According to BlockBeats news, on August 7, the Sui ecological liquid staking platform Volo announced the official launch of its first Volo Vault, supporting the deposit of wBTC in its initial phase, allowing users to expand the yield potential of BTC in DeFi scenarios. This feature marks a key advancement for Volo in cross-chain asset support and DeFi yield aggregation.
Volo itself is a liquid staking protocol on Sui that allows users to stake SUI to obtain vSUI for use in various DeFi scenarios, with related growth governed by Volo DAO. With the launch of Volo Vault, the platform is gradually building a DeFi yield entry point for ordinary users, further enhancing ecological liquidity and stimulating potential growth momentum.
