ChainCatcher news, Sui has announced a partnership with Babylon and Lombard to provide on-chain LBTC minting services for users. Sui lending protocol NAVI has also expressed plans to collaborate with Lombard and support LBTC on this protocol.

The SUI ecosystem's NAVI Protocol has launched a migration feature, using DeepBook technology to seamlessly migrate loan/borrowing positions from wUSDC to USDC, benefiting from the increased LP yield, enhancing asset utility and security, and benefiting every USDC holder and the entire SUI network.

On August 2nd, Sui's one-stop Liquidity protocol NAVI Protocol announced the launch of the DApp 'NAVI Pro' supported by Mysticeti and the new Consensus Algorithm. After one month of internal testing, new features include: improved user interface, simplified Liquidity management, user levels, various ecological quality improvements, and access to advanced DeFi strategies.

Sui TVL exceeded 1.1 billion US dollars, with NAVI Protocol, Scallop Lend and Suilend ranking top three in terms of ecosystem TVL, with 418.27 million US dollars, 220.17 million US dollars, and 192.74 million US dollars respectively.

Odaily Planet News Sui ecological lending protocol NAVI Protocol announced the launch of NAVI Pro, which will be gradually opened to users at different levels and Allowlist users. The first batch of BCD, platinum, and Allowlist users will be available on July 10th, and the public beta will be opened on July 31st.