@lunarcascadex
Threshold Network, the decentralized protocol behind the Bitcoin-backed asset tBTC, announced alongside Layer 1 blockchain Sui Network the launch of Phase 2 of their tBTC integration, enabling new bridges and expanding opportunities for Bitcoin use in decentralized finance (DeFi).
For years, Bitcoin, the largest cryptocurrency, has largely remained idle as “digital gold.” On Sui, however, tBTC and other BTCFi ecosystem deployments have introduced new avenues for Bitcoin liquidity, fostering active adoption across various financial instruments. On Alphalend, a lending protocol on Sui, users supplied over $10 million in tBTC, with nearly half borrowed, demonstrating strong demand for Bitcoin-based credit markets. Additionally, liquidity pools and lending markets contributed more than $2.8
0 reply
0 recast
0 reaction