Quick Guide on How to Earn with YBTC.B on Navi Protocol on Sui

Folks Finance

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Navi Protocol

NAVI is the inaugural liquidity protocol on Sui. It enables users to participate as liquidity providers or borrowers within the Sui Ecosystem and provides a one-stop shop for all kinds of DeFi activities through its exhaustive ecosystem of apps.

Strategy Introduction

Deposit YBTC.B in NAVI Protocol to earn interests, $DEEP rewards & $BTR Bonus.
Users could borrow Stablecoins or SUI LSTs against YBTC.B and get more incentives.
Users could withdraw their deposits from NAVI Protocol anytime.

Yield Distribution

Interest APY: updated and claimable in real time.
$DEEP rewards: updated and claimable in real time.
$BTR Bonus: updated in real time, monthly claimable. </aside>

Step 1: Log in Navi Protocol

Visit the page https://app.naviprotocol.io/detail?id=30&oracleId=30&coinType=0xa03ab7eee2c8e97111977b77374eaf6324ba617e7027382228350db08469189e::ybtc::YBTC and log in Navi Protocol with your Sui-compatible wallet. Please make sure you’re holding Sui as gas tokens in your wallet before starting.

Step 2: Earn with YBTC.B on Navi Protocol

Option 1: Supply and deposit YBTC.B in NAVI Protocol to earn interests, $DEEP rewards & $BTR Bonus.

You may withdraw your YBTC.B from NAVI at any time by simply switching to the “Withdraw” section on the YBTC.B supply page.

Option 2: Borrow Stablecoins or SUI LSTs against YBTC.B and get more incentives.

You may use YBTC.B as collateral to borrow stablecoins or SUI LST. Visit the page https://app.naviprotocol.io/ and select the asset you hope to borrow.