I will focus some airdrop on Sui Ecosystem. Because the projects are new and some of them have a good TVLs. I like Sui ecosystem and so I think the airdrops would be satisfied by the users.Please read the article carefully and complete the steps after you read the informations about Navi Protocol. If you don't like the Navi Protocol please keep away from the risk. Becauze Navi Protocol is a lend/borrow liquidity protocol on Sui. Liquidity protocols have some risks and should be followed carefully and the risk (health factor) shoud be kept in control.

What is NAVI PROTOCOL?
NAVI Protocol is the first Native One-Stop Liquidity Protocol on Sui. It enables users to participate as liquidity providers or borrowers within the Sui Ecosystem. Liquidity providers supply assets to the market, earning passive income through yields, while borrowers have the flexibility to obtain loans for different assets. With its focus on providing essential DeFi infrastructure, Navi aims to be a key player in the rapidly evolving world of DeFi in the Sui Ecosystem.


The protocol's innovative features, such as Automatic Leverage Vaults and Isolation Mode, enable users to leverage their assets and access novel trading opportunities with minimized risks. NAVI's design provides support for digital assets at different risk levels, while its advanced security features ensure the protection of user funds and the mitigation of systemic risks.
Navi has a governance system that allows Navi token holders to vote on proposals and changes to the protocol. This includes setting interest rates, adding new assets to the protocol, and changing the collateralization ratio.

NAVI token

Tokenomics

The shared native token serves as both a utility and governance token within the Navi Protocol ecosystem. Token holders can use the token to access various benefits such as fee discounts, staking rewards, and voting rights.

Utility & Governance

Staking: Users can stake the native token to receive rewards in the form of trading fees from the perpetuals exchange and interest income from the lending platform. The rewards distribution is proportional to the amount of native tokens staked, incentivizing long-term commitment to the ecosystem.
Governance: Token holders can participate in the governance of the Navi Protocol by voting on proposals and updates. The governance process is decentralized, ensuring that the platform's development and future direction are driven by its users.
Fee Collection and Distribution: The Navi Protocol collects fees from both the perpetuals exchange and the borrowing and lending platform. A portion of these fees is allocated to stakers, while the remaining fees are distributed to the platform's treasury and other purposes as defined by the platform's design.

Token Staking, Locking & Gauges, and Fee Discounts

Single-sided staking of the token allows users to receive emissions coming from protocol fees (borrowing and trading), as well as take part in the decision-making of how emissions are directed across the protocol
Borrowing and Lending
The Navi Protocol introduces the concept of vote-escrowed tokens (veNAVI) to enhance the emission allocation mechanism. When users stake their native tokens, they receive veNAVI tokens that grant them voting power to determine the emission distribution for various assets in the liquidity pools. The amount of veNAVI received is proportional to the amount of NAVI tokens locked, as well as the duration of the time period for which those tokens are locked.
These veNAVI tokens can be used to vote on "gauges," which are essentially smart contracts that manage the emission rates for each liquidity pool or asset. When users cast their votes using veNAVI tokens on a specific gauge, they influence the allocation of token emissions to that asset or pool. The more veNAVI tokens a gauge has, the higher the emission rate for that particular asset.
This vote-escrowed token mechanism allows users to express their preference for certain assets or liquidity pools while also being rewarded with token emissions for staking their native tokens. The system encourages users to provide liquidity for in-demand assets and ensures fair rewards distribution.
As more users stake the native token and vote for a specific asset or pool using their veNAVI tokens, the emission rate for that particular asset increases. This creates a dynamic system where LPs of popular or in-demand assets receive higher rewards in the form of native tokens, encouraging more users to provide liquidity for those assets.
If you still have any questions or issues, feel free to reach the Navi team over the live chat within the app or in the discord or telegram channel

Roadmap

[COMPLETE] Phase 1 (Q2 & Q3 2023)

Launch of liquidity protocol initially supporting SUI, USDT, USDC, wrapped ETH, and wrapped BTC.

Phase 2 (Q4 2023)

• Optimize SUI, USDT, USDC, wrapped ETH, and wrapped BTC liquidity pool and achieve stable utilization rate of the token.
• Integration with Sui Foundation's Deepbook to utilize deep liquidity and provide users an optimal trading experience.

Phase 3 (2024 Q1 & Q2)

• DAO setup and governance functionality are available.
• Staking available for NAVI tokens into liquidity protocol.
• NAVI Token Launch

The team behind Navi Protocol is a seasoned team of founders and builders from the blockchain development space with many collective years of experience building and running protocols across DeFi and Web3 infrastructure.

Step by Step Guide For Airdrop

1. Visit the NAVI Protocol website.
2. Connect your Sui wallet.
3. You will need some SUI and/or other tokens.
4. Supply the tokens.
5. If you want borrow some tokens. (more points you can get)

Users who do lending and borrowing on the platform may become eligible for the airdrop when the token goes live.
Portal bridge powered by Wormhole can be used to transfer assets to and from Sui. By doing so, you could also potentially qualify for the Wormhole airdrop.

IT IS HIGHLY RECOMENDED BUT THIS IS NOT AN FINANCIAL OR INVESTMENT ADVICE. PLEASE DO YOUR OWN RESEARCH BEFORE PARTICIPATION.

LEND/BORROW HAVE SOME RISK OF LIQUADATION
PLEASE BE CAREFULL AND AVOID FROM THE RISK IF YOU DON'T HAVE INFORMATION ABOUT LEND/BORROW

BY THE WAY YOU CAN KEEP THE RISK IN CONTROL.

You can kindly connect me on comment section if you want any support about airdrops. You can also request a new topics to text on BULB. I would like to explain Airdrops you want.

Thank you for reading.
Lets meet on the comment section.
Best wishes.