NAVI Protocol

NAVI Protocol is a leading decentralized liquidity protocol bringing efficient lending and borrowing infrastructure to the HyperEVM ecosystem, modeled after battle-tested money market designs like Aave v3. NAVI enables permissionless money markets where users can supply assets to earn yield and borrow against their collateral with transparent, algorithmically determined interest rates. The protocol supports a broad range of assets including HYPE the native Hyperliquid token, stablecoins USDC and USDT, ETH, and bridged tokens from Ethereum and other chains.

Lending and borrowing protocols are essential infrastructure on Hyperliquid, unlocking capital efficiency by allowing users to borrow against staked assets and perp positions. NAVI Protocol contributes to this category where protocols enable recursive yield strategies — stake HYPE, deposit LSTs as collateral, borrow stablecoins, and redeploy. The unified state between HyperCore and HyperEVM makes Hyperliquid lending uniquely capital-efficient.