According to BlockBeats news on December 4th, Lorenzo Protocol announced a strategic partnership with Cetus Protocol and NAVI Protocol, and, with the joint efforts of Babylon Labs, will bring Bitcoin liquidity to the Sui Network. At the same time, Lorenzo has received comprehensive support from Cobo, Ceffu, and ChainUp to jointly create a native Bitcoin multi-institutional custody solution that meets the high security standards of the Move ecosystem.
Currently, Lorenzo has completed the integration of NAVI and Cetus, making stBTC the first yield-bearing Bitcoin that has technically completed integration on Sui. In addition, Lorenzo has officially launched its first phase of activities, allowing users to participate in and earn Lorenzo Points and generous rewards using stBTC on Cetus and Navi. At the same time, the Lorenzo Protocol will soon introduce the native minting of stBTC on the Sui Network, further expanding Bitcoin liquidity and creating more earning opportunities for users.
