What Is Sudeng (HIPPO)?

Core Idea: Sudeng (HIPPO) is a memecoin created to honor Su Deng (Moo Deng), the world’s cutest pygmy hippo from Thailand’s Khao Kheow Open Zoo.

Network: SUI (a high-performance Layer-1 blockchain).

Unique Aspect: Under new community management, the project aims to create social impact by donating a portion of profits (reported as around 30%) to

wildlife conservation causes, beginning with Khao Kheow Open Zoo.

Team and Founders

• Anonymous Developers: Like many memecoins, Sudeng (HIPPO) was launched by anonymous developers whose identities have not been disclosed.
• New Management: Following a community takeover, the project is now managed collectively by community members rather than a centralized team.
• Transparency: While anonymity is common in the memecoin space, it remains an important factor to consider for long-term sustainability and trust.

Investors and Partnerships

• Traditional Investment: Sudeng (HIPPO) has no backing from major venture capital firms or institutional investors. Growth relies primarily on community support and market participation.
• Charitable Partnership: Its most notable collaboration is with the Khao Kheow Open Zoo, where a portion of profits is directed to wildlife care and protection.
• Exchange Partnerships: The token’s availability on multiple major exchanges—such as Gate, KuCoin, HTX, Bitget, and SUI-based DEXs like Cetus—provides liquidity and accessibility.

Project Concept

Sudeng (HIPPO) combines meme culture, community engagement, and philanthropy inspired by Moo Deng’s global charm. With the slogan “No cats, no dogs, only hippo!”, the project directs part of its revenue to animal sanctuaries, clean water projects, and orphanage support. SUI’s low-fee, high-speed blockchain enables scalability and viral expansion.

Concept: To merge internet virality with social purpose, centered around Moo Deng—the internet’s most beloved baby hippo.
Goal: To create a humorous yet meaningful digital asset that contributes to real-world wildlife protection initiatives.

How the Project Works

1. SUI Blockchain: HIPPO operates on SUI, a high-performance Layer-1 blockchain offering sub-second finality and low transaction fees. Its Narwhal-Bullshark consensus ensures scalability, allowing smooth trading even under heavy load.
2. Token Functionality: HIPPO is a simple fungible token built on SUI, designed for fast, cost-efficient transactions.
3. Community Growth: The project’s visibility depends on social media virality, primarily through Twitter (X), Telegram, and Discord.
4. Charity Mechanism: Although the exact model isn’t fully detailed, the project allocates part of trading or treasury proceeds to charitable donations on a recurring basis.

Governance

Model: Sudeng (HIPPO) follows a community-driven model. Decisions—such as donation allocations, marketing initiatives, or future integrations—are expected to be discussed and voted on by token holders.

Current Stage: Like most new memecoins, an official on-chain DAO governance system is not yet implemented. Decisions are currently led by active community members.

Roadmap

While memecoins often prioritize community and virality over technical milestones, Sudeng (HIPPO)’s roadmap includes:

• Launch & Virality: Token creation, liquidity setup, and initial viral growth (completed).
• Growth & CEX Listings: Expansion through major centralized exchange listings (achieved).
• Charity & Ecosystem Expansion: Execution of donation programs, NFT and staking feature development.
• SUI Integration: Building collaborations within the broader SUI ecosystem.

For official updates, users should follow the project’s website and social media channels (especially Twitter/X).

Token Utility

Despite being a memecoin, HIPPO introduces several practical utilities:

• Speculation & Value Transfer: Acts as a tradable digital asset.

• Community Governance: Potential for use in future voting mechanisms.

• Charitable Support: Encourages holders to indirectly support wildlife conservation through community participation.

• Ecosystem Participation: Possible future roles in NFT mints, staking, and dApp integrations.

Token Information

• Total Supply: 10 Billion HIPPO

• Max Supply: 10 Billion HIPPO

• Circulating Supply: 10 Billion HIPPO

• 24h Volume/Market Cap: 20.65%

Token Distribution

As with most memecoins, the distribution is simple and transparent:

• Community/Public Allocation: Majority of tokens were released to the public at launch.

• Liquidity Pool: A portion reserved for DEX liquidity.

• Treasury/Charity: Funds allocated for marketing, donations, and ecosystem growth.

