10M NAVI X Ecosystem Fund — Pushing Sui Lending and Liquid Staking to the Next Level
Since its launch, NAVI has strived to become a staple of the Sui DeFi ecosystem. By providing users with increased composability through lending, borrowing, and incentives, NAVI has become a crucial piece of the puzzle for growing the Sui community.
To perpetuate this narrative further, NAVI aims to become a cornerstone of the Sui network by offering builders additional tools to push out groundbreaking products. As a starting point, NAVI recently released the NAVI SDK and Flash Loans smart contracts.
This already allows builders to push the boundaries of what is already possible in the Move-based lending industry.
Moreover, at NAVI, we believe that the strength of a blockchain ecosystem is dependent on the strong partnerships among projects building upon it. Builders supporting each other allow for better asset composability, use cases, and utility which ultimately lead to stronger adoption of the ecosystem.
For this reason, NAVI is launching the NAVI X Ecosystem Fund, an enterprise aimed at rewarding builders and partners for collaborating and building on top of NAVI.
What is the 10M NAVI X Ecosystem Fund?
The 10M NAVI X Ecosystem Fund is an undertaking that aims to stimulate builders to utilize NAVI, Volo, NAVX, and vSUI and provide new utilities for the protocols and their native assets. Moreover, it aims to enhance the adoption of the Sui network and build a stronger community, cross-pollinated from various projects.
The goal is to create a vibrant and collaborative ecosystem of projects within Sui, that will strengthen the DeFi capabilities of the network and allow different communities to work as a whole.
To achieve this, NAVI plans to reward current and aspiring builders and partners through a wide range of well-defined incentives and promotional structures.
In short, the Ecosystem Fund will:
- Leverage 10M NAVX tokens to curate and give back to the most robust community builders.
- Attract top development teams and projects to build with NAVX through developer-friendly grants, incentives, education, and events.
- Establish NAVI as an innovation-focused brand and patron in the Move ecosystem.
Incentive Structure of the NAVI Ecosystem Fund
NAVI will use various proven incentive methods that have provided great results across the blockchain industry regarding innovation, growth, and adoption.
Hackathons with Bounties
NAVI’s hackathons are designed to incentivize developers to build with NAVI and Volo smart contracts and provide additional utility to the protocols.
As a NAVI developer, you’ll have access to:
- Funding: Get the financial support you need to turn your ideas into reality.
- Strategic Advisory: Receive guidance and mentorship from industry experts and thought leaders.
- Industry Connections: Tap into our network of partners and collaborators to expand your reach and impact.
- Go-to-Market Strategy: Work with our team to develop a comprehensive go-to-market strategy that sets your project up for success.
As we advance, various initiatives will cover different aspects of leveraging NAVI Protocol smart contracts.
Cohort Grants
NAVI supports projects that enhance the protocol’s use cases, composability, and adoption.
The Cohort Grants aim to incentivize and reward any project, community, or individual that wishes to improve the NAVI ecosystem’s adoption, utility, and general growth.
NAVI aims to fund a wide range of initiatives, including, but not limited to:
- Flash Loans utilization with NAVX tokens.
- Integrations of the NAVX token for payments.
- Enhancing the use cases of Volo and NAVI within Sui DeFi
- Integrating NAVX or vSUI
- Leveraging NAVI and Volo smart contracts for optimal DeFi strategies.
- Academic work and research
- Developer tooling and protocol improvements.
- Etc.
Anyone will be able to apply for the Cohort Grants, on a soon-to-be-released platform that will allow the NAVI team to manage this grant program.
Community-building incentives
Communities are the cornerstone of any blockchain project. In a decentralized, peer-to-peer industry, each fragment of liquidity matters. As such, boosting collaboration between communities in the Sui ecosystem is crucial.
To amplify this narrative, NAVI plans to reward community-building initiatives that improve NAVI’s exposure to new users.
This can include real-life events, educational materials, translations, or any community-building efforts. Similar to Cohort Grants, these incentives will be distributed on an application and approval basis.
Promotional Structure
In addition to funding development or community-building efforts, NAVI will engage in additional co-marketing initiatives.
These will include, but are not limited to:
- Support and exposure on NAVI’s growing socials, following predetermined guidelines.
- Co-hosted campaigns with engagement platforms (TaskOn, Glalxe, etc)
- Other types of marketing incentives.
Conclusively, projects rewarded by the NAVI X Ecosystem Fund will receive both funding and marketing support from NAVI’s experienced business development team.
Conclusion
NAVI Protocol aims to be a frontrunner in the Sui DeFi ecosystem by continuously pushing out innovative lending and liquid staking products. The NAVI X Ecosystem Fund is designed to bring precisely that — committed builders and partners that work towards the growth of the NAVI ecosystem.
Stay tuned for further information on how to participate in our Hackathons, Cohort Grants, or Community-building initiatives.
The One-Stop Liquidity Protocol on Sui 💧
