🧑🌾 💧 NAVX Yield Farming Guide on Cetus
The NAVI 🤝 Cetus partnership intensifies after the NAVX TGE!
For a limited time, you can participate in boosted liquidity pools on our strategic DEX partner for up to 800% APR for providing liquidity in the NAVX/SUI and NAVX/CETUS pools.
To help you jump on this unique opportunity and stack up NAVX rewards on Cetus, we’ve created a basic and advanced guide for our Navigators.
Let’s dive in 🤿 👇
✍️ NOTE: For this guide, we will be using the NAVX/SUI pool for simplicity. The process is identical for the NAVX/CETUS pool.
📜 NAVI DeFi Guide — Providing NAVX/SUI Liquidity
1️⃣ Step 1: Funding your wallet with NAVX and SUI.
To provide liquidity on a DEX like Cetus, you will need to hold both tokens in the pool, in this case, NAVX and SUI. Depending on your LP strategy, you will need a certain ratio of NAVX and SUI tokens.
Fund your Sui-capable wallet with NAVX and SUI tokens, by trading these tokens in the swap section on Cetus for other assets like USDC or USDT.
Connect your wallet and get started 👉 https://app.cetus.zone/swap/
☝️🤓 PRO TIP: Alternatively, you can provide USDC or USDT collateral to NAVI Protocol and borrow SUI instead of trading it.
This will allow you to benefit from the 20%+ APY from NAVI for providing liquidity, and use borrowed funds to provide liquidity to Cetus.
2️⃣ Step 2: Joining the NAVX/SUI Liquidity pool
Now that you have both NAVX and SUI, visit the Cetus pool list.
👉 https://app.cetus.zone/pool/list/
Scroll until you find the the NAVX/SUI (0.25%) pool and click on it to access the LP details.
3️⃣ Step 3: Choosing your LP Strategy
🐋 Cetus innovates the DEX space by implementing concentrated liquidity, whereby users may add their liquidity within custom price ranges. You can learn more about this concept in their documentation:
👉 https://cetus-1.gitbook.io/cetus-docs/protocol-concepts/concentrated-liquidity
You have multiple strategies at your disposal:
🔹Conservative — Lower yields and lower impermanent loss. Less frequent rebalancing.
🔹Active — Higher yields but higher potential impermanent loss. Requires frequent rebalancing.
🔹Full Range — Full range positions are active all the time with no need to be rebalanced but may earn less fees than concentrated liquidity.
🔹Custom — for advanced users who want to diversify their LP strategies.
You will notice that each concentrated LP strategy requires a different leverage ratio between NAVX/SUI. Ensure that you hold the correct NAVX/SUI ratio following your selected strategy and proceed to the next step.
4️⃣ Step 4: Providing NAVX/SUI liquidity to Cetus
The next step is fairly straightforward. Either input the amount of NAVX or SUI you wish to provide (the dApp will fill in the other asset following your strategy leverage).
Click on “Add liquidity” and review your LP in the prompt. Then, confirm the transaction in your wallet.
5️⃣ Step 5: Consult your LP position and claim rewards
To view, modify your position, or claim rewards, once again, visit the Pools page on Cetus and select the “My Position” tab. Click on the newly created position to expand its details.
The following window will provide you with information regarding your LP and different actions that you can undertake;
🔹 Claim — This will allow you to claim any mining or LPfee rewards accumulated to that point
🔹 Increase — Where you can add more liquidity to the pool.
🔹 Remove — Where you can remove your liquidity from the pool and reclaim your NAVX/SUI.
That’s it! You now own a NAVX/SUI LP position that will yield you up to 800% APR from fees and mining rewards.
The One-Stop Liquidity Protocol on Sui 💧
