Mike S
Mike S
BTC-USDT
BTC+0.17%
SUI-USDT
SUI-5.20%
$BTC is showing a growing decoupling trend from the stock market indices and further reinforcing its distinctive Digital Gold narrative. Decoupling also means investors will look for more diversification and attractive yield options in #BTCFi (Bitcoin DeFi). And @babylonlabs_io has recently locked down @SuiNetwork to become a Bitcoin Secured Network (BSN). Large sum for #BTCFi. Let's talk about it 🧵
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Babylon
Babylon
Sui is becoming a Bitcoin Secured Network (BSN) on the Babylon protocol, expanding its BTCfi reach. Babylon and @SuiNetwork deepen technical ties expanding Sui’s growing connection with Bitcoin into the next frontier. Read the full article 👉
It doesn't feel entirely out of nowhere! Sui has ramped up BTC exposure on their chain since Q1 this year, integrating with $wBTC $lbtc, $stBTC. They are committed to tapping into that $1.5 T+ liquidity and making BTC usable with DeFi.
Sui
Sui
We've always said that Sui was meant for BTCfi — and you all seem to agree! 10% of Sui's TVL is now made up of BTC assets, including wBTC, LBTC, and stBTC!
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