Sui Network Introduces Liquid Staking To Enhance Decentralized Web3 Ecosystem
The Sui Network,
The revolutionary Layer 1 blockchain that utilizes an object-centric data model to enhance Web3’s infrastructure layer, has unveiled a significant update that enables liquid staking as part of its latest network upgrade.
The latest network upgrade by Mysten Labs‘ Layer 1 blockchain introduces support for liquid staking of its native token.
This development comes as a crucial step for the Sui community, as it opens up new possibilities within the network’s expanding DeFi ecosystem. With the implementation of liquid staking on Sui Network, developers can now offer fully non-custodial solutions, allowing token holders to receive derivative tokens in proportion to the value of their staked SUI tokens. .
