Sui Network now supports tBTC minting, allowing Bitcoin holders to seamlessly access DeFi tools like lending and trading natively.
The integration leverages threshold cryptography and offers fast L1 performance, enhancing decentralized Bitcoin utility on Sui.
tBTC availability on Sui eliminates the need for BTC owners to pay expensive gas fees or deal with asset bridging, enabling easier participation in DeFi activities like trading, lending, borrowing, and yield farming.
Sui's recent security enhancements, such as investing in security after the Cetus Protocol hack and introducing new authentication features like zkAt and zkAt+, demonstrate a commitment to privacy and trust-building in the DeFi ecosystem.