Sui DeFi Navi Protocol (NAVX) Offers Incentives for FDUSD Liquidity Pool… "Up to 50% Annual Yield"
Minseung Kang
Summary
- Navi Protocol has announced that it will offer incentives for the FDUSD liquidity pool.
- The liquidity pool is said to pay interest at a maximum annual yield of 50%.
- It is expected that actual earnings will vary depending on the deposit period.
The Sui-based Total Value Locked (TVL) leading decentralized finance (DeFi) platform 'Navi Protocol (NAVX)' has announced that it will offer incentives for its FDUSD liquidity pool.
On the 17th, Navi Protocol announced via X (formerly Twitter) that "over the next few weeks, the FDUSD pool will offer incentives (for deposits)" and "during this period, the FDUSD pool will pay interest at a rate equivalent to an annual yield of 50%."
Meanwhile, since incentives in the FDUSD pool will be provided over the next few weeks, the actual earnings are expected to be applied proportionally to the deposit period.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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