David Edwards
Bybit Launchpool is thrilled to announce the introduction of NAVX, the native token of the NAVI protocol.
Event Duration: October 7, 2024, 10 AM UTC – October 14, 2024, 10 AM UTC.
During this time, stake NAVX, SUI, or USDC for a chance to earn a share of 2,500,000 NAVX tokens!
Step-by-Step Guide:
- If you don’t have a Bybit account. You can register here
- Go to website
- Stake your assets (NAVX, SUI, or USDC)
- Also you can open your Bybit app -> Find “Launchpool” -> Stake your assets
How Bybit Launchpool Works:
On Bybit Launchpool, you can stake NAVX, SUI, or USDC to earn NAVX rewards.
- NAVX Pool
- Rewards: 500,000 NAVX
- Minimum Stake: 1,000 NAVX
- Maximum Stake: 100,000 NAVX
- SUI Pool
- Rewards: 750,000 NAVX
- Minimum Stake: 70 SUI
- Maximum Stake: 3,000 SUI
- USDC Pool
- Rewards: 1,250,000 NAVX
- Minimum Stake: 100 USDC
- Maximum Stake: 2,000 USDC
Your Daily Yield is calculated based on your staked amount compared to the total pool of all participants, multiplied by the daily NAVX prize pool.
The yield is calculated starting the day after you stake (T+1) and deposited into your Funding Account the following day (T+2). The daily yield refreshes at midnight UTC.
You can unstake your assets anytime, but no yield will be earned on the day you withdraw your tokens.
A few words about Navi project:
Navi is the first all-in-one liquidity protocol built on the Sui network. It allows users to take part as either liquidity providers or borrowers within the Sui ecosystem. Liquidity providers can supply assets and earn interest by lending them to borrowers who need digital assets for their activities. Borrowers, in turn, can access loans in various digital assets. By focusing on building core DeFi infrastructure, NAVI aims to become a major player in the fast-growing DeFi space on Sui. The protocol introduces cutting-edge features like Automatic Leverage Vaults and Isolation Mode, allowing users to maximize their existing assets and explore new trading opportunities while keeping risks to a minimum.
