According to Odaily Planet Daily, NAVI Protocol, a one-stop liquidity protocol of the Sui ecosystem, announced the launch of a migration function, using DeepBook technology to enable users to automatically migrate loan/borrowing positions from wUSDC to USDC, and encapsulate existing USDC locally with minimal slippage, and benefit from the increased yields of new LPs.
This feature sets everything to run automatically, so users don’t have to search around the ecosystem for the best way to migrate. This migration will improve the asset utility and security of the Sui ecosystem, benefiting every USDC holder on Sui, as well as the entire DeFi ecosystem of the SUI network.
