Threshold Network and Sui have announced a significant integration of tBTC, heralding a new phase for the decentralized financial ecosystem of Bitcoin. This collaboration promises to enhance access and interaction with Bitcoin in a Web3 environment.
tBTC on Sui: Key Advantages
With the integration of tBTC on the Sui platform, users gain access to over $500 million in Bitcoin liquidity. This solution brings users benefits such as:
- Transaction completion in 400 milliseconds. - Low fees for moving Bitcoin between protocols. - No reliance on centralized custodians.
Connecting to the Sui Ecosystem
tBTC is now available across several Sui-native protocols, including Bluefin, Bucket, AlphaLend, and AlphaFi, allowing users to trade, lend, and engage in advanced DeFi strategies. As part of this connection, Wormhole serves as the key interoperability provider, simplifying the use of Bitcoin DeFi across various platforms.
Three-Month Support Strategy
To support the launch of tBTC on Sui, a three-month campaign is planned, including protocol-level developer support and ecosystem-wide activations. This initiative aims at long-term adoption and includes limited-time incentives on certain Sui protocols.
The integration of tBTC on the Sui platform represents a significant step forward in Bitcoin DeFi development, providing accessibility and new opportunities for users seeking more efficient and secure transactions.
