Navi is a liquidity protocol users can use to borrow or assets on Sui.

Navi prides itself on being highly liquid, in that you can enter and exit positions quite rapidly, and cheaply.

At the time of writing, over 820,000 people are using Navi, with a TVL (Total Value Locked) of around $165 million.

Each new asset added on Sui needs to be manually approved by Navi governance, making it relatively secure.

I used the word 'relatively' because nothing in crypto is 100 percent secure, imo.

Navi does have its own token, called NAVI Protocol (NAVX), currently valued at $0.0581 per coin.

The circulating supply is 167 million NAVX, around 16 percent of the total supply of one billion.

It has a low market cap, 'just' $9.7 million.

I do NOT own any NAVX at the time of writing the article.