According to Foresight News, Lorenzo Protocol has announced a strategic partnership with Cetus Protocol and NAVI Protocol, and with the support of Babylon Labs, is bringing Bitcoin liquidity to the Sui Network. Lorenzo has gained support from multiple security partners including Cobo, Ceffu, and ChainUp, who will jointly introduce institutional-grade Bitcoin solutions to the Move ecosystem.
Lorenzo has completed the integration of NAVI and Cetus, making stBTC the first yield-bearing Bitcoin technically integrated on Sui. In addition, Lorenzo has launched the first phase of activities, allowing users to participate in Cetus and Navi using stBTC to earn Lorenzo Points and rewards. Meanwhile, Lorenzo Protocol will soon introduce native minting of stBTC on the Sui Network.
