OKX Wallet x NAVI Bonus Event — Step-by-Step Tutorial
Navigators, NAVI is proud to bring you the OKX DeFi x NAVI Protocol Bonus Event!
For a limited time, providing liquidity to NAVI through OKX will yield incredible APY bonuses!
| Period:
December 7th 2023, 10 AM UTC -> January 6th, 2024 10 AM UTC.
| Campaign Link:
🔗 https://www.okx.com/activities/defi-navi-bonus-event
| Detailed Medium Post:
🔗 https://medium.com/@navi.protocol/c257dbda67da
To help you out with the liquidity provision process with OKX Wallet, we’ve created this step-by-step tutorial. Following it should allow you to participate in the campaign and start accumulating bonus APY in no time!
Let’s get started 👇
Prerequisites:
🔸 A wallet funded with USDC or SUI on the Sui blockchain
🔸 At least 1 SUI to pay for gas when initiating transactions
- Visit The OKEX DeFi x NAVI Bonus Event page
🔗 https://www.okx.com/activities/defi-navi-bonus-event
And click on one of the pools that you want to supply liquidity for. Here, we’ve chosen USDC.
2. On the USDC page, click on “Connect Wallet”
3. If you already have an OKX Wallet, connect it to the dApp using either your mobile wallet or your Chrome extension.
In our case, we assume this is your first time using OKX Wallet, so let’s create a new one. Click on “Add wallet extension to Chrome”
4. Follow the instructions to set up your OKX wallet and write down your recovery seed phrase. You can follow this detailed guide in case you are unfamiliar with the concept.
5. When your OKX Wallet is up and running, click on “Connect Wallet” and use your newly installed Chrome extension.
6. Once more, before you proceed to the next step:
🔸 Ensure that you have USDC on the Sui network in your wallet. Check out our previous guide on Bridging assets to Sui to get some USDC to your address.
🔸 Ensure that you have at least 1 SUI to cover the maximum gas fee on the blockchain.
7. Once your wallet is connected to the OKX page, the app will detect your USDC in your wallet.
8. To supply liquidity:
🔸 Enter the amount that you wish to supply to NAVI as liquidity (A).
🔸 Click on “Invest” and Confirm the transaction in your OKX Wallet (B).
9. The OKX app will provide you with some details on the projected APY for your liquidity provision.
10. Once your LP transaction is complete, go into your OKX Wallet Tab (A) on OKX and enter the DeFi section (B)
There, you will be able to find your LP on NAVI and claim your rewards. Note that each claim will require a certain amount of SUI tokens for gas. the Bonus rewards will become claimable 2 weeks after the start of the campaign.
That’s it! You are all set up. You can now choose to supply more liquidity or claim your rewards anytime you wish to do it through the OKX Wallet.
