🚀 Babylon Labs & Lombard Protocol is about to bring Bitcoin (BTC) staking to Sui, the emerging layer-1 blockchain!
- Starting in December, Sui users will be able to stake BTC to mint LBTC, Lombard's liquidity staking token.
- LBTC will be a core asset in Sui's DeFi ecosystem, unlocking $1.8T USD worth of Bitcoin liquidity.
- Cubist will build the infrastructure for depositing, minting, staking, and bridging BTC to Sui.
- Sui, launching in 2023, has attracted $1.4B TVL, dubbed the "Solana killer".
What do you think about the potential of BTC on Sui? Share your thoughts! 💬