The integration of Sui with SatLayer marks a significant step forward for Bitcoin-based DeFi, enhancing liquidity and security for decentralized applications on the Sui platform.
This system allows decentralized applications to utilize Bitcoin for security and liquidity purposes across various services, including bridges, exchanges, and oracle systems.
Scheduled for December 18, 2024, the integration of SatLayer into Sui aims to implement Bitcoin Validated Services within the Move programming language ecosystem.
The combination of liquid staking tokens and partnerships with protocols like Lombard Finance and Lorenzo Protocol is designed to tap into Bitcoin's nearly $2 trillion liquidity pool.
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