TL;DR: Lorenzo Protocol has partnered with Cetus, the leading DEX and liquidity protocol on Sui Network, to integrate $stBTC, the first yield-bearing BTC token on Sui. This partnership enhances BTC liquidity within the Move ecosystem, providing new DeFi opportunities for stBTC holders. Start trading now at Swap on Cetus.
We’re thrilled to announce our strategic partnership with Cetus, a pioneer DEX and concentrated liquidity protocol on Sui. This collaboration marks an exciting milestone as we integrate $stBTC with the platform, making it the first yield-bearing BTC token in the Sui ecosystem. By combining Lorenzo Protocol’s innovative liquid staking with Cetus’s superior trading infrastructure, we aim to supercharge the adoption of BTC liquidity in the Move ecosystem and unlock new opportunities for DeFi users.
Enhancing DeFi With stBTC And Cetus
Cetus, the leading DEX in the Move ecosystem, is celebrated for its innovative approach to liquidity. Its concentrated liquidity protocol is designed to maximize efficiency while delivering seamless trading experiences to users. By building a flexible and robust liquidity network, Cetus supports a diverse range of assets and use cases. Additionally, its permissionless architecture ensures adaptability, empowering users, developers, and applications to leverage its protocols with ease.
Through this partnership:
Integration of $stBTC on Cetus
$stBTC, Lorenzo Protocol’s Babylon liquid staking token, is now available on the Cetus platform. This integration introduces BTC liquidity into the broader Sui DeFi ecosystem, making it easier for users to trade, hold, and earn yields with BTC assets. Cetus will provide deep liquidity pools for stBTC to ensure low-slippage, high-efficiency trading, attracting more BTC holders to the Move ecosystem through diverse trading pairs.
Enhanced BTC Liquidity on Sui
With stBTC available on Cetus, BTC holders can now access a growing network of DeFi applications on Sui. This integration expands BTC’s role in the Move ecosystem, bridging Bