NAVI
Lending
NAVI is a decentralized lending platform on Sui network and supports features like isolated pool, flash loan and cross-chain lending/borrowing
Risk Rating
Average
Protocol Code Quality
Protocol Maturity
Protocol Design
What is NAVI?
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InvestInformation
Exploit/Hacks
None
- Documentation
- Auditors
- Please see our FAQ on experienced auditors
Info
- Website
- Tags: Lending
Key Metrics
- TVL: $441.6M (Rank #48)
- TVL Ranking by Lending: #13
- Blockchain: Sui
- Chain TVL
- Sui: $441.56M
Risk Assessment
Average
Protocol Code Quality
- Code reviewed by several experienced auditors; OtterSec and MoveBit
- Anonymous team reduces transparency
- No documented protocol hacks since launch
Protocol Maturity
- Latest protocol version launched in 2023; maturity over one year minimizes technical risk as smart contracts are well battle-tested
- Top 5% by total value locked reduces risk
- Multisig wallet controls protocol upgrades
- Multisig consists of less than 4 signers, which makes the protocol more susceptible to centralization risks
- No timelock exists or no information documented, which mean a malicious actor could approve upgrades without any delay
- Low voting power concentration reduces risk
Protocol Design
- No death spiral concerns
- Solid controls to prevent oracle price manipulation
- Secured lending market that uses a combination of isolated and cross-collateral pools depending on the individual asset serves to reduce risk
- Robust controls in place to prevent risky borrowing
- Robust mechanisms in place to ensure healthy liquidations
- Solid methods to accrue protocol reserves
Things to know about NAVI
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