NAV is a regulated hedge fund bridging TradFi and DeFi with structured investment products (SIPs) designed for crypto investors seeking high returns without the complexity of active trading.
NAV is a regulated hedge fund offering innovative Structured Investment Products (SIPs) for exposure to various cryptocurrency market strategies.
According to their Documents: “NAV democratizes high-yield investment strategies, making them accessible to all. By merging traditional finance experience with blockchain technology, we empower investors to benefit from DeFi”.
They achieve this through SIPs: Structured Investment Products, these "combining narrative FA and advanced technology to maximize returns and manage risk".
At the time of this report, the project has developed 4 SIPs:
Directional SIP:
Combines professional management, risk control, and liquid strategies like spot trading, yield farming, and perpetual futures to outperform the cryptocurrency market with consistent, superior returns.
Cross Chain Yield Maximizer SIP:
Leverages cross-chain diversification, professional management, and risk control to deliver high, sustainable returns by capturing top DeFi yield opportunities.
Berachain Maximizer SIP:
Utilizes quantitative finance and partnerships to optimize risk-adjusted yields through a diversified portfolio of liquidity provision, staking, and yield farming.
As we can see, NAV is a project that has been working on mainnet for many months now, offering its SIPs to investors.
In September 2024, they launched the Berachain SIP, which provides exposure to the ecosystem (including NFT OGs).
Once Berachain is on mainnet, this SIP will be migrated there, also participating in the PoL through its products.
It should be noted that this SIP has had an great performance in recent months.
In conclusion, the project is clear about the steps to follow in Berachain and how they will take advantage of the possibilities offered there..
Sources:
NAV Medium: "$NAV Is Going Live on Fjord Foundry January 24th!" - LINK
BERACHAIN INTEGRATION
SCORE = 5/5
NAV Finance has a range of connections with Berachain, from owning OG NFTs to having made agreements and collaborations with various projects in the ecosystem.
The project has fractionalized 60+ Berachain NFTs, becoming the first to provide fractional ownership and investor access to these assets.
Berachain SIP Key Highlights:
Performance: Generated a +120.57% return in Q4 2024, with monthly results as follows:
October: -4.60%
November: +30.88%
December: +76.64%
Airdrops & Assets: All $BERA and $BGT tokens from airdrops will be allocated directly to SIP depositors.
Deployment: NFTs and assets will be actively deployed on the Berachain mainnet through strategic partnerships, trading, and yield farming activities.
As can be seen, the integration with Berachain is evident, has substance and is growing.
NAV Finance has a clear competitive advantage over others projects in the Berachain ecosystem.
Its SIP product, when deployed on the mainnet, promises to be an investment tool through which users, team and stakeholders can obtain benefits.
This, enhanced by the interaction with other projects within the ecosystem, can create a very interesting flywheel for users.
The introduction of its own token also provides an additional element to both the investment tools and the possibility of obtaining profits with the project.
As its entry point is a $5,000 deposit, the project segments its audience, focusing more on the medium to large investor, both retail and institutional.
According to the article "$NAV Is Going Live on Fjord Foundry January 24th!", the token will have the following uses:
Staking rewards.
Vault incentives.
Airdrop campaigns.
And other engagement initiatives over 3 years.
NAV Staking Benefits:
$NAV stakers receive 10% of the performance of all SIPs in the form of:
$NAV emissions
Partner tokens($iBGT, $BERA, $KODIAK, and more)
Buyback and burn (deflationary mechanism)
Source:
NAV Medium: "$NAV Is Going Live on Fjord Foundry January 24th!" - LINK
TOKEN DISTRIBUTION
SCORE = 5/5
The token distribution is as follows:
Total Supply
1B $NAV
Community Incentives
43% (430M $NAV)
Staking rewards, vault incentives, airdrop campaigns, and other engagement initiatives over 3 years
Team
20% (200M $NAV)
4-month cliff, 16-month linear vesting
Seed Round $20M FDV
15% (150M $NAV)
20% at TGE, 10% monthly linear vesting over 8 months
Strategic Partnerships
5% (50M $NAV)
3-month cliff
Yeet Bond POL Reserve
5% (50M $NAV)
6-month linear vesting
Advisors
5% (50M $NAV)
4-month cliff, 16-month linear vesting
Initial Liquidity
2% (20M $NAV)
NAV-HONEY liquidity pool
Fjord Foundry WL Round
3% (20M $NAV)
Fully unlocked at TGE
Ramen Finance Public Round
2% (20M $NAV)
Fully unlocked at TGE
PROOF OF LIQUIDITY IMPACT
SCORE = 5/5
The Berachain SIP is designed to leverage Berachain’s Proof of Liquidity (PoL) mechanism for yield optimization.
This initiative aims to provide investors with exposure to Berachain’s ecosystem while optimizing capital efficiency.
NAV Finance deploys over seven figures worth of Berachain NFTs to earn governance rewards.
The fund actively engages in liquidity provisioning and yield farming within Berachain.
By doing so, NAV Finance maximizes BGT accrual and reinvests it into the ecosystem for compounding returns.
Key benefits:
Enhanced Yield Generation: Utilizes PoL incentives to optimize staking rewards.
Capital Efficiency: Maintains liquidity flexibility while earning governance influence.
Diversified Exposure: Provides investors with structured access to Berachain’s ecosystem without direct management.
By integrating PoL into its investment strategy, NAV Finance deepens liquidity in Berachain’s ecosystem.
The SIP’s success could attract further institutional interest in PoL as a viable DeFi mechanism.
NAV Finance’s structured approach could serve as a model for future PoL-based investment products.
Sources:
NAV Medium: "Invest in Berachain With NAV’s Berachain Maximizer SIP" - LINK
NAV Medium: "NAV: Where Quantitative Finance Meets DeFi Innovation" - LINK
SECTION 2 - FINAL SCORE: 20/20
SECTION 3: SOCIAL MEDIA & COMMUNITY ENGAGEMENT
SOCIAL MEDIA PRESENCE
SCORE = 3/5
The project has a decent presence on X, Discord and Medium.
We can see that activity on both apps has increased after the announcement of the Berachain SIP launch.
It is worth noting that on X they are more active than on Discord in terms of engagement, but the service of the latter's moderators and administrators is active and always present.
However, the community is not too big: less than 5k followers on both X and Discord.
X account:
Since January 2024.
More than 4500 followers.
The account has seen a surge in followers around the day of the Fjord sale.
Also, we can observe a certain decline in activity starting in the 2024 summer, a tipping point where both the protocol social presence, post regularity and the follower growth started to top.
Discord Server:
More than 3300 members
40 OGs
A handful of moderators and core team member core.
Thousands of community members, not that much active.
Analyzing their social networks, there is no noticeable growth in followers on them since our last assessment.
The number is constant and varies very little, both up and down, it is ranging between 4.000 & 5.000 followers on X.
No growth has been observed regarding their Medium articles, and discord members acquisition.
Regarding new members, we must say that they are received by Discord Mods and Admins, who welcome them and guide them by directing them to the channels with introductory information within the server.
The on-boarding procedure seems professional and standard for the industry. Easy access after completing a captcha.
Clear info panel, organized channels detailing announcements, official documents and links.
ENGAGEMENT LEVELS
SCORE = 3/5
As we have already said, since the launch of the Berachain SIP, social media activity has increased and therefore engagement is beginning to grow but since seems to have topped.
The engagement is still decently moderated, whether regarding Twitter, Discord and Medium.
Out of the 4k+ followers very few interact on these platforms.
We can say that engagement on Discord is quite low, while on X they are more successful. Here are some examples:
Discord reactions to the announcement that the sale at Fjord has begun.X reactions to the announcement that the sale at Fjord has begun.
TRANSPARENCY
SCORE = 5/5
The project is transparent with its users.
On its website and documents you can find all the details inherent to the SIPs, the terms and conditions of the services and the potential risks to be assumed.
Since September 2024, they periodically carry out an audit report, both on X and on Discord, which can be tracked from the app's own dashboard.
Announcements of progress, strategies and results are duly communicated in the expected channels.
They are also transparent in the management of conflict situations and the team responds professionally to those who consult.
In its documents we can find the section called Custody, where the Advanced Security Measures are explained.
NAV ensures the security of customer funds through advanced measures, including Fireblocks integration for custody, multi-layer security, multi-signature technology, and fraud prevention.
With BVI regulation and a focus on investor protection, NAV combines cutting-edge technologies and expertise to deliver exceptional returns while safeguarding assets.
NAV Finance is a hedge fund regulated under the laws of the British Virgin Islands, incorporated with the British Virgin Islands Financial Services Commission.
