NAVI Protocol Expands xBTC Incentive to SUI and USDC Lenders

NAVI Protocol has expanded its xBTC incentive to SUI and USDC lenders. The incentive, launched in partnership with OKX, now allows users to provide xBTC through OKX Earn and borrow SUI or USDC on NAVI. This expanded incentive program aims to encourage participation in the xBTC liquidity pool on the Sui network.

NAVI Protocol has recently expanded its xBTC incentive program to include SUI and USDC lenders, marking a significant move to boost liquidity in the xBTC pool on the Sui network. This initiative, launched in partnership with OKX, allows users to provide xBTC through OKX Earn and borrow either SUI or USDC on NAVI. The new incentive program aims to encourage participation in the xBTC liquidity pool, thereby enhancing the overall ecosystem's liquidity and efficiency.

The xBTC token, a cross-chain liquid Bitcoin token backed 1:1 by BTC, has gained traction in the DeFi space, with protocols like Echo Protocol leveraging it to unlock yield opportunities for Bitcoin holders. The expansion of NAVI's incentive program to include SUI and USDC lenders is a strategic move to capitalize on the growing interest in these tokens and their respective networks.

SUI, the native token of the Sui blockchain, has seen significant growth in recent months, with its price rallying following Lion Group Holding Ltd.'s announcement of a $600 million crypto treasury strategy that includes acquiring SUI tokens [2]. The Sui network has also emerged as a strong competitor to Solana (SOL) in the Layer-1 blockchain space, with remarkable developer growth and a token outperforming the broader crypto market.

The partnership with OKX, a leading cryptocurrency exchange, further underscores NAVI's commitment to expanding its ecosystem and integrating with major players in the industry. OKX Earn, a platform that offers users the opportunity to earn passive income through staking and lending, is well-positioned to facilitate the new incentive program.

The expanded xBTC incentive program is expected to drive increased liquidity and participation in the NAVI ecosystem, ultimately benefiting both lenders and borrowers. As the DeFi landscape continues to evolve, such strategic moves by NAVI Protocol demonstrate a commitment to innovation and growth.

References:
[1] https://dailyhodl.com/2025/07/02/no-1-defi-protocol-on-aptos-echo-launches-token-generation-event/
[2] https://finance.yahoo.com/news/sui-reclaims-3-week-long-183126548.html