Navigating Sui: DeFi - Navi
What is Navi?
Why use Navi?
Visit Navi here.
How to lend with Navi
Connect OKX Wallet: Click “Connect Wallet” on the Navi interface, select “OKX Wallet,” and approve the connection. Download OKX Wallet here.
Select an Asset to supply (lend): By default, the homepage will select SUI to lend. If you would like to select another asset, simply scroll down to view which assets are available to supply.
Supply your token: Click on the “Supply” tab and enter the amount you would like to supply. In this example we will be supplying SUI. Click the “Supply Sui” button and confirm the transaction in your OKX wallet
How to borrow with Navi
Connect OKX Wallet: Click “Connect Wallet” on the Navi interface, select “OKX Wallet,” and approve the connection. Download OKX Wallet here.
Borrow an asset: Navigate to the “Borrow” tab and select the asset that you would like to borrow. Make sure to note the borrow APR. Click “Borrow Asset” and confirm transactions to confirm your position.
How to use Navi’s LST Yield Strategies
Connect OKX Wallet: Click “Connect Wallet” on the Navi interface, select “OKX Wallet,” and approve the connection. Download OKX Wallet here.
Select your strategy: Navigate to the “Earn” tab and select “Strategy”. Select one of the three different strategies.
Set your position: Enter the amount of Sui you would like to deposit and the number of times you would like to leverage. This number effectively represents the number of ‘loops’ that will occur, i.e. your SUI will be staked for vSUI, which will be lent as collateral to borrow SUI, which will be staked for vSUI etc.
Confirm: Click “Supply” to initiate the looping sequence and sign transactions to confirm.
