On October 14, COINOTAG reported a significant development within the cryptocurrency sector, as the NAVI Protocol has announced an upgrade in its migration technology. This upgrade facilitates the transition from wUSDC to USDC, effectively minimizing slippage for users. Furthermore, to incentivize liquidity, the NAVI Protocol has introduced Annual Percentage Yield (APY) bonuses for users who deposit assets over the next eight hours into its USDC pool. Concurrently, participants in the NAVX pool will also reap similar APY rewards. In an additional stride towards enhancing liquidity, NAVI Protocol has launched a cross-chain ETH solution through the Sui Bridge, marking its availability for lending as of today. These enhancements position NAVI Protocol as a noteworthy player in the decentralized finance (DeFi) landscape, providing users with increased opportunities for asset optimization.
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