Babylon Labs and Lombard Protocol have unveiled a groundbreaking initiative to merge Bitcoin with Sui, the innovative Layer 1 blockchain and smart contract platform. This collaboration is set to enhance Bitcoin liquidity within the Sui ecosystem, bolstering the decentralized finance landscape by utilizing LBTC ($0.00) as a collateral asset. Furthermore, it encourages Bitcoin holders to maximize their assets’ potential through LBTC, which is recognized as the largest liquid staking provider in Babylon.

As of December, Bitcoin holders will be able to stake BTC ($102,361.83) via the Babylon staking protocol and receive LBTC natively minted on Sui, the liquid staking token from Lombard Protocol. LBTC is set to emerge as a f...