Bitcoin Staking on $SUI : A DeFi Revolution
#SUI🔥 Foundation Partners with Key Players
The Sui Foundation collaborates with Babylon Labs, Lombard
Protocol, and Cubist to integrate Bitcoin staking into its
ecosystem.
What’s New?
*/ $BTC Staking Launch in December: Bitcoin holders can
stake BTC via Babylon, earning LBTC, a liquid staking token
minted on Sui.
*/ LBTC in DeFi: Already popular on Ethereum with over $1
billion minted, LBTC enables lending, borrowing, and trading,
now extending its utility to Sui.
*/ Seamless Integration: Cubist ensures smooth BTC staking, minting, and bridging.
Why It Matters
This partnership enhances Sui’s programmability and
scalability, attracting developers and global blockchain users. It builds on Sui’s growing reputation, supported by partnerships
like Franklin Templeton’s blockchain experiments and Chirp’s
decentralized physical infrastructure games.
Challenges Ahead
Despite recent momentum, Sui faces hurdles like a network
outage caused by a bug, though it was quickly resolved. The
SUI token trades at $3.22, down 6%, but the project’s focus on
long-term innovation signals resilience.