Its Segregated Portfolio Company (SPC) status was officially approved in May 2024 and announced via its Discord channel.
The project made great efforts to comply with its relevant local regulations, especially AML/KYC, which demonstrates a certain level of professionalism and great forward-thinking in the time frame.
NAV Finance showed a certain willingness to comply with the relevant legal frameworks and regulations in the jurisdictions where it operates.
This ensures stability and regulatory certainty to navigate potential legal challenges.
It is fair to say that unlike most industry participants, NAV Finance has taken great care to comply with legal and regulatory requirements.
The risks inherent to the financial activity carried out by NAV are recognised by the project and are made explicit in each of the documents linked to the SIPs.
Only the Berachain SIP document is missing.
Sources:
NAV SIP Summary: "Directional strategy summary" - LINK
NAV SIP Summary: "Cross chain yield maximizer" - LINK
CONTINGENCY PLANS
SCORE = 5/5
In terms of security, NAV uses regular audits, multi-signature technology and advanced systems such as Fireblocks to protect funds.
In addition, constant monitoring and an emergency fund are designed to respond to potential attacks or vulnerabilities.
In the face of regulatory and third-party risks, NAV maintains specialized legal counsel to adapt to changes in the regulatory framework.
To mitigate market risks and fluctuations in returns, NAV employs dynamic management strategies and reserves liquidity to respond to periods of high volatility.
Finally, NAV prioritizes the trust of its investors through transparent reporting, audits and constant communication.
SECTION 4 - FINAL SCORE: 18/20
SECTION 5: CREDIBILITY, LEGITIMACY & QUALITY
PROJECT AND TEAM BACKGROUND
SCORE = 5/5
NAV Finance has a highly experienced team that combines expertise from traditional finance and blockchain.
The project is supported by DigitsCapital, a reputable figure in the DeFi space, and is guided by NAV Consulting, a firm experienced in hedge fund** operations and audits.
DigitsCapital has a strong presence in the Web3 investment landscape, having founded and managed DigitsDAO through various market cycles, achieving significant performance milestones.
This track record, particularly DigitsDAO’s early exposure to Berachain, adds a layer of confidence to NAV Finance's operations.
The team leverages partnerships with Open Hedge and other leaders in quantitative strategies for robust product development.
Clear distribution of responsibilities across SIP management, risk analysis, and compliance ensures a well-rounded execution.
The team's track record with Premia and Valio has been the foundation of this new project and the creation of NAV is driven by the vision of democratizing complex, high performance investment strategies traditionally reserved for a technical elite.
NAV has been demonstrating consistency by achieving milestones like the launch of Structured Investment Products (SIPs), including the Directional SIP, Cross-Chain Yield Maximizer SIP, and ETH+ SIP.
It has shown adaptability and foresight by launching the Berachain Maximizer SIP, tailored to Berachain's unique ecosystem mechanics.
NAV’s history of early investments, including Berachain Series A funding and strategic NFT purchases, aligns with its long-term vision.
NAV has a good reputation among Berachain ecosystem, evident from partnerships with notable projects like Kodiak, Shogun, Ramen Finance, and Goldilocks.
It is actively engaged with the community, participating in Berachain NFT investments and contributing to ecosystem growth through its SIPs.
There are no recorded controversies or negative incidents that affects its credibility.
Many seed round investors in NAV Finance are members of the same ecosystem projects, which further aligns its trajectory with the development and growth of Berachain.
PARTNERSHIPS AND COLLABORATIONS
SCORE = 5/5
NAV has established strategic partnerships within the Berachain ecosystem, collaborating with top Berachain projects like:
Kodiak,
Shogun,
Goldilocks,
Ramen Finance,
Henlo,
Gummi,
and others to diversify yield strategies and enhance the SIP performance.
These partnerships ensure access to unique opportunities like early-stage deals, NFT liquidity provisioning, and high-yield farming, benefiting both NAV and its collaborators.
The project demonstrates a clear “berachainistic” strategy for forming and leveraging key partnerships to maintain its competitive edge.
SECTION 5 - FINAL SCORE: 20/20
RATING RESULTS
The project presents a solid value proposition, excellent integration with Berachain, well-structured tokenomics, high social media activity and engagement, and robust security measures.
This report has been prepared with information provided by the S&P team of Contributors:
While S&P doesn't guarantee absolute protection against scams and rug pulls, it is a valuable tool for navigating the Berachain ecosystem with enhanced security.
