According to Deep Tide TechFlow news, on December 4, Lorenzo Protocol announced a strategic partnership with Cetus Protocol and NAVI Protocol, and with the joint push of Babylon Labs, Bitcoin liquidity will be introduced to the Sui Network. At the same time, Lorenzo has received comprehensive support from Cobo, Ceffu, and ChainUp to jointly create a native Bitcoin multi-institution custody solution that meets the high-security standards of the Move ecosystem.
Currently, Lorenzo has completed the integration of NAVI and Cetus, with stBTC becoming the first yield-bearing Bitcoin on Sui that has technically completed the integration. In addition, Lorenzo has officially launched its first phase of activities, where users can participate in Cetus and Navi using stBTC to earn Lorenzo Points and generous rewards. Meanwhile, the Lorenzo Protocol will soon introduce native minting of stBTC on the Sui Network, further expanding Bitcoin liquidity and creating more earning opportunities for users.
