NAVI Protocol, in collaboration with OKX, has launched xBTC for lending and borrowing on the Sui blockchain, opening new possibilities in decentralized finance.
Launch of xBTC Supported by OKX
NAVI Protocol has officially announced the launch of xBTC for lending and borrowing on the Sui blockchain, supported by OKX's infrastructure. This partnership unlocks bitcoin-backed assets in the DeFi sector on Sui, combining traditional financial principles with modern blockchain technologies.
Predictions for TVL Increase on Sui
With the launch of xBTC and incentivized borrowing pools, a significant increase in liquidity on the Sui network is expected. Analysts predict that this will strengthen Sui's position in DeFi and activate bitcoin-related activities on the blockchain.
Prospects for xBTC Based on Precedents
Recent successes within Sui's ecosystem, including BTC-backed projects such as BTCfi, provide a promising foundation for xBTC's integration. The platform promises to continue growth and stability in token launches.
The launch of xBTC on Sui, supported by NAVI Protocol and OKX, represents a significant step in the development of decentralized finance on the platform, which may lead to increased user engagement and strengthen Sui's position in this segment.
