Tiago Foppa

New Milestone! ✨ #NAVI has surpassed $20 million in total market size. Our commitment to providing secure and reliable #DeFi on @SuiNetwork is bolstering our growth!

Navi Deep Dives - Health Factor 💊 Having a deeper understanding of the Health Factor property of your liquidity positions is an essential skill when using #DeFi lending platforms like NAVI. This thread will allow you to: 1️⃣ Understand the concept 2️⃣ Learn why it’s important 3️⃣ Teach you how to keep your position healthy Let’s get started 👇 ⚖️ The stability of decentralized lending protocols like NAVI heavily depends on the health of the lending/borrowing dynamic. NAVI uses a Health Factor for accounts to keep the stability of the protocol in check. 🔢 This health factor is a numeric representation of the safety of your deposited assets against the borrowed assets and their underlying value. You can check this page for the exact formula on how the HF is calculated: 👉 bit.ly/3ZFOld2 🆙 What you need to understand is that the higher the value of this number, the safer your positions remains from liquidation. 🤒 If the HF of a given account reaches 1 (or below), the position becomes at risk of liquidation. Liquidating unhealthy positions is essential to maintaining solvency for the protocol. 📉 Price volatility might affect the HF negatively. For example, the market value of the collateral dropping significantly could reduce your HF. To remedy this situation, the user needs to either: 🔹 Repay their loans 🔹 Add more collateral to raise the HF higher. 🔍 This is why it’s essential to keep track of your account’s HF at all times. 📍 ProTip: You can use the #Notifi integration in NAVI to get alerts when your HF reaches a certain threshold. It’s good practice to have your HF above 1.3 and avoid unwanted liquidation scenarios. #️⃣ Follow us for more educational content like this and get your DeFi skillset to the next level.

1/7 Learn DeFi with NAVI - Flash Loans ⚡️ 🎓 Let’s take this opportunity to learn about Flash Loans, a feature that will eventually make its way to NAVI protocol. Flash Loans are an integral and unique feature of DeFi.

Did You Know - Yield Farming 🌽 Yield farming is one of the most appealing aspects of #DeFi. It allows users to reap rewards for providing liquidity to various lending or DEX protocols. 🧩 You can fit the DeFi puzzle pieces together to optimize your earnings. For instance, 1️⃣ You can supply USDT to #NAVI and start getting APY from the protocol. 2️⃣ You can then use that #USDT as collateral to borrow #USDC + SUI to provide liquidity to a DEX like @Turbos_finance or @CetusProtocol for even higher yields. 🚦 Get started now on app.naviprotocol.io 🗒 For more DeFi Yield Farming strategies leveraging wETH, please refer to the articles below 👇 Cetus: bit.ly/3tDe2z2 Turbos: bit.ly/3Edwm40

🎃 Halloween Meme Contest - $200 USDT prize pool #Giveaway! 🕷 It’s spooky season on NAVI’s timeline! 🕷 🎃 Get creative with your memes for a chance to win one of thes scary awesome prizes: 🧛 1st - $75 USDT 👻 2nd - $50 USDT 🦇 3rd - $25 USDT Another 10 participants will receive $5 each, lots of winners! The Rules are simple as 1-2-3: 1️⃣ Follow NAVI on Twitter 2️⃣ Like and Retweet this post 3️⃣ Comment or Quote with your original NAVI Halloween meme The team will select the most original, fun, and engaging memes from the bunch. 📅 The contest will run until next Monday, 6 NOV 🔚 Get started right away. Share it with your friends and let’s get this timeline super scary

1/ NAVI Q3 2023 Milestone Recap The NAVI protocol has come a long way since it launched on the @SuiNetwork Mainnet on Jul 27. We are delighted to present you with this detailed report on our milestones: 📜 bit.ly/3rTPvFx For a TLDR, keep scrolling👇

1/10 Learn DeFi With NAVI - Onboarding on Sui DeFi DeFi can be somewhat complex, especially when trying to juggle different ecosystems. But fret not, this guide will get you from A to Z on how to onboard to the Sui ecosystem and start using NAVI as a liquidity protocol. 👇

NAVI Deep Dives - Sui’s zkLogin 🙇 DeFi is still experiencing high amounts of friction in onboarding less experienced blockchain users to the space. 💧 @SuiFoundation is trying to remedy this issue with their zkLogin primitive. Let’s learn more about this feature and how it superpowers user onboarding on sui dApps like #NAVI. 👇 🔑 zkLogin is a Sui feature that allows users to sign into their dApps in a simplified manner. It now supports a number of OpenID OAuth providers including Google, Twitch, and Facebook, and allows users to log in to their Sui wallet using familiar credentials. 🫥 With zkLogin, developers can choose to use invisible wallets, abstracting the interaction with the blockchain from the end user for a more streamlined experience: 🎯 The feature has multiple goals: 🔹 Simple Onboarding by eliminating the friction of handling cryptographic keys. Blockchain experience becomes as familiar as logging into Google or Facebook. 🔹 Self-Custody where only the user can interact with their assets. 🔹 Highly secure thanks to a two-factor authentication scheme. 🔹 Enhanced privacy, as zk-proofs prevent third parties from linking a Sui address with its corresponding OAuth identifier. 🔹 Optional Verified Identity where users can opt into verifying their OAuth identifier and link it to their Sui address. 🧑‍💻 And on our side, the team is extremely excited to bring all of these neat benefits by integrating zkLogin to NAVI in the near future!