Lombard’s LBTC and Sui Network Pioneering Bitcoin DeFi Innovation... Collaborates with Cetus, Bluefin, and Turbos

# Lombard Leads DeFi Innovation on SUI Network with LBTC Lombard is spearheading DeFi innovation on the SUI network by leveraging LBTC. A recent Lombard podcast brought together key stakeholders from Cetus, Bluefin, Turbos Finance, and the SUI network to discuss the role of LBTC and the potential for DeFi growth within the SUI ecosystem. # The Significance of LBTC in the SUI Ecosystem Lombard Co-Founder Jacob Hills explained, "LBTC overcomes the limitations of the existing Bitcoin network, offering a more efficient trading environment on SUI." He emphasized, "Previously, building DeFi with Bitcoin required centralized exchanges, but now it can be implemented quickly and cost-effectively on SUI." Turbos Co-Founder Ted added, "BTC holders have been hesitant to participate in DeFi, but with the introduction of LBTC, they can now safely and efficiently use it on SUI." He noted the attractiveness of "earning interest while holding BTC." # Collaboration Among Key Projects for DeFi Expansion Amy, Cetus' Business Development Officer, stated, "Cetus will provide the liquidity infrastructure to ensure LBTC operates stably on SUI." She explained, "Thanks to SUI's transaction speed and parallel processing structure, efficient liquidity provision is possible." Rabille, Co-Founder of Bluefin, noted, "User onboarding is a critical factor in DeFi expansion." He highlighted how "SUI's account abstraction feature and automated liquidity management strategies enhance user accessibility." # BTC Liquidity as a Key Element for SUI DeFi Growth Cynthia, Head of SUI Network, remarked, "BTC is the most trusted digital asset among both institutional and retail investors." She predicted, "In the process of onboarding one billion users and expanding TVL (Total Value Locked) to $10 billion to $30 billion, BTC-based DeFi will play a crucial role." Major DeFi protocols like Turbos, Cetus, and Bluefin are set to introduce various financial products based on LBTC within the SUI ecosystem. Bluefin plans to expand derivatives trading using LBTC as collateral, while Turbos is establishing a strategic liquidity pool with auto-rebalancing features. # The Future of BTC-Based DeFi on SUI Following the introduction of LBTC, approximately 280 BTC (around $22.8 million) has been staked within the SUI ecosystem and is being utilized by various DeFi protocols. Lombard and SUI Network plan to expand financial products that allow both institutional and retail investors to participate safely. Industry insiders forecast, “Simplifying onboarding for BTC holders and adopting automated liquidity strategies are essential for easier DeFi participation.” They added that “SUI’s technological strengths and the collaboration of DeFi protocols will further advance the BTC-based financial ecosystem.”