Sui Foundation announces collaboration with Babylon Labs, Lombard, and Cubist to enable Bitcoin programmability
TechFlow Selected TechFlow Selected
Sui Foundation announces collaboration with Babylon Labs, Lombard, and Cubist to enable Bitcoin programmability
Sui's programmability addresses Bitcoin's limitations in on-chain programmability.
Navigating Web3 tides with focused insights
Key Highlights:
-
BTC holders will soon be able to stake their bitcoin through Babylon’s staking protocol.
-
A co-founder of Lombard stated: The team is building a future that enables BTC holders to participate in on-chain finance without sacrificing security or liquidity.
-
The Head of Ecosystem Development at Cubist said: We are building the infrastructure to bring BTC into the Sui ecosystem, allowing users from all blockchain ecosystems to join Sui and participate in a decentralized ecosystem where BTC plays a key role.
-
NAVI expressed interest in collaborating with Babylon to support LBTC pools within its protocol.
The Sui Foundation has announced a collaboration with Babylon Labs, Lombard, and Cubist to integrate BTC with the Layer 1 blockchain and smart contract platform Sui, bringing Bitcoin liquidity into the Sui ecosystem.
As the largest liquid staking provider on Babylon, LBTC is Lombard’s flagship product. In the future, LBTC will serve as a staked asset to further drive the development of Sui's DeFi ecosystem. This partnership is also expected to attract BTC holders to perform more operations within the Sui ecosystem via LBTC.
Unlocking $1.8 Trillion in Bitcoin Liquidity for the Sui Ecosystem
Through this collaboration, Bitcoin holders will be able to stake BTC via the Babylon staking protocol and receive natively minted LBTC on Sui by December. LBTC will become a core asset in the Sui DeFi ecosystem, enabling BTCFi lending and trading, unlocking $1.8 trillion in liquidity from the Bitcoin ecosystem for Sui.
Regarding this partnership, Fisher Yu, co-founder and CTO of Babylon Labs, said in an article published by International Business Times:
“Babylon is committed to building native use cases for BTC, bringing Bitcoin’s security and liquidity into decentralized systems. We’re excited that Sui has joined this vision and is working with us and our partners to make it a reality.”
Lombard aims to unlock Bitcoin’s potential as a dynamic financial instrument by connecting it with DeFi. As Lombard’s flagship product, LBTC is a yield-bearing, cross-chain, liquid form of Bitcoin, pegged 1:1 to BTC. Currently, over $1 billion worth of LBTC tokens have been minted, with more than half actively used in DeFi applications. These strong on-chain metrics demonstrate that LBTC has passed market tests and highlight the powerful demand for BTC liquidity within the Ethereum ecosystem.
Through this partnership, Lombard’s proven model will now extend to the Sui ecosystem. Jacob Phillips, co-founder of Lombard, said:
“Bitcoin’s $1.8 trillion market cap represents immense untapped potential. We are committed to building a future where Bitcoin holders can fully participate in the next generation of on-chain finance—without compromising on security or liquidity.”
Meanwhile, Cubist is building the infrastructure to bring BTC into the Sui ecosystem. Cubist is a developer tools and infrastructure company that brings modern software engineering practices and top-tier security to web3 builders. In this collaboration, Cubist will provide critical management with the highest levels of security and performance to support efficient deposits, minting, staking, and bridging.
On the partnership, Jameel Khalfan, Head of Ecosystem Development at the Sui Foundation, said:
“Bringing BTC to Sui is a perfect match. Thanks to our collaboration with Babylon, Lombard, and Cubist, users from all blockchain ecosystems can now join Sui and participate in a thriving financial services ecosystem where Bitcoin will play a central role.”
Empowering the Future of DeFi in the Sui Ecosystem
Within the Sui DeFi ecosystem, growing attention is being paid to leveraging the power of BTC. NAVI, one of the leading lending protocols on Sui, has announced plans to collaborate with Lombard to support LBTC pools in its protocol.
Elliscope Fang, CEO of NAVI, said:
“The latest collaboration between Lombard—the largest issuer of liquid-staked Bitcoin—and Cubist will usher in a new revolutionary era for both Sui and Bitcoin. NAVI is thrilled to work alongside Babylon Labs, Lombard, and Cubist to bring the value of Bitcoin staking to Sui DeFi users.”
As a popular Layer 1 blockchain, Sui aims to create an efficient, private, secure, and permissionless environment for digital asset ownership.
One of Sui’s major strengths lies in its powerful programmability and composability, with a vision to “become the primary foundational coordination layer for all digital assets.”
Sui’s programmability overcomes Bitcoin’s limitations in on-chain programmability. Additionally, Sui features horizontally scalable data processing and storage capabilities, supporting large-scale applications at unparalleled speed, enabling low-cost access to digital asset ownership for everyone.
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
Sui Network
