I recently stumbled on an insane DeFi opportunity using Navi Protocol on Sui Network that’s earning me over 400% APY.

Here’s how it works:

Navi Protocol offers lending and borrowing for various tokens on Sui Network. Right now, you can borrow WAL (the native token of Walrus, a decentralized storage project) at 53% APR or lend it for an even higher 69% APR.

Here’s what I did:

I borrowed 300 WAL at 53% APR, swapped half of it for SUI, and deposited both into a liquidity pool on Cetus. The result? A combined APY of over 400%.

Why this works:

If WAL drops in price (which I think could happen short-term since the project is still early), I’ll end up with more WAL when I withdraw from the pool—enough to repay my loan and keep extra profit.

However, if you’re bullish on WAL, you could just lend it for 69% APR instead.

Watch my video below for the full details and let me know what you think—would you try this strategy?