No vesting or lock-up mechanisms have been announced, meaning most tokens are freely circulating.

Ecosystem

HIPPO’s ecosystem is built on the SUI blockchain:

• SUI Network: Provides the foundation for fast, inexpensive transactions.

• DEX Platforms: Trading primarily on Cetus and other SUI-native decentralized exchanges.

• Community Hubs: Twitter (X) and Telegram serve as main communication and engagement channels.

• Charity Links: Khao Kheow Open Zoo and future wildlife initiatives anchor the project’s real-world impact.

Key Features

• SUI-Based Infrastructure: Scalable, efficient, and eco-friendly Layer-1 foundation.

• Meme Culture Integration: High viral potential with strong community engagement.

• Charitable Mission: A portion of profits donated to wildlife protection.

• Community-Driven Ecosystem: Partnerships with AVA Studio enable AI-powered creative content and reward systems.

• High Liquidity: Listed on multiple top-tier centralized and decentralized exchanges.

Important Note

Sudeng (HIPPO) is a memecoin—its value depends largely on social sentiment and viral momentum rather than technical fundamentals.

Risks:

• High price volatility due to market sentiment.

• Anonymous founding team may pose long-term project risks.

This overview is for informational purposes only and does not constitute investment advice. Always conduct your own research before investing in cryptocurrencies.

Official Links

• Website
• Twitter
• Telegram

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Users who subscribed their BNB to Simple Earn (Flexible and/or Locked) and/or On-Chain Yields products from 17 October 2025, 00:00 – 19 October 2025, 23:59 UTC will receive MMT token rewards via HODLer Airdrops. HODLer Airdrops details will be available within 24 hours, and the new token will be distributed to users’ Spot Accounts at least 1 hour before trading starts.

Binance Listing Details:

• Listing Date & Time (UTC): 4 November 2025, 12:00 UTC

• Trading Pairs: USDT, USDC, BNB, TRY

• Seed Tag: Applied to MMT

• Deposit Start: 3 November 2025, 10:00 UTC

• Alpha Platform: MMT will be accessible on Binance Alpha; it will no longer be showcased after spot trading opens

What is Momentum (MMT)?

Momentum tracks wallet activities such as liquidity deposits, earned yields, swaps, and staking, converting Web3 activities into rewards. The protocol measures users’ liquidity and staking participation to distribute rewards, boosting DeFi ecosystem engagement. Momentum is flexible and developer-friendly, allowing both standard and customized integration circuits.

What is MMT Token?

$MMT is the governance and incentive token of the Momentum ecosystem. Liquidity providers and protocols earn tokens based on their contributions; it is also used for protocol and community governance.

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What is a DEX Aggregator?

There are many DEXs in the market (SuiSwap, Cetus), and prices can vary slightly between them.

Astros is a DEX Aggregator, meaning it searches across multiple DEXs to find the best price for your trade.

Think of Astros like a shopping assistant for crypto:

• If you want to buy $1,000 worth of BTC, Astros checks all available DEXs.

• It executes the trade where the price is lowest and fees are minimal.

• For large orders, it can even split the trade across 3 DEXs to reduce costs (Order Splitting).

Astros allows you to find the optimal swap rate without paying extra fees.

Key Details for Beginners

• Network: Sui

• Supported Tokens: SUI, NAVX, other Sui ecosystem tokens

• Platform Type: Decentralized Exchange (DEX) / Aggregator

• User Access: Web3 wallet or Google login

• Security: Audited and open-source smart contracts

How to Use Astros DEX: Step by Step

Since Astros is decentralized, you need a crypto wallet to manage funds.

1. Set Up a Wallet

Install a wallet compatible with Sui Network (e.g., Sui Wallet, Fewcha, Martian). Think of this as a digital bank account.

2. Fund Your Wallet

Send tokens (usually SUI) to your wallet to use for swaps.

3. Connect to Astros

Go to Astros.ag and click “Connect Wallet” in the top-right corner. Select your wallet and confirm the connection.

Step-by-Step Swap Process

1. Connect Wallet
   Use MetaMask or a Sui-compatible Web3 wallet.  Click here to register on Astros Exchange at a discounted rate.

2. Deposit Tokens
   Deposit SUI, NAVX, or USDC to start swapping. Transaction times on the Sui network are typically under 1 minute.

