NAVI Protocol, a leading DeFi platform, announced an exclusive partnership with OKX to introduce xBTC lending and borrowing on the Sui network.
Partnership Overview
The partnership between NAVI Protocol and OKX represents a strategic move to enhance the utility of xBTC. This collaboration also emphasizes Sui's position as a hub for Bitcoin-based DeFi.
User Rewards and Incentives
As part of the initiative, NAVI will distribute $500,000 in NAVX rewards, while OKX will provide an additional $200,000 in SUI for users supplying xBTC through the OKX Earn program.
Important Dates and Events
Key events in this campaign include: - June 24, 2025: Opening of incentivized borrowing pools for xBTC on the NAVI platform. - June 27, 2025: Launch of incentivized borrows for USDC liquidity providers. - July 7, 2025: Start of incentivized borrows for SUI liquidity providers.
The partnership between NAVI Protocol and OKX enhances DeFi accessibility and underscores the significance of the Sui network in the BTCFi space, offering users innovative financial opportunities.
