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