TechFlow, June 27 — The exclusive xBTC event co-hosted by NAVI Protocol, a DeFi project in the Sui ecosystem, and OKX has officially launched. The event runs from June 27, 2025, 07:00 to August 27, 2025, 07:00 UTC, offering a total reward pool of $700,000—$200,000 contributed by OKX and $500,000 by NAVI. During the event, users can unlock and borrow USDC via xBTC on NAVI to enjoy unlimited transaction fee rebates; all xBTC suppliers will be eligible for full USDC borrowing rewards, and users can also boost their yields on OKX Earn.
Previously, NAVI Protocol announced an exclusive partnership with OKX, becoming the only decentralized protocol capable of offering xBTC. xBTC is a wrapped Bitcoin issued by OKX, strictly backed by a 1:1 reserve mechanism.
