BTCFi has already become the second growth curve on Sui. If you've experienced it, you know that BTC doesn't need a clunky L2 experience, but rather a reliable custodian + native interaction experience. Being able to deposit and withdraw directly into exchanges is the best experience; anything else is just pointless.
xBTC is strictly pegged and securely custodied 1:1 by OKX Bitcoin, with security equivalent to that of an exchange. The key is that through OKX, BTC can be withdrawn to the Sui network, allowing BTC to have an extreme DeFi experience, generating a continuous cash flow, and can be recharged back to the exchange at any time.
A total of 1516 xBTC have been issued, all on high-performance public chains, including Sui (597), Aptos (473), and Solana (435), with Sui having the largest issuance scale.
Next, let's talk about how to maximize mining yields with xBTC on the Sui chain 👇
How to make money with BTC on Sui?
Directly withdraw BTC from OKX to the Sui chain.
Participating in various activities through the xBTC activity page can earn interest rewards -->/web3.okx.com/zh-hans/earn/activity/xbtc-sui-season1
There are mainly two types of gameplay, which friends familiar with DeFi should be very familiar with.
Gameplay 1: Lending to earn interest.
This is the simplest and most stable entry-level gameplay.
➤ Navi, Suilend
1. Deposit xBTC into leading lending protocols to steadily earn interest paid by the platform.
2. Collateral lending: Use xBTC as collateral to borrow stablecoins (such as USDC) for other investments, enhancing your capital utilization.
Gameplay 2: Assemble LP to earn dual returns.
If you seek higher returns, you can try becoming a liquidity provider (LP).
➤ Bluefin, Momentum
Provide liquidity for xBTC related trading pairs (such as xBTC-USDC, xBTC-Sui).
For a stable approach, you can do xBTC and wBTC, with an annual yield of up to 20%, without the risk of market fluctuations.
If you're a bit more aggressive, you can do xBTC-Sui, with the highest annual yield reaching 120%, or xBTC-USDC, with an annual yield of 70%+, which is equivalent to grid trading BTC.