Sui to launch Bitcoin staking
$BTC

Babylon Labs and Lombard Protocol are preparing to bring liquid Bitcoin staking to Sui,✅

the burgeoning layer-1 blockchain network, Sui and Babylon disclosed on Nov. 25.

Starting in December, Bitcoin holders on Sui will be able to stake BTC to Babylon, a Bitcoin layer 2 (L2) network, and mint LBTC, Lombard’s liquid staking token (LST),

according to the announcement. 🚀
They said LBTC “will become a core asset in Sui’s DeFi ecosystem, enabling lending, borrowing and trading to unlock Bitcoin’s $1.8 trillion USD worth of liquidity on Sui.”

$SUI