Analysis of the Potential Protocol and Interaction Strategies of the Sui Ecosystem

In the cryptocurrency space, early positioning is key to achieving substantial returns. Sui, as an innovative Layer 1 blockchain platform, is attracting increasing attention due to its parallel processing capabilities and the advantages of the Move programming language.

Recently, the price of SUI tokens has seen a significant increase, with a rise of over 10% within 24 hours, peaking at $1.4336. Meanwhile, the total value locked (TVL) in the Sui ecosystem has also been steadily climbing, reflecting a growing interest from users and developers in the platform.

Currently, there are multiple protocols in the Sui ecosystem that have not yet issued tokens, which provides potential opportunities for early participants. This article will introduce 7 promising protocols and their interaction strategies for reference. It is important to note that most of the following protocols involve providing liquidity, and it is recommended to invest at least 100 SUI in each protocol.

Haedal Protocol

This is a liquidity staking protocol based on Sui that allows users to participate in the governance of the Sui blockchain by staking SUI. The protocol has confirmed that it will issue tokens.

Staking Steps:

1. Visit the protocol official website
2. Connect Wallet
3. Enter the staking amount
4. Click "Stake SUI"
5. Receive haSUI tokens

Volo

Volo is another liquid staking solution designed to maximize the utility and liquidity of SUI tokens. It has also been confirmed that tokens will be issued.

Staking Steps:

1. Visit the Volo official website
2. Connect Wallet
3. Enter the staking amount
4. Click "Stake"
5. Receive vSUI tokens

Note: Tokens obtained from the liquidity staking protocol can be used for other DeFi projects, facilitating interaction with multiple protocols simultaneously.

Scallop

Scallop is the first officially funded lending protocol on Sui. The second phase of the airdrop activity is currently underway.

Interaction Steps:

1. Access the Scallop application
2. Connect Wallet
3. Supply Token
4. Borrowing Tokens
5. Complete the specified task

NAVI Protocol

NAVI is a lending protocol based on Sui, featuring a points system for generating NAVI tokens.

Steps to Earn Points:

1. Access the NAVI application
2. Connect Wallet
3. Supply Token
4. Borrowing Tokens
5. Complete the specified tasks

BlueFin

BlueFin is a rapidly developing decentralized perpetual protocol within the Sui ecosystem, having secured institutional investments including from Polychain.

Participate in the pre-mining steps:

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

In addition, users can also apply to become a "BlueFin Pioneer Ambassador".

KriyaDEX

KriyaDEX is a comprehensive DeFi platform that offers various services ranging from lending to perpetual trading. Users can earn KRIYA tokens by participating in the "Chakra" event.

Participation Steps:

1. Access the KriyaDEX application
2. Conduct token transactions
3. Provide liquidity
4. Complete the designated task

Bucket Protocol

Bucket Protocol is a CDP protocol based on Sui, aimed at improving capital efficiency and stabilizing stablecoin prices. The project has received funding from the Sui Foundation and has confirmed that it will issue tokens.

Participation Steps:

1. Access the Bucket Protocol application
2. Select the "Position" option
3. Use the selected collateral to borrow BUCK
4. Enter "Tank Pools"
5. Deposit BUCK into the pool
6. Select the "Fountain" option
7. Staking LP tokens

With the launch of the Sui Network mainnet and the continuous development of its ecosystem, these protocols offer potential opportunities for early participants. However, investors should proceed with caution, fully understand the risks, and conduct independent research before making decisions.