3. Start Swap

• Choose the token you want to sell (FROM) and the token you want to buy (TO).

• Enter the amount to swap.

• Confirm the estimated amount and transaction fee, then approve the trade.

4. Manage Orders
   Astros supports market and limit orders:

• Market Order: Executes immediately.

• Limit Order: Executes at a specified price.

Check your wallet to confirm token balances after the swap.

Fees and Liquidity

• Swap fees are generally low and based on network costs.

• Liquidity pools minimize price slippage.

• Astros ensures optimal pricing across all supported tokens.

Why Use Astros DEX?

• Zero Fees: Aggregator feature usually charges no trading fees.

• Best Price Guarantee: Scans multiple DEXs to find the best rate.

• Security: Funds remain in your wallet; no centralized custody.

• High Performance: Fast, low-latency transactions.

Highlighted Features

• High-Performance Trading: Optimized smart contracts for fast execution.

• Order Splitting: Large trades spread across pools for optimal price.

• Multi-Hop Trading: Reduces costs using multiple routes.

• Security & Reliability: Multi-layer security protocols.

• Free & Efficient: Minimal costs, zero aggregator fees.

• Scalable Performance: Handles high-volume trades smoothly.

FAQs

Q1: How do I deposit funds?
A1: Send SUI or supported tokens from your Web3 wallet.

Q2: How long do swaps take?
A2: Under 1 minute on Sui; 5–15 minutes on other EVM-compatible chains.

Q3: Which tokens are supported?
A3: SUI, NAVX, and other ecosystem tokens.

Q4: Are there fees?
A4: Low swap and network fees apply; shown before confirmation.

Q5: Is it safe?
A5: Yes, audited and open-source smart contracts ensure security.

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WALRUS Listing Details

• Trading Start: 2025-10-10 07:30 (UTC)
• Trading Pairs: USDT, USDC, BNB, FDUSD, TRY
• Deposit Start: 2025-10-10 03:00 (UTC)
• Seed Tag: Applied

WAL is currently available on Binance Alpha Market, but once spot trading opens, Alpha volume will no longer count toward Alpha Points.

Click here to register on Binance with a 20% trading fee discount!

WAL HODLer Airdrops

Users who subscribed BNB to Simple Earn or On-Chain Yields products from 2025-10-01 00:00 (UTC) to 2025-10-03 23:59 (UTC) will be eligible. Rewards are estimated to be distributed within 24 hours and credited to users’ Spot Accounts at least 1 hour before trading begins.

WAL Key Details

• Total Supply: 5,000,000,000 WAL
• HODLer Airdrops Rewards: 32,500,000 WAL
• Marketing Allocation Post-Listing: 99,487,179 WAL
• Circulating Supply at Listing: 1,478,958,333 WAL (~29.57%)

About Walrus (WAL)

Walrus (WAL) is the native token of the Walrus protocol. It supports anonymous DeFi transactions, staking, governance, and programmable data storage on the Sui blockchain. The protocol enables secure, decentralized, and privacy-preserving management of digital assets, NFT files, AI datasets, and more.

Key Features:

• Privacy-Focused Transactions: Anonymous and secure DeFi operations
• Programmable Storage: Customizable data management via Move smart contracts
• Cross-Chain Compatibility: Integrates with Ethereum, Solana, and other networks
• Staking & Governance: WAL holders can vote and earn rewards
• Data Durability: High-accessibility storage with low cost using RedStuff 2D algorithm

What is Walrus (WAL)? How Does It Work?

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Team and Founders 

The IKA team is led by founders Omer Sadika, David Lachmish, Yehonatan Cohen Scaly, and Sheran Hussain. The project evolved from the DWLT token model previously developed by dWallet Labs. Strategic governance support is provided through a partnership with Odsy Foundation (now IKA Foundation). 

Project Concept and How It Works 

Ika’s primary goal is to resolve fragmentation in the blockchain ecosystem and enable secure, efficient asset transfers across chains. It achieves this through two main technologies: 

• 2PC-MPC Protocol: The backbone of Ika’s cryptographic framework, requiring participation from both the user and a decentralized network for each signature operation. This ensures that the private key is never reconstructed on a single side, and even network participants cannot independently control user assets. 
• dWallet Technology: Digital wallets that control accounts across chains like Bitcoin, Ethereum, and Solana. Unlike traditional wallets, dWallets can execute complex conditional spending or multi-party approvals via smart contracts, allowing programmable logic across different blockchains. 

