Nava finance

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

A further $0.5 sits in the protocol's native staking modules — these deposits are typically locked, vote-bonded, or earning a share of fees, and they reduce the freely circulating float that can hit the market.

Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.

Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.

1. Jul 20, 2022
   Listed on DeFiLlama

Nava finance is a Algo-Stables issuance protocol — it mints stable units against collateral (crypto, RWA, or off-chain reserves) and uses redemption or rebalancing mechanisms to hold the peg. It is deployed on REI.

Nava finance is a single-chain protocol, deployed exclusively on REI — this concentrates execution risk but simplifies the trust model. Roughly 100% of its on-chain value sits on just three networks (REI, REI-pool2, pool2), so a fault on any one of them would affect a large slice of users.

Verified external resources for Nava finance — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Nava finance is one of 7 Algo-Stables protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Frax, Mento V2, Generic.Money, and 3 more. These peer protocols collectively secure $86.8M in deposits, giving you a frame of reference for whether Nava finance's own TVL is at the top, middle, or tail of the category.

Frax

TVL $63.3M · 24h +0.03%

Mento V2

TVL $17.6M · 24h +1.42%

Generic.Money

TVL $3.5M · 24h +0.00%

DefiDollar DAO

TVL $864.2K · 24h +3.23%

Lumi Finance

TVL $841.8K · 24h -0.17%

Sigmausd

TVL $565.7K · 24h -2.12%