Sui Enables Bitcoin Staking with Babylon

What’s Happening
In December, Sui will let Bitcoin holders stake BTC through Babylon, a Bitcoin Layer 2 network. Users can mint LBTC, a liquid staking token by Lombard Protocol, for DeFi activities like lending and trading.

Tapping Bitcoin’s Liquidity
This initiative brings Bitcoin’s $1.8 trillion liquidity into Sui’s ecosystem, positioning LBTC as a vital part of its DeFi growth.

Infrastructure in Progress
Blockchain firm Cubist is building the tools to bridge and stake Bitcoin securely on Sui, ensuring users can join DeFi without risking their funds.

Bitcoin LSTs Gain Traction
Liquid staking tokens (LSTs) like LBTC allow Bitcoin holders to earn rewards while keeping liquidity. With $4.5 billion in TVL across the market, Lombard’s LBTC is one of the leading options.

Sui’s Rising Status
Launched in 2023, Sui has rapidly grown, boasting $1.4 billion in TVL. Its high-performance apps have earned it comparisons to Solana.

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