DTADTA
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Yesterday (August 18), @BitlayerLabs officially announced a partnership with MMTFinance to launch the yBTC.b – wBTC liquidity pool, marking the deep penetration of Bitcoin's DeFi play into the Sui network. As a long-time enthusiast of BTCFi, I feel this collaboration comes at just the right time – Bitcoin's liquidity is transforming from a 'sleeping giant' into an active engine, and Sui's efficient ecosystem is the perfect stage for it.
The core of this collaboration is actually quite simple: Bitlayer provides yBTC.b (a derivative that wraps Bitcoin), while MMTFinance opens a yBTC.b – wBTC pool on its platform, allowing users to seamlessly engage in liquidity mining and trading on Sui. But don’t underestimate this 'simplicity'; the logic behind it is quite profound. Imagine, the trillions of liquidity in Bitcoin, which has been trapped on the native chain, is now directly injected into Sui's DeFi ecosystem through Bitlayer's bridge. This is not just about increasing liquidity; it also opens up a new avenue for BTCFi. Some insiders have already started discussing this, and I saw someone mention that it feels like a 'secure pipeline' has been built on Sui, allowing Bitcoin funds to flow efficiently without getting stuck in bottlenecks. Others have said this will make MMT's DEX more competitive, as it combines Bitlayer's Bitcoin expertise with Sui's low-cost execution. Indeed, I think this perspective is valid – previous BTCFi projects often struggled with gas fees and security on Ethereum or other chains, but now, with Sui's parallel processing capability combined with Bitlayer's BitVM, transactions can flow as smoothly as drinking water.
From a broader perspective, the impact of this collaboration on the entire ecosystem is worth exploring. First, for users, this means more opportunities. Bitcoin holders are no longer just 'hoarders'; they can earn yields through the yBTC.b pool while enjoying Sui's high throughput. For example, in the past, if you wanted to play with Bitcoin in DeFi, you had to go through a big detour, but now with direct bridging, you can participate in lending or farming, with potential APY reaching double digits (of course, risks must be weighed by oneself).
#Bitlayer
#MMTFinance
The core of this collaboration is actually quite simple: Bitlayer provides yBTC.b (a derivative that wraps Bitcoin), while MMTFinance opens a yBTC.b – wBTC pool on its platform, allowing users to seamlessly engage in liquidity mining and trading on Sui. But don’t underestimate this 'simplicity'; the logic behind it is quite profound. Imagine, the trillions of liquidity in Bitcoin, which has been trapped on the native chain, is now directly injected into Sui's DeFi ecosystem through Bitlayer's bridge. This is not just about increasing liquidity; it also opens up a new avenue for BTCFi. Some insiders have already started discussing this, and I saw someone mention that it feels like a 'secure pipeline' has been built on Sui, allowing Bitcoin funds to flow efficiently without getting stuck in bottlenecks. Others have said this will make MMT's DEX more competitive, as it combines Bitlayer's Bitcoin expertise with Sui's low-cost execution. Indeed, I think this perspective is valid – previous BTCFi projects often struggled with gas fees and security on Ethereum or other chains, but now, with Sui's parallel processing capability combined with Bitlayer's BitVM, transactions can flow as smoothly as drinking water.
From a broader perspective, the impact of this collaboration on the entire ecosystem is worth exploring. First, for users, this means more opportunities. Bitcoin holders are no longer just 'hoarders'; they can earn yields through the yBTC.b pool while enjoying Sui's high throughput. For example, in the past, if you wanted to play with Bitcoin in DeFi, you had to go through a big detour, but now with direct bridging, you can participate in lending or farming, with potential APY reaching double digits (of course, risks must be weighed by oneself).
#Bitlayer
#MMTFinance
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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