According to BlockBeats, on October 11, Sui Ecosystem’s one-stop liquidity protocol NAVI Protocol announced the launch of a migration function that uses DeepBook technology to enable users to automatically migrate loan/borrowing positions from wUSDC to USDC, and encapsulate existing USDC locally with minimal slippage, and benefit from the increased yield of new LPs. This function sets everything to run automatically, so users don’t have to look around the ecosystem for the best way to migrate.
This migration will improve the asset utility and security of the Sui ecosystem, benefiting every USDC holder on Sui, as well as the entire DeFi ecosystem of the SUI network.