Investors and Partners 

Ika has raised over $21 million from leading investors such as the Sui Foundation and DCG, securing strong support within the industry. 

Governance 

IKA token holders participate in decentralized governance, making decisions on protocol upgrades, economic parameters, and network changes. 

Roadmap 

• Q1 2024: Testnet launch 
• Q1 2025: Mainnet launch (including MEXC listing) 
• Q2 2025: 600 million IKA community airdrop 
• Next Phase: Additional chain support (beyond BTC, ETH, SOL), developer tools, API integration 

Token Use Cases 

IKA token serves three main functions as the network’s native utility token: 

• Staking for Network Security: Validators stake IKA tokens to participate in MPC operations. 
• Transaction Fee Payments: Used to pay for dWallet creation, signature operations, and other network activities. 
• Decentralized Governance: Token holders vote on decisions affecting the protocol’s future. 

Token Information and Distribution 

• Total Supply: 10 billion (10,000,000,000) IKA 
• Circulating Supply: 3B IKA 
• Distribution: Over 60% allocated to ecosystem participants, emphasizing community ownership. 

Token Distribution Breakdown: 

• Community Reserve (46%): Future distributions, sales, R&D, events, treasury 
• Early Supporters (16.75%): Private sale, vesting schedule 
• Core Contributors (23%): Team, engineering, infrastructure, operations 
• Ecosystem Incentives (8.25%): Grants, liquidity, incentives, hackathons, foundation initiatives 
• Airdrop (6%): Community distribution at launch 

Ecosystem and Use Cases

Ika’s technology has potential applications across multiple sectors: 

• DeFi: Liquidity management and automated trading strategies 
• Enterprise Custody Solutions: Programmable custody for companies 
• Gaming & NFT Ecosystems: Cross-platform asset management and programmable ownership 
• DAO Treasury Management: Transparent, programmable governance over multi-chain treasuries 
• dWallets: Multi-chain digital wallet infrastructure 

Features 

• Zero Trust Architecture: Eliminates the need to trust network participants for asset control 
• High Performance: DAG-based Mystique consensus handles over 10,000 signature operations per second 
• Native Cross-Chain Interoperability: Direct control of assets across chains without bridges or wrapped tokens 
• Programmability: dWallets allow complex logic across multiple blockchain networks while preserving cryptographic security 

Official Links 

• Website
• Twitter
• Telegram
• Discord

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The project’s vision is to ensure that the value created by players truly belongs to them, can be transferred safely, and forms a globally scalable player-driven economy. 

Founders and Team 

OVERTAKE was founded by former executives of pioneering platforms in gaming asset trading such as ItemBay and ItemMania, along with veterans with long-standing experience in the sector. 

Seunghwan (SH) – CEO: Former data scientist and consultant at BCG. Worked on AI-based marketing and product optimization. At OVERTAKE, he oversees strategy, growth, and system design. 

Alison – CBO (Chief Business Officer): Background in KakaoPay and Accenture. Involved in crypto since 2017, focusing on business development and partnerships. At OVERTAKE, she leads go-to-market strategy, partnerships, and token strategy. 

Dogeun – CPO (Chief Product Officer): Former BCG consultant and serial entrepreneur. Responsible for product architecture and user-centric innovation at OVERTAKE. 

KB – Head of BD: Former President of PlayerAuctions and ItemBay executive. Manages user acquisition and strategic partnerships at OVERTAKE. 

Investors and Partnerships 

OVERTAKE collaborates with investors experienced in gaming asset trading and strategic partners from the Web3 ecosystem. 

Investors: Early-stage Web3 and gaming industry investors (details to be disclosed). 

Partners: MetaEdition (developer of Somnis: Rumble Rush), Immutable, and Web3 infrastructure providers. 

Project Idea 

Today, the $55B gaming asset trading market runs on fragmented, unsafe, and costly platforms. Players generate value but cannot securely own it. 

OVERTAKE addresses this problem with a three-stage roadmap: 

ACT I – Smart Contract Escrow
Blockchain-based escrow system with a 2/3 multisig model ensuring security in P2P trading. 

ACT II – Direct Game Integration
Connecting directly with game publishers to tokenize in-game assets in a verifiable way. 

ACT III – Embedded Infrastructure (IaaS)
APIs and SDKs for developers to integrate embedded trading infrastructure into their games. 

How OVERTAKE Works 

• Player-to-player asset trading secured by smart contract escrow. 
• Transactions validated on-chain and coordinated off-chain. 
• AI-powered fraud prevention and pricing mechanisms. 
• Future development includes direct on-chain asset validation via NFTs or dynamic NFTs. 

Stakeholders 

The OVERTAKE ecosystem is designed for trading digital game assets such as currencies, items, and accounts. It creates a transparent value exchange, secures asset ownership, and fosters economic participation. 

With blockchain-based escrow and programmable infrastructure, inefficiencies in Web2 marketplaces are eliminated, ensuring secure and fast trading. The ecosystem builds a multi-sided economic model where every stakeholder contributes and earns rewards. 

Key Stakeholders: 

• Buyers: Individuals purchasing digital assets, rewarded by frequency and value of transactions. 
• Sellers: Players, pro-sellers, or studios listing assets, incentivized by product listings, transaction completions, and seller ratings. 
• Evangelists: Content creators, influencers, and community leaders rewarded for user acquisition, conversion, and social engagement. 
• Developers & Publishers: Studios integrating games with OVERTAKE, earning a share of trading fees. 
• TAKE Foundation: Governing body overseeing treasury, rewards, and token emission to ensure sustainability. 
• This structure links user behavior directly to token demand, creating a self-sustaining digital economy. 

Governance 

• The native token $TAKE powers governance, rewards, and incentives within the OVERTAKE ecosystem. 
• Token holders can: 
• Vote on platform upgrades and protocol parameters. 
• Earn rewards from staking and platform revenue sharing. 
• Access exclusive listings and discounted trading fees. 

$TAKE Token Utility 

• Staking: Rewards and revenue sharing. 
• Transaction Fees: Discounts for payments with $TAKE. 
• Trust & Reputation: Sellers gain reputation by staking. 
• Exclusive Access: Token lockups for premium listings. 
• Governance: Voting rights on protocol decisions. 

Token Information 

• Name: OVERTAKE 
• Symbol: $TAKE 
• Total Supply: 1,000,000,000 
• Initial Circulating Supply at TGE: 131,250,000 $TAKE 
• Emission: Community-focused distribution over 5 years 

Token Allocation 

• Community Rewards: 30% 
• Ecosystem Operations & Liquidity: 17.5% 
• Airdrop (OVERTAKE + Kaito): 7.5% 
• Exchanges: 6% 
• Marketing & Partnerships: 8% 
• Investors: 15% 
• Team: 16% 

Vesting

Ecosystem and Features 

• Built on the Sui blockchain 
• Secure P2P trading (Escrow + multisig) 
• AI-powered pricing & fraud prevention 
• Verified game asset trading via direct integration 
• SDK & API support for developers 
• $TAKE token for staking, governance, rewards, and incentives 

Roadmap 

2025 Q1 – Token Launch
Investor & partnership announcements, tokenomics release, TGE launch. 

2025 Q2 – Foundations
P2P marketplace MVP, early staking & governance, crypto payment integrations. 

2025 Q3 – Platform Expansion
Web2 game integration, account linking, advanced staking & reward tiers. 

2025 Q4 – Community Governance
NFT & digital collectible trading, AAA & indie integrations, expanded governance. 

Official Links 

• Website
• Twitter
• Discord

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A Strategic Entry into the Sui Ecosystem

As part of this investment round, Mill City Ventures acquired 83,025,830 shares of common stock (or equivalents) at a price of $5.42 per share. The total gross proceeds amount to approximately $450 million, excluding placement agent fees and other associated offering costs.

The investment was led by Karatage Opportunities, a London-based hedge fund focused on digital assets and emerging technologies, alongside the Sui Foundation, an independent entity dedicated to advancing the Sui network. Both organizations have played key roles as early backers of the Sui ecosystem.

Major Industry Players Join the Round

The round also attracted participation from notable firms such as Galaxy Digital (Nasdaq: GLXY), Pantera Capital, Electric Capital, GSR, FalconX, and Paper Ventures — all recognized names in the digital asset industry. Galaxy Asset Management will act as the designated asset manager for this initiative.

