SatLayer Joins Efforts with Sui to Elevate Bitcoin Staking in Decentralized Finance

SatLayer is excited to announce its strategic collaboration with Sui, aiming to introduce Bitcoin’s liquidity and security to the Sui Ecosystem. This alliance strives to unleash Bitcoin ($BTC) staking to integrate advanced staking along with innovative DeFi applications. The access period starting today, providing a dynamic deposit opportunity to users. In this early access, the participants will get 3x Sats rewards by depositing LBTC through Lombard.

SatLayer, a protocol for Bitcoin restaking and liquidity, has announced this advanced move through its official X account. The other ally, Sui, is a high-speed and decentralized blockchain network. This collaboration is mainly aimed at elevating Bitcoin’s role in decentralized finance (DeFi) through $BTC restaking and enhanced liquidity inside DeFi operations

SatLayer to Unveil the Potential of Bitcoin ($BTC)

Through this collaboration, SatLayer’s smart contracts, which are supported by Babylon Chain, allow Bitcoin’s restaking on Sui. This advanced step enables Bitcoin ($BTC) assets to assure programmable slashing conditions. Through this approach, the participants can stake $BTC and protect the network. The partnership between SatLayer and Sui aims to open new doors for developers to leverage Bitcoin ($BTC) as a core asset while creating groundbreaking applications.

Lombard to Integrate LBTC on Sui

Lombard has unleashed Liquid-Staking Bitcoin Token (LBTC) on Sui. This remarkable move is Lombard’s first-ever collaboration with a non-EVM blockchain to further solidify Bitcoin’s position in DeFi. Through this innovation, the participants, by depositing $BTC, can mint LBTC to utilize them across multiple DeFi platforms. Moreover, the DeFi Vault of Lombard aims to strengthen LBTC, WBTC, and cbBTC. The platform further strives to launch LBTCv tokens to allow users to stake and optimize yields while enhancing liquidity.

SatLayer and Lombard, by integrating into the Sui Network, are set to redefine Bitcoin’s reputation in DeFi. These platforms aim to create a link between Bitcoin’s security and the ever-evolving DeFi landscape. With the gaining traction of Bitcoin staking, early adopters can benefit from first-mover advantages, BTCFi innovation along extra rewards.