Sui Foundation announces a partnership with Babylon Labs, Lombard and Cubist

Sui Foundation partners with Babylon Labs, Lombard and Cubist to bring Bitcoin liquidity to the Sui ecosystem. Through this partnership, Bitcoin holders will be able to stake $BTC via the Babylon protocol to receive $LBTC, natively minted on Sui. $LBTC will serve as a key asset in Sui's DeFi ecosystem, enabling lending, borrowing, and trading.

Sui is a Layer1 blockchain platform built to meet the demands of global adoption, providing a secure, robust, and scalable development environment. Sui utilizes a unique object-centric data model and Move programming language to tackle inefficiencies found in current blockchain architectures.

👉 ibtimes.com/sui-foundation-partners-babylon-labs-lombard-cubist-programmable-bitcoin-3752462