Treasury Strategy Focused on SUI

Approximately 98% of the net proceeds from the investment will be used to acquire SUI tokens, the native cryptocurrency of the Sui blockchain. The remaining 2% will support Mill City Ventures’s short-term lending operations. With this move, SUI becomes the company’s primary treasury reserve asset.

Sui’s Vision: Scalability, Speed, and Security

Stephen Mackintosh, a partner at Karatage, highlighted the intersection of blockchain infrastructure and AI as a space full of opportunity. He emphasized that Sui’s secure and scalable architecture makes it an ideal platform for institutional-level crypto integration and AI-based applications.

Christian Thompson from the Sui Foundation added that the network is specifically built to support real-world crypto use cases — from stablecoins and gaming to decentralized finance and AI — offering both speed and reliability.

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XOCIETY is a Web3-based virtual universe that combines digital identity, social interaction, and gamification. Built on the Sui Network, the project offers high scalability and low transaction fees. 

Users can earn $XO tokens by playing games, completing tasks, or contributing to the community. These tokens can be used to purchase NFTs, participate in governance, or engage in various DeFi tools. 

What is the Use of the XO Token? 

The $XO token has various use cases within the XOCIETY universe: 

• Game Rewards: Players earn tokens through missions, challenges, and achievements. 
• Governance (DAO): XO holders have voting rights in community decisions. 
• NFT Transactions: Used as a payment method in the internal NFT marketplace. 
• Liquidity Provision: Used for staking and farming in DeFi integrations. 
• Incentive Mechanism: Rewards for early adopters and contributors. 

XO Token Distribution (Tokenomics)

Total Supply: 5,000,000,000 $XO 

• Airdrop (7.5%): For early users, testers, and community incentives. 
• Ecosystem (20.5%): For growth, partnerships, and incentive campaigns. 
• Liquidity Campaigns (0.5%): Short-term rewards for user contributions. 
• Investors & Advisors (23.5%): Allocated to strategic partners and advisors. 
• Foundation Treasury (25%): For long-term sustainability and operations. 
• Core Contributors (15%): For the team actively developing the project. 
• Protocol Development (5%): Infrastructure, security, and updates. 
• Liquidity (3%): For exchange listings and trading pairs. 

Roadmap 

XOCIETY is set to evolve through a phased roadmap across 2024 and 2025: 

2024 Q3: 

• Mainnet launch 
• Initial NFT collections 
• Token distribution and game rewards 

2024 Q4: 

• Community governance initiation 
• Advanced gamification features 
• First DEX listings 

2025 Q1: 

• DeFi integrations (staking, farming, etc.)
• Mobile app beta release
• New game modules and social missions

2025 Q2: 

• Global partnerships 
• Launch of the main NFT marketplace 
• Transition to full-scale DAO governance 

Investors, Partners & Community 

Backed by strategic investors, an experienced development team, and a growing community, XOCIETY thrives on transparency and regular communication. 

The project has secured $7.5 million in a single seed round with backing from: 

• Hashed – Leading South Korea-based blockchain fund 
• Sui Foundation – Institutional support for the Sui Network 
• The Spartan Group – Crypto strategic investors 
• KRAFTON – The company behind PUBG 
• Other investors: Big Brain Holdings, Taisu Ventures, Mozaik Capital, LiquidX, A41, Neoclassic Capital 

XOCIETY’s Vision & Background 

Supported by top-tier investors like Hashed, Spartan, KRAFTON, and Sui, XOCIETY is positioned as the flagship gaming project on the Sui network. 

Set in a deep sci-fi universe, XOCIETY aims to redefine traditional gaming by offering players not just a game, but economic power and governance. 

Corporate Share System – Player Empowerment 

• With XOCIETY’s revolutionary “Corporate Share” system, players can: 
• Influence key game elements, from tournament modes to in-game assets 
• Participate in decision-making that shapes the virtual world 
• Earn economic rewards for their contributions 

Who Is Developing It? 

XOCIETY is being developed by a 36-member senior team with over 10 years of experience in AAA game studios like NCSOFT, Nexon, and KRAFTON/PUBG. This ensures both high-quality game design and innovative Web3 integration. 

XOCIETY Team 

At the core of XOCIETY is Team NDUS – a group of seasoned developers transitioning from Web2 to Web3, bringing expertise from mobile and desktop gaming startups to create a robust technical and game design foundation. 

Official Links and Social Media 

Web: xociety.io
Twitter: @xocietyofficial
YouTube: XOCIETY OFFICIAL
Discord

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Next-Gen Financial Infrastructure

Decentralized Finance (DeFi) has emerged as a transformative force in recent years. However, the user experience in DeFi can often be complex and limiting. This is where NAVI Protocol steps in. Promoted as a “Web3 bank for Web2 users,” the platform is designed to make DeFi more accessible to everyone.

How Does the Protocol Work?

NAVI Protocol operates through shared liquidity pools. Each supported asset has its own pool, where users can deposit funds and earn interest. Borrowers can draw from these pools by offering collateral.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Each borrower’s position is tracked via a “health factor.” When this metric drops below 1, the position is subject to liquidation. To ensure robust risk management, the platform uses isolation modes, debt ceilings, and oracle-backed pricing systems.

Key Features

NAVI Protocol offers a suite of features focused on enhancing capital efficiency and improving the user experience:

• Liquidity Provision: Earn passive income by supplying assets
• Borrowing: Receive crypto loans by providing collateral
• Flash Loans: Borrow without collateral, provided it’s repaid within one transaction
• NAVI Pro: Advanced tools designed for professional investors
• Volo: Staking and yield optimization system that maximizes asset efficiency

NAVX Tokenomics

NAVX is the governance token of the protocol. With it, users can:

• Participate in governance decisions
• Stake for rewards
• Provide liquidity in NAVX/SUI and NAVX/vSUI pairs to earn LP token incentives

Token Distribution:

• Total Supply: 1 Billion NAVX
• Ecosystem & Airdrops: 45.8%
• Team: 20%
• Investors & Advisors: 16%
• Treasury: 10%
• Liquidity Provision: 4%
• Marketing: 3%
• Public Sale: 1.2%

NAVI Protocol Investors

NAVI Protocol has gained trust not just through its technology, but also its strategic funding. The project raised a total of $2.03 million, aimed at scaling DeFi applications on the Sui blockchain.

The fundraising occurred in two major phases. In early 2024, the private funding round attracted key crypto funds like OKX Ventures, Hashed Fund, dao5, Mechanism Capital, Gate.io, and Arche Fund. This round brought in $2 million to support initial development.

Position in the Sui Ecosystem

NAVI Protocol holds the highest Total Value Locked (TVL) on the Sui blockchain, leading the DeFi sector with $381 million locked. In the BTCFi space, it has attracted over $60 million in staked BTC, reflecting strong user trust.

Its founders have backgrounds at major tech firms like Apple and LinkedIn. With robust infrastructure, a user-centric interface, and extensive security audits, NAVI Protocol aims to redefine the standards of decentralized finance.

Official Links

• Official Website
• Whitepaper
• X (Twitter)
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The new direction? Open-source development, stronger security, and a commitment to compensate users.

Vulnerability Patched, Open-Source Future Unveiled

On May 22, attackers took advantage of a flaw in Cetus‘ pricing mechanism, draining major liquidity pools. Fortunately, $162 million worth of stolen assets were frozen shortly after.

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In a June 7 statement, the team revealed that they’ve not only patched the vulnerability but are also transitioning to an open-source model. A new white hat bounty program is launching to crowdsource contributions to security and stability.

Liquidity Restored Through Multiple Channels

To resume operations, Cetus replenished its liquidity using $7 million in cash reserves, a $30 million USDC loan from the Sui Foundation, and partial recovery of the stolen funds. Recovery rates for affected pools range from 85% to 99%, depending on the drain severity.

As part of a user compensation strategy, 15% of CETUS token supply has been allocated. While 5% will be distributed immediately, the remaining 10% will unlock linearly over 12 months, starting June 10.

Legal Action Underway As Security Tightens

Though a $6 million white hat bounty was initially offered, the attacker has started laundering funds, prompting Cetus to pursue legal action across multiple jurisdictions. Law enforcement agencies are actively involved, and the team remains confident about asset recovery.

Security audits are being ramped up again as Cetus aims to win back user trust through transparency and resilience.

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