diff --git a/src/quote/flashmint/nav/index.ts b/src/quote/flashmint/nav/index.ts
new file mode 100644
index 00000000..6f29423e
--- /dev/null
+++ b/src/quote/flashmint/nav/index.ts
@@ -0,0 +1 @@
+export * from './provider'
diff --git a/src/quote/flashmint/nav/provider.test.ts b/src/quote/flashmint/nav/provider.test.ts
new file mode 100644
index 00000000..29de9037
--- /dev/null
+++ b/src/quote/flashmint/nav/provider.test.ts
@@ -0,0 +1,116 @@
+import { AddressZero } from 'constants/addresses'
+import {
+  IndexZeroExSwapQuoteProvider,
+  LocalhostProviderUrl,
+  QuoteTokens,
+} from 'tests/utils'
+import { wei } from 'utils/numbers'
+import { FlashMintNavQuoteRequest, FlashMintNavQuoteProvider } from './provider'
+import { Exchange } from 'utils'
+
+describe('FlashMintNavQuoteProvider()', () => {
+  const { icusd, usdc, weth } = QuoteTokens
+  const indexToken = icusd
+  const chainId = 1
+  const provider = LocalhostProviderUrl
+  const swapQuoteProvider = IndexZeroExSwapQuoteProvider
+
+  test('returns a quote for minting icUSD', async () => {
+    const inputToken = usdc
+    const request: FlashMintNavQuoteRequest = {
+      chainId,
+      isMinting: true,
+      inputToken,
+      outputToken: indexToken,
+      inputTokenAmount: wei(10, 6),
+      slippage: 0.5,
+    }
+    const quoteProvider = new FlashMintNavQuoteProvider(
+      provider,
+      swapQuoteProvider
+    )
+    const quote = await quoteProvider.getQuote(request)
+    if (!quote) fail()
+    expect(quote.inputTokenAmount).toEqual(request.inputTokenAmount)
+    expect(quote.outputTokenAmount.gt(0)).toEqual(true)
+    expect(quote.reserveAssetSwapData).toEqual({
+      exchange: Exchange.None,
+      fees: [],
+      path: [],
+      poolIds: [],
+      pool: AddressZero,
+    })
+  })
+
+  test('returns a quote for minting icUSD w/ WETH', async () => {
+    const inputToken = weth
+    const request: FlashMintNavQuoteRequest = {
+      chainId,
+      isMinting: true,
+      inputToken,
+      outputToken: indexToken,
+      inputTokenAmount: wei(1),
+      slippage: 0.5,
+    }
+    const quoteProvider = new FlashMintNavQuoteProvider(
+      provider,
+      swapQuoteProvider
+    )
+    const quote = await quoteProvider.getQuote(request)
+    if (!quote) fail()
+    expect(quote.inputTokenAmount).toEqual(request.inputTokenAmount)
+    expect(quote.outputTokenAmount.gt(0)).toEqual(true)
+    // TODO:
+    expect(quote.reserveAssetSwapData).toBeDefined()
+  })
+
+  test('returns a quote redeeming icUSD for USDC', async () => {
+    const outputToken = usdc
+    const request: FlashMintNavQuoteRequest = {
+      chainId,
+      isMinting: false,
+      inputToken: indexToken,
+      outputToken,
+      inputTokenAmount: wei(1),
+      slippage: 0.5,
+    }
+    const quoteProvider = new FlashMintNavQuoteProvider(
+      provider,
+      swapQuoteProvider
+    )
+    const quote = await quoteProvider.getQuote(request)
+    if (!quote) fail()
+    expect(quote.inputTokenAmount).toEqual(request.inputTokenAmount)
+    expect(quote.outputTokenAmount.gt(0)).toEqual(true)
+    expect(quote.reserveAssetSwapData).toEqual({
+      exchange: Exchange.None,
+      fees: [],
+      path: [],
+      poolIds: [],
+      pool: AddressZero,
+    })
+  })
+
+  // TODO:
+  test.skip('returns a quote for redeeming icUSD for WETH', async () => {
+    const outputToken = weth
+    const request: FlashMintNavQuoteRequest = {
+      chainId,
+      isMinting: false,
+      inputToken: indexToken,
+      outputToken,
+      inputTokenAmount: wei(1),
+      slippage: 0.5,
+    }
+    const quoteProvider = new FlashMintNavQuoteProvider(
+      provider,
+      swapQuoteProvider
+    )
+    const quote = await quoteProvider.getQuote(request)
+    if (!quote) fail()
+    expect(quote.inputTokenAmount).toEqual(request.inputTokenAmount)
+    expect(quote.outputTokenAmount.gt(0)).toEqual(true)
+    // TODO:
+    expect(quote.reserveAssetSwapData).toBeDefined()
+  })
+})
diff --git a/src/quote/flashmint/nav/provider.ts b/src/quote/flashmint/nav/provider.ts
new file mode 100644
index 00000000..aaa1418c
--- /dev/null
+++ b/src/quote/flashmint/nav/provider.ts
@@ -0,0 +1,117 @@
+import { BigNumber } from '@ethersproject/bignumber'
+
+import { AddressZero } from 'constants/addresses'
+import { USDC } from 'constants/tokens'
+import { SwapQuoteProvider } from 'quote/swap'
+import {
+  Exchange,
+  getFlashMintNavContract,
+  isSameAddress,
+  slippageAdjustedTokenAmount,
+  SwapDataV3,
+} from 'utils'
+import { getRpcProvider } from 'utils/rpc-provider'
+
+import { QuoteProvider, QuoteToken } from '../../interfaces'
+
+export interface FlashMintNavQuoteRequest {
+  chainId: number
+  isMinting: boolean
+  inputToken: QuoteToken
+  outputToken: QuoteToken
+  // In contrast to other quote providers, we always need the input amount (not the index amount)
+  inputTokenAmount: BigNumber
+  slippage: number
+}
+
+export interface FlashMintNavQuoteQuote {
+  inputTokenAmount: BigNumber
+  outputTokenAmount: BigNumber
+  reserveAssetSwapData: SwapDataV3
+}
+
+export class FlashMintNavQuoteProvider
+  implements QuoteProvider<FlashMintNavQuoteRequest, FlashMintNavQuoteQuote>
+{
+  constructor(
+    private readonly rpcUrl: string,
+    private readonly swapQuoteProvider: SwapQuoteProvider
+  ) {}
+
+  async getQuote(
+    request: FlashMintNavQuoteRequest
+  ): Promise<FlashMintNavQuoteQuote | null> {
+    const {
+      chainId,
+      inputToken,
+      inputTokenAmount,
+      isMinting,
+      outputToken,
+      slippage,
+    } = request
+
+    const indexToken = isMinting ? outputToken : inputToken
+    const usdc = USDC.address!
+
+    const swapQuoteRequest = {
+      chainId,
+      inputToken: isMinting ? inputToken.address : usdc,
+      outputToken: isMinting ? usdc : outputToken.address,
+      // TODO:
+      inputAmount: inputTokenAmount.toString(),
+      // TODO:
+      // sources: [Exchange.UniV3],
+      slippage,
+    }
+    console.log(swapQuoteRequest)
+
+    let reserveAssetSwapData: SwapDataV3 = {
+      exchange: Exchange.None,
+      fees: [],
+      path: [],
+      poolIds: [],
+      pool: AddressZero,
+    }
+    if (
+      !isSameAddress(swapQuoteRequest.inputToken, swapQuoteRequest.outputToken)
+    ) {
+      const res = await this.swapQuoteProvider.getSwapQuote(swapQuoteRequest)
+      console.log(res)
+      if (!res?.swapData) return null
+      reserveAssetSwapData = {
+        ...res.swapData,
+        poolIds: [],
+      }
+    }
+
+    let estimatedInputOutputAmount: BigNumber = BigNumber.from(0)
+    const provider = getRpcProvider(this.rpcUrl)
+    const contract = getFlashMintNavContract(provider)
+    if (isMinting) {
+      estimatedInputOutputAmount = await contract.callStatic.getIssueAmount(
+        indexToken.address,
+        inputToken.address,
+        inputTokenAmount,
+        reserveAssetSwapData
+      )
+    } else {
+      estimatedInputOutputAmount = await contract.callStatic.getRedeemAmountOut(
+        indexToken.address,
+        inputTokenAmount,
+        outputToken.address,
+        reserveAssetSwapData
+      )
+    }
+    const outputTokenAmount = slippageAdjustedTokenAmount(
+      estimatedInputOutputAmount,
+      isMinting ? outputToken.decimals : inputToken.decimals,
+      slippage,
+      isMinting
+    )
+    return {
+      inputTokenAmount,
+      outputTokenAmount,
+      reserveAssetSwapData,
+    }
+  }
+}