NAVI Protocol Launches Migration From wUSDC To USDC On Sui Network

A decentralized finance (DeFi) platform, alongside a liquidity protocol native to the Sui network , NAVI has rolled out a simplified migration process for users to switch from wrapped USDC to the original version on Sui.

The protocol now boasts a variety of features, including the establishment of a new liquidity pool for native USDC, allowing users to both deposit and borrow against USDC while phasing out wrapped USDC (wUSDC).

NAVI has also launched an Autopilot migration process, streamlining the conversion of wUSDC to native USDC right within the NAVI application. When users opt for the wUSDC pool, they’ll be alerted about the migration and provided with the choice to convert their wUSDC to USDC. This ensures that users remain informed about the migration as they engage with the pool.

When users either deposit or withdraw wUSDC, they will see an option to convert to USDC with just a click. Their account overview will highlight wUSDC balances with a convenient conversion button. Should wUSDC be utilized as collateral, NAVI will offer an easy one-click flash loan feature to facilitate position conversion.

NAVI to Utilize DeepBook for Streamlined One-Click Conversions

To enhance the migration experience for users, NAVI has introduced a one-click conversion process in tandem with DeepBook integration. Furthermore, NAVI is offering competitive swap rates, minimal fees, and quick execution speeds, easing the transition from wUSDC to the native USDC.

The migration feature leverages DeepBook’s advanced Central Limit Order Book (CLOB) technology, ensuring low slippage and cost efficiency by assessing various trading pairs for optimized transaction performance. It also provides a user-centric experience, making conversions straightforward. Additionally, protective measures are integrated into the system to shield users from negative trading scenarios. If slippage exceeds set limits, transactions will be suspended to safeguard assets.

Moreover, the DeepBook aggregator will continuously monitor liquidity available on decentralized exchanges. This real-time rate and routing optimization will help users execute their wUSDC transitions efficiently.

NAVI stands out as the pioneering liquidity protocol designed for the Sui network, aiming to set foundational benchmarks for other blockchains that utilize the Move programming language. This latest initiative coincides with the introduction of Circle’s native USDC asset, aligning with recent developments. integration Please remember, the information available on this page should not be taken as legal, tax, investment, financial, or any other advice. It is essential to only invest what you can afford to lose and seek independent financial consulting if necessary. For additional details, we recommend reviewing the terms and conditions along with the help and support resources provided by the issuer or promoter. MetaversePost is dedicated to delivering accurate and impartial reporting; however, market dynamics can change without warning. launch of USDC on the Sui network.