Lorenzo Protocol has been very active recently! 🎉 They announced a strategic partnership with Cetus Protocol and NAVI Protocol to bring Bitcoin liquidity to the Sui Network, driven by Babylon Labs. Lorenzo has also received comprehensive support from Cobo, Ceffu, and ChainUp, aiming to create a native Bitcoin multi-institutional custody solution that meets the high security standards of the Move ecosystem. 🔐
Currently, Lorenzo has successfully completed integration with NAVI and Cetus, making stBTC the first yield-bearing Bitcoin technically integrated on Sui. Users can now participate in activities on Cetus and NAVI using stBTC to earn Lorenzo Points and generous rewards. 💰
In the future, Lorenzo Protocol will launch Sui Network's native minting of stBTC, further expanding Bitcoin liquidity and creating more earning opportunities for users. 🚀