7 Potential Protocols and Interaction Strategies of the Sui Ecosystem

Recently, the Sui ecosystem has demonstrated a thriving development trend. The price of the SUI token briefly surpassed $1.4 today, with a 24-hour increase of 10.51%. Meanwhile, the total locked value of the Sui ecosystem (TVL) continues to rise, indicating that the interest of users and developers in the platform is increasing.

Currently, there are multiple protocols in the Sui ecosystem that have not yet issued tokens. Considering that Sui is highly likely to continue gaining attention and achieve growth, now may be an excellent time for early positioning. This article will introduce 7 potential protocols and their interaction strategies for reference.

It is worth noting that the following protocols are mostly related to providing liquidity. Therefore, it is recommended to invest at least 100 SUI in each protocol to fully participate.

1. Haedal Protocol

Haedal Protocol is a liquidity staking protocol built on Sui. Users can contribute to the governance and decentralization of the Sui blockchain by staking SUI. The protocol has confirmed that it will issue tokens.

Steps to stake SUI:

1. Visit the Haedal Protocol official website
2. Connect Wallet
3. Enter the amount of SUI you wish to stake
4. Click "Stake SUI"
5. Receive haSUI tokens

2. Volo

Volo is another liquid staking solution built on Sui, aimed at maximizing the utility and liquidity of SUI tokens. The project has also confirmed that it will issue tokens.

Steps to stake SUI:

1. Visit the Volo official website
2. Connect Wallet
3. Enter the amount of SUI you want to stake
4. Click "Staking"
5. Receive vSUI tokens

Note: Tokens obtained from the liquidity staking protocol can be used in other DeFi projects, allowing users to interact with multiple protocols simultaneously, increasing the chances of receiving multiple airdrops.

3. Scallop

Scallop is a lending protocol on Sui and is the first DeFi protocol to receive official funding from the Sui Foundation. Currently, the "Scallop Airdrop Event" second phase is underway.

Interaction Steps:

1. Access the official Scallop application
2. Connect Wallet
3. Supply Token
4. Borrowing Tokens
5. Complete the tasks on Zealy

4. NAVI Protocol

NAVI Protocol is another lending protocol based on Sui that allows liquidity providers or borrowers to participate in the Sui ecosystem. The protocol has a points system that can be used to generate NAVI tokens.

Steps to earn points:

1. Access the NAVI Protocol official application
2. Connect Wallet
3. Supply Token
4. Borrow Tokens
5. Complete tasks on Zealy

5. BlueFin

BlueFin is the fastest decentralized perpetual protocol in the Sui ecosystem. The project has successfully raised $29.2 million in funding, with investors including well-known institutions like Polychain.

Steps to pre-farm BLUE tokens:

1. Visit the BlueFin official website
2. Click "Trade Now"
3. Start trading on the platform
4. Invite friends to participate

In addition, users can also apply to participate in the "BlueFin Pioneer Ambassador Program."

6. KriyaDEX

KriyaDEX is a comprehensive DeFi platform that offers a wide range of services from lending to perpetual trading. Users can earn KRIYA tokens by participating in the "Chakra" event. The second phase of the event is about to begin.

Participation Steps (When a new event starts):

1. Access the official KriyaDEX application
2. Trade tokens and generate trading volume
3. Provide liquidity
4. Complete the tasks on Zealy

Users can view their performance on the "Rewards" page.

7. Bucket Protocol

Bucket Protocol is a CDP protocol (Collateralized Debt Position protocol) based on Sui, designed to improve capital efficiency and stabilize the price of stablecoins. The project has received funding from the Sui Foundation and has confirmed that it will issue tokens.

Participation steps:

1. Visit the Bucket Protocol official application
2. Click "Position"
3. Borrow BUCK using the selected collateral
4. Click on "Tank Pools"
5. Deposit BUCK into the pool
6. Click "Fountain"
7. Staking LP Tokens

Overall, the Sui ecosystem is developing rapidly, providing numerous opportunities for early participants. However, it is essential to conduct thorough research and risk assessment before participating in any project. Keeping a close eye on the developments of the Sui Network may help capture future investment opportunities.