The post Sui Taps Stacks For The Future Of Bitcoin DeFi appeared on BitcoinEthereumNews.com.

Sui, a high-speed Layer 1 blockchain, has declared its exclusive support for Stacks (sBTC), a groundbreaking step for Bitcoin-based DeFi. sBTC is Stacks’ one-to-one asset backed by Bitcoin ($BTC), while Stacks are the smart contracts from Bitcoin Layer 2. This advancement aims to revolutionize $BTC, redefining it into a trustless and productive financial asset from a passive store of value. This synergy strives to offer the growing decentralized finance (DeFi) services to $BTC holders. The integration removes the dependence on centralized custodians, providing services directly on the scalable and composable infrastructure of Sui. Stacks network further allows the Sui Foundation to function as a validator, considering it a part of the partnership.  Sui to Empower Bitcoin DeFi with Speed and Scalability Sui gives access to Bitcoin’s $1.6 trillion liquidity, offering opportunities for decentralized use cases to expand rapidly. These use cases include lending, borrowing, and trading of Bitcoin. Sui is set to build a complete ecosystem of Bitcoin DeFi, marking a significant approach for Bitcoin DeFi (BTCfi). The Co-Founder and CPO of Mysten Labs states, “sBTC on Sui means holders can earn yield, participate in DeFi, and stay true to Bitcoin’s trustless ethos—all on Sui, a blockchain built for performance and scale.” Unleashing Bitcoin’s Liquidity on the High-Speed Sui DeFi Network By the end of 2024, the BTCfi protocols will have a packed value of $6.5 billion, and with this, Bitcoin DeFi demand is increasing. DeFi activity is hindered by Bitcoin’s architecture, so without altering the core of Bitcoin, Stacks aim to unleash the abilities of smart contracts. Now, another layer of utility is added by the high-performance and object-centric blockchain of Sui. Sui is further supported by Move programming and parallel execution to back DEXs to liquid staking, leveraging low-cost and high-speed transactions. Sui Foundation is ranked in the…

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Filed under: News - @ May 2, 2025 2:27 am