đ¨ANOTHER WIN FOR SUI ENTHUSIATSđ¨
#Sui is establishing itself as the premier Layer 1 blockchain for building a comprehensive Bitcoin-driven decentralized finance (DeFi) ecosystem. In a major milestone, the network will soon integrate #sBTC âa Bitcoin-backed asset from Stacks, a leading Bitcoin Layer 2 solutionâempowering users to participate in DeFi without sacrificing security or relying on centralized custodians. As part of this collaboration, the Sui Foundation will also become a validator on the Stacks network.
By bridging #sBTC to Sui, Bitcoinâs massive $1.6 trillion liquidity pool will unlock novel on-chain opportunities. Holders can now engage in high-performance DeFi activities like lending, borrowing, and trading, all while retaining Bitcoinâs inherent security and trustless nature.
âBitcoin has long been seen as a passive store of value,â said Adeniyi Abiodun, Co-Founder and Chief Product Officer at Mysten Labs, Suiâs original developer. âWith sBTC on Sui, users can activate their BTC holdings to earn yield and participate in DeFiâall without compromising Bitcoinâs core principles. This is about empowering Bitcoin to thrive in the next era of decentralized finance.â
Suiâs scalable infrastructure and focus on composability make it the ideal platform to unlock Bitcoinâs untapped potential in DeFi, blending security, performance, and innovation.
lock in while its still early...$SUI