$xBTC FAQ
FAQ
How does NAVI calculate the borrow limit? -Borrow Limit Definition: When a user supplies an asset, the borrowing limit represents the maximum amount they can borrow based on the asset's LTV and the user’s collateral capacity. Subsidies will only cover the borrowed amount released by supplying $xBTC. Here are two examples:
Example 1:* User supplies 10,000 USDT (Max LTV 80%), $10,000 equivalent of $xBTC (Max LTV 60%) User's borrowing limit is $8,000 equivalent plus $6,000 equivalent tokens. Subsidies are calculated based on collateral weight. If a user borrows $7000, the borrowing fees for $3500 equivalent assets will be subsidized.
Example 2:* If the user only holds $xBTC for collateral and has borrowed any other asset, the platform provides a 100% subsidy based on the collateral weight at the time of borrowing.
How do I calculate borrow fee subsidies? -Borrow fee subsidies will only apply to the available borrowing limit released after supplying $xBTC, based on a proportion of the user's collateral.
How do I claim the reward/subsidies? Reward distribution method • Rewards are distributed in real time in $NAVX, and the amount is converted according to the current market price • Users receive $NAVX on the NAVI platform, and OKX rewards ($SUI) are received through OKX Earn page
Will the $xBTC parameters change during the campaign period? NAVI will continuously monitor dynamic parameters such as LTV, and these are open for discussion after risks are properly evaluated.
Campaign 1: Borrow Fee Rebate(In $NAVX)
Eligibility
Users who supply xBTC on OKX Earn or NAVI and Borrow USDC or SUI on NAVI
Reward Logic
Unlimited Fee Rebate calculated based on xBTC’s share in total supply when borrow is opened.
Fee Rebate for USDC Borrowers begin 27 June
Fee Rebate for USDC Borrowers begin 7 July
Example
Supply $4,000 USDT + $6,000 xBTC → 60% xBTC shareBorrow fees = $7,000Bonus = $7,000 × 60% = $4,200 NAVX
Example Flow
Connect Wallet
Supply xBTC on OKX or NAVI
Borrow USDC/SUI
Enjoy the Fee Rebate
Campaign 2: Borrow APR Subsidy (NAVX + SUI Rewards)
Eligibility
Supply xBTC only- Borrow USDC or SUI
Only OKX Earn users eligible for SUI rewards
Reward Pool
>$200,000 in $SUI (OKX Earn only)>$500,000 in $NAVX
Reward Logic
Borrow APR Bonus will also be calculated based on xBTC’s share of the total supply.
Hourly APR subsidy based on xBTC’s share of supplied collateral
For USDC and SUI borrowing, rewards are released 60/40 in NAVX and SUI.
Borrow fee rebate for USDC begin on June 27, while borrow fee rebate for SUI starts from July 7.
Claim Rules
During Campaign: Real-time distribution on Campaign Page
Users will receive $NAVX rewards on the NAVI platform, while $SUI rewards will be claimed via OKX Earn.
After Campaign ends: Claim within 30 days
Unclaimed rewards are forfeited
Example Flow
Supply on OKX or NAVI
Borrow USDC, SUI
Earn APR bonus
Claim rewards
Last updated