The cooperation between NAVI Protocol and Ondo Finance means that the influence of the Sui network in the DeFi field is further expanding. NAVI Protocol, as a lending and liquid staking protocol within the Sui ecosystem, has become the official lending partner of Ondo Finance. This alliance is expected to accelerate the growth of NAVI Protocol in institutional-level DeFi applications.

The yield-bearing government bond stablecoin USDY issued by Ondo Finance is now live on NAVI Protocol, providing users with the opportunity to earn from multiple sources, including the yield from USDY itself and the interest generated from lending. By borrowing against USDY as collateral, users can enhance the efficiency of their capital while maintaining the original yield of USDY. Additionally, users borrowing USDY on NAVI have the opportunity to bring this asset into the Sui DeFi ecosystem, leveraging the advantages of other platforms that support USDY.

NAVI Protocol's support for USDY also means a more convenient and secure access method for real-world asset (RWA) products within the Sui ecosystem, which not only provides users with more diversified earning opportunities but also lays the foundation for integrating RWAs into Sui DeFi and implementing advanced yield strategies.

This cooperation not only deepens the range of services within the Sui ecosystem but also reflects NAVI Protocol's efforts in advancing DeFi innovation and providing a diverse array of financial products. Through such collaborations, NAVI Protocol and Ondo Finance jointly bring new financial tools and opportunities to the users and developers of the Sui network, further consolidating Sui's position as a leading DeFi blockchain platform.