🚀 Sui Public Chain Joins Hands with Bitlayer to Open a New Era of Bitcoin DeFi
Bitlayer has established deep cooperation with the high-performance public chain Sui, utilizing BitVM's secure cross-chain bridge to launch the pegged asset Peg-BTC (YBTC), achieving the first full-scene deployment of Bitcoin in a heterogeneous ecosystem. Holders can directly participate in staking, leveraged trading, and other operations within the Sui ecosystem while earning an annualized return of 15%+. The assets steadily appreciate in value.
In terms of technology, the BitVM Bridge adopts a "off-chain computation + on-chain fraud proof" solution, bidding farewell to traditional multi-signature custody and realizing cross-chain asset operations with minimal trust. The main advantages include:
Zero pre-collateral: No need to lock assets in advance, exchange speed increased by about 3 times
Lightning network support: YBTC transfers take only 2 seconds, with fees as low as $0.01
Wide compatibility: Already integrated with 32 core DeFi protocols in the Sui ecosystem, covering lending (Aura Finance), decentralized exchanges (MystSwap), NFT markets (SuiNFT), and more
Adeniyi Abiodun, Chief Product Officer of Sui, stated: "With the help of Bitlayer technology, Bitcoin has truly come 'alive.' Bitcoin assets now account for about 10% of the total locked value (TVL) in the ecosystem, and it is expected to rise to 25% by the end of the year."
💡 Summary: The collaboration between Bitlayer and Sui transforms Bitcoin from a passive asset to an asset usable across the entire ecosystem, injecting new vitality into the trillion-dollar DeFi market.
