Sui has partnered with Babylon Labs and Lombard to bring Bitcoin staking to its platform. Users staking BTC will receive the LBTC token, which is issued directly on Sui and can be used within Sui's DeFi ecosystem for activities such as lending, borrowing, and trading.
This partnership allows Bitcoin holders to participate in decentralized finance without losing security or liquidity. Lombard developed the LBTC token to provide safe and liquid collateral, while Babylon Labs offers a self-managed staking protocol that does not require third-party involvement.
