Lombard Discusses DeFi Expansion on Sui Network Based on LBTC... Collaborates with Aftermath and NAVX Protocol

# Lombard Hosts Engaging Second Session of Twitter Spaces Series The second session of Lombard's Twitter Spaces series took place on March 10, featuring discussions on DeFi applications within the Sui network with LBTC (Lombard Bitcoin), Aftermath, and Navi Protocol. Participants shared strategies for expanding LBTC-based liquidity on the Sui network and leveraging various DeFi opportunities for revenue generation. # LBTC Thrives in Sui Network, Boosting Liquidity LBTC, a token that maximizes Bitcoin's on-chain utility, is being integrated into various blockchain networks by Lombard. The introduction of LBTC into the Sui network has rapidly gained traction, with approximately 200 LBTC (valued at around $200,000) entering the network within a day of its launch. Jacob, co-founder of Lombard, highlighted, "With LBTC being actively used in the Sui network, on-chain financial services utilizing BTC are expanding beyond traditional Bitcoin Layer 2 solutions into new dimensions." He added, "We will closely collaborate with key DeFi protocols to maximize LBTC’s utility in the Sui network." # Aftermath and Navi Protocol Reveal DeFi Strategies Using LBTC The adoption of LBTC is driving the expansion of DeFi applications in the Sui network. Aftermath and Navi Protocol presented their strategies for derivatives and liquidity provision based on LBTC. ## Navi Protocol: A Hub for Sui Network Liquidity Karl, BD Lead at Navi Protocol, stated, "As the main liquidity layer of Sui, Navi Protocol will maximize the utility of LBTC. We will support users to stake LBTC and utilize various DeFi strategies through lending." Additionally, Navi Protocol plans to streamline asset transfers between EVM, Solana, and Sui networks with its cross-chain aggregator feature. ## Aftermath: Activating the BTC-Based Perpetuals Market RTX, co-founder of Aftermath, emphasized, "BTC is the most crucial digital asset, and reliable BTC collateral is essential for the DeFi market." Aftermath aims to enhance BTC utility by offering on-chain perpetual derivatives and liquidity pools based on LBTC. It is anticipated that using LBTC as collateral will further energize BTC-based derivative trading. # Accelerating DeFi Innovation with LBTC and Sui Network Participants in the session stressed the impact of combining the technological excellence of Sui network and LBTC in the DeFi ecosystem. RTX noted, "Thanks to Sui network's on-chain verification system and scalability, more efficient and faster DeFi strategies can be implemented compared to existing blockchains." Karl added, "The conjunction of on-chain registration of LBTC and Sui’s fast transaction capabilities will create an environment where users can execute smoother DeFi strategies." # Expecting Continued Growth of LBTC-Based DeFi Ecosystem In the concluding segment, future developments of the Sui DeFi ecosystem utilizing LBTC were discussed. Navi Protocol announced plans to introduce a BTC-backed Insurance Fund and new DeFi strategies by Q2. Aftermath revealed plans to launch LBTC-backed derivatives and new meta-stable products. Lombard emphasized that high-yield DeFi products leveraging LBTC are rapidly emerging on the Sui network and are experiencing swift growth. The Twitter Spaces session underscored that new DeFi opportunities leveraging LBTC on the Sui network are thriving, supporting BTC holders in utilizing diverse DeFi strategies beyond mere asset holding. Lombard plans to continue integrating and collaborating to build a robust DeFi infrastructure for LBTC on the Sui network and other blockchains.