Sui Network has launched BTCfi, a new framework aimed at integrating Bitcoin into decentralized finance (DeFi) ecosystems without changing its fundamental design. BTCfi is designed to enable Bitcoin to earn yield, support stablecoins, and power DeFi products by utilizing Sui’s parallel execution and Move framework, which promises faster, scalable, and secure transactions. This initiative seeks to unlock trillions in idle Bitcoin liquidity by facilitating staking, lending, and liquidity provision, all while preserving Bitcoin’s security and structure.
Sui Network Introduces BTCfi to Integrate Bitcoin into DeFi
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