Jun 27 07:00 UTC - Aug 27 07:00 UTC
xBTC OKX Borrow Campaign
Live
More than $700,000 to the borrowers who supplied xBTC on NAVI
Campaign 1
Borrow USDC or SUI — Exclusively for xBTC suppliers. Unlimited Borrow Fee Rebate during Campaign
Campaign 2
Borrow smarter with xBTC. Supply xBTC now and unlock full APR subsidies on USDC and SUI with More than $700,000 in rewards are up for grabs.
xBTC OKX Borrow Campaign
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xBTC Supply APR
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Event ends in
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Borrow USDC
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Borrow SUI
Your Dashboard
Your xBTC Supply
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Borrow Fee Bonus Earned-
Borrow Interest Bonus Earned-
Claimable NAVX Bonus-
Rules
Campaign 1
Only users who supply xBTC on OKX DeFi Earn or NAVI are eligible for the Borrow Fee Rebate. and no limit $NAVX tokens rewards will be allocated to borrowing USDC or SUI.
The Borrow Fee Rebate will be calculated based on xBTC’s share of the total supply when a borrow position is opened. For example:
  • Let's say a user supplies $4,000 USDT and an equivalent of $6,000 worth of xBTC. The borrowing fee bonus is calculated on the user's xBTC share $6,000/$10,000=60%. If the user borrows USDC or SUI and incurs $7,000 in borrowing fees, they will receive $7,000 * 60% = $4,200 bonus, distributed in NAVX.
  • The Borrow Fee Rebate for USDC begins on June 27, while Borrow Fee Rebate for SUI starts from July 7.
Campaign 2
Only xBTC suppliers are eligible for the Borrow incentives Bonus.
1. $200,000 worth of $SUI tokens for users who supply on OKX DeFi Earn and borrow USDC or SUI on NAVI
2. $500,000 worth of $NAVX tokens for users who supply on OKX DeFi Earn or NAVI and borrow USDC or SUI on NAVI
Reward Distribution Method
1.
The Borrow Incentives bonus for USDC begins on June 27, while the Borrow Incentives bonus for SUI will kick off on July 7.
2.
The bonus will be distributed hourly to subsidize the user's borrow APR, unless the incentive pool has been completely distributed. Any existing protocol incentives (if applicable) remain claimable on the Dashboard page , while xBTC campaign bonuses will be distributed and claimed in real time on the Campaign Page.
3.
The Borrow APR subsidy will continue to be issued in the form of a fixed amount every week. The $NAVX subsidy amount is 60% of the user's interest. If it is ran out for the week, NAVI will stop subsidizing but it will be refilled every week for the campaign period.
4.
Rewards will be calculated based on the market price at the time.
5.
Users will receive $NAVX rewards on the NAVI platform, while $SUI rewards will be claimed via OKX DeFi Earn.
6.
Change in Collateral Asset Ratio will be calculated based on the asset ratio captured in each hourly snapshot.
Note
  • The NAVI team will monitor supply and borrowing activities to ensure fairness and prevent duplicate participation.
  • To optimize USDC/Sui borrow APR boost and borrow fee rebate, we recommend using xBTC as the primary collateral to participate campaign
  • Users must claim their rewards on the campaign page. After the Campaign ends The claim window for claimable NAVX Bonus will be open for 30 days. Any rewards not claimed within this period will be forfeited.
  • In case of a system malfunction, rewards will be calculated using the most recent valid data.
  • Have questions about the $xBTC or Campaigns ?
    Check out$xBTC FAQ
    Join the discussion on our official Telegram:@navi_protocol