Babylon Labs and Lombard Protocol jointly announced a strategic initiative to integrate Bitcoin with Sui, the Layer 1 blockchain and smart contract platform, which aims to onboard Bitcoin liquidity to the Sui ecosystem, growing the decentralized finance ecosystem with LBTC as a collateral asset.

As of December, Bitcoin holders will be able to stake BTC via the Babylon staking protocol and receive LBTC natively minted on Sui, the liquid staking token from Lombard Protocol. LBTC will become a core asset in Sui’s DeFi ecosystem, enabling lending, borrowing and trading to unlock Bitcoin’s $1.8 trillion USD worth of liquidity on Sui.