Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

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

Published 04/02/2024, 08:00 AM
Updated 04/02/2024, 08:30 AM
NAVI Protocol Introduces NAVI X Ecosystem Fund to Support Sui Blockchain Development

New York, United States, April 2nd, 2024, Chainwire

NAVI Protocol has announced the creation of the NAVI X Ecosystem Fund, committing 10M NAVX tokens to support the growth and innovation of the Sui blockchain's DeFi and Move-based ecosystem. This initiative aims to provide vital resources for projects at different stages of development, with a focus on enhancing the Sui blockchain's functionality and user base.

The fund is a collaborative effort involving key stakeholders from the DeFi space, designed to equip developers with financial, strategic, and networking resources necessary for the development and scaling of innovative projects on the Sui blockchain.

Recognizing the importance of development support, NAVI Protocol's NAVI X Ecosystem Fund aims to foster a nurturing environment for developers. This involves financial backing and also advisory services, industry connections, and marketing support to ensure the sustainable growth of projects within the Sui ecosystem.

The fund marks a significant step towards enhancing Sui's DeFi landscape, offering a range of incentives for builders, including hackathon bounties, developer grants, and partner rewards. It seeks to attract and support innovators and developers dedicated to broadening the utility and adoption of the Sui blockchain.

NAVI X Ecosystem Fund's main activity will focus on:

- Providing financial support to promising projects, thus stimulating growth and innovation.

- Enhancing the liquidity and financial stability within the Sui ecosystem.

- Supporting the development of secure and resilient DeFi applications.

- Encouraging the exploration of new use cases and technologies on the Sui blockchain.

- Support community builders with NAVX tokens to foster a vibrant ecosystem.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

- Attract leading development teams to the Sui blockchain through targeted grants and incentives.

- Enhance the Sui blockchain's infrastructure and developer tools to improve the building experience.

About NAVI Protocol

NAVI Protocol offers lending, borrowing, and liquid-staking services on the SUI blockchain, aiming to contribute to the blockchain's growth and development. The NAVI X Ecosystem Fund represents NAVI Protocol's commitment to supporting the SUI blockchain ecosystem and its developers.

Website | X | Telegram | Discord

ContactMarketing LeadIvan Djordjevicivan@naviprotocol.io

This article was originally published on Chainwire

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.