosystem, has now deeply integrated Ondo Finance's yield-bearing treasury-backed stablecoin USDY. Users can now earn diversified USDY yields by depositing USDY into NAVI's liquidity pools, using USDY as collateral for borrowing, and accessing NAVI's leveraged Vaults.
Sui is a Layer 1 blockchain built with the Move programming language and has become the second-largest non-EVM DeFi ecosystem, with total value locked (TVL) exceeding $1 billion. As the top-ranked DeFi protocol by TVL in the Sui ecosystem, NAVI Protocol’s integration establishes it as the official lending partner for USDY on Sui, accelerating the growth of real-world asset (RWA) offerings within the Sui ecosystem.
Add to Favorites
Share to Social Media
