NAVI Protocol Introduces NAVI X Ecosystem Fund to Support Sui Blockchain Development

[PRESS RELEASE – New York, United States, April 2nd, 2024]

NAVI Protocol announced the creation of the NAVI X Ecosystem Fund, committing 10 million NAVX tokens to support the growth and innovation of the Sui blockchain DeFi and Move-based ecosystem. This initiative focuses on strengthening the capabilities and user base of the Sui blockchain and aims to provide critical resources to projects at various stages of development.

The fund is a collaborative effort involving key players in the DeFi space and aims to provide developers with the financial, strategic, and networking resources needed to develop and scale innovative projects on the Sui blockchain. The purpose is

Recognizing the importance of development support, NAVI Protocol’s NAVI X Ecosystem Fund aims to foster a nurturing environment for developers. This includes financial support, as well as advisory services, industry connections and marketing support to ensure the project’s sustainable growth within the Sui ecosystem.

The fund marks an important step towards strengthening Sui’s DeFi environment, offering a variety of incentives for builders, including hackathon bounties, developer grants, and partner rewards. It aims to attract and support innovators and developers dedicated to expanding the utility and adoption of the Sui blockchain.

The main activities of the NAVI X Ecosystem Fund will focus on:

– Provide financial support to promising projects and stimulate growth and innovation.

– Strengthen liquidity and financial stability within the Sui ecosystem.

– Supports the development of secure and resilient DeFi applications.

– Encourages exploration of new use cases and technologies on the Sui blockchain.

– Support community builders with NAVX tokens and foster a vibrant ecosystem.

– Attract strong development teams to the Sui blockchain through targeted grants and incentives.

– Enhance the Sui blockchain infrastructure and developer tools to improve your building experience.

About Navi Protocol

NAVI Protocol provides lending, borrowing, and liquidity staking services on the SUI blockchain with the aim of contributing to the growth and development of the blockchain. The NAVI X Ecosystem Fund represents NAVI Protocol’s commitment to support the SUI blockchain ecosystem and its developers.

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