Lorenzo Protocol and Cetus Protocol have formed a strategic partnership to integrate the stBTC token on the Sui Network. This collaboration aims to increase Bitcoin liquidity on the network by promoting the use of stBTC. BTC holders on the Sui network will be able to stake Bitcoin and mint stBTC, which can be used as a primary financial instrument on the network for lending, borrowing, and trading Bitcoin products. The partnership is part of the effort to expand the decentralized finance ecosystem and tap into the untapped potential of the Bitcoin market. The goal is to allow Bitcoin holders to earn diversified returns and engage in various financial activities similar to other cryptocurrencies like Ethereum.



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