Sui enables Bitcoin re-staking via SatLayer integration
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2024-12-23 03:32 7,818
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Golden Finance reports that Bitcoin re-staking platform SatLayer announced on Wednesday that it will expand the use of Bitcoin in decentralized finance to the fast layer 1 blockchain Sui launched last year.
SatLayer said in a statement that as Sui focuses on fast transaction speeds, SatLayer's integration will allow developers to leverage Bitcoin's $2.1 trillion market size to build DeFi applications that are designed to exclude third parties. Outside of trading in areas such as trading and lending.