*Sui Network Set to Launch Bitcoin Staking, Revolutionizing DeFi Ecosystem*🤑🤑🤑🤑🔥🔥🔥🔥🔥🔥

Sui is indeed launching Bitcoin staking, starting in December. This exciting development will allow Bitcoin holders to stake their BTC on Babylon, a Bitcoin layer-2 network, from the Sui network.¹

Here's how it works: Bitcoin holders on Sui will be able to stake their BTC to Babylon and mint LBTC, Lombard's liquid staking token. This initiative aims to onboard Bitcoin liquidity to the Sui ecosystem, growing the decentralized finance ecosystem with LBTC as a collateral asset.

The benefits of staking SUI include earning passive income, supporting the security and efficiency of the Sui network, and contributing to the growth of the decentralized finance ecosystem.²$BNB $XRP #crypto $ETH