DeFi

Hong Kong, Hong Kong, February 8th, 2024, Chainwire
LBank Labs, a prominent player in the blockchain and cryptocurrency space, is excited to announce its investment in Navi Protocol, an inaugural Native One-Stop Liquidity Protocol on Sui, offering users opportunities as liquidity providers or borrowers within the Sui Ecosystem. LBank Labs joins other notable investors such as OKX Ventures, DAO5, and Hashed in Navi's recent $2M funding round.
Navi aims to be a fundamental player in the evolving DeFi landscape within the Sui Ecosystem by providing essential infrastructure. Innovative features like Automatic Leverage Vaults and Isolation Mode enable users to leverage assets and access trading opportunities with minimized risks. NAVI supports digital assets at various risk levels and prioritizes advanced security measures to safeguard user funds.
"We are proud to announce our investment in the Sui ecosystem through Navi Protocol" said Nathalie Yang, Principal at LBank Labs. "We are confident in Navi that it will play a crucial role in empowering the move ecosystem with accessible and secure solutions."
The $2M funding round marks a significant milestone for Navi Protocol, providing the project with the resources needed to accelerate development efforts and expand its reach within the DeFi community. With the support of LBank Labs and other leading investors, Navi is well-positioned to achieve its ambitious goals and deliver value to users across the globe.
For more information about Navi Protocol and its recent funding round, please visit<a href="https://naviprotocol.io/" rel="noopener noreferrer nofollow"> Navi Protocol</a>.
About LBank Labs
LBank Labs, a key player in web3, manages a $100 million fund across various protocols and exchanges. With a focus on sustainable growth and innovation through "The Other Angle" thesis, backed by experienced experts, LBank Labs is poised to drive web3 innovation globally with their extensive network.
ContactPR ManagerEddy WangLBank Exchangeeddy.wang@lbank.com
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

LBank Labs Announces Strategic Investment in Navi Protocol, Joining OKX Ventures, DAO5, and Hashed in $2M Funding Round

Crypto Daily™

2024년 2월 8일에 게재된 다른 기사

Kraken Expands in Europe with Dutch Central Bank Registration

Bearish Analyst Continues to Predict Il Capo Rise: "BTC Will Finally Reach This Level, Altcoins W...

Craig Wright admits forging key documents to claim Satoshi Nakamoto identity

Ripple’s Defender Bill Morgan Takes on SEC, Explains ODL Transactions

Bitcoin halving 2024: Of accumulations and sell-offs

Harga BTC Diprediksi Membentuk ATH Baru di Q4 Tahun Ini, Ini Faktor Pendukungnya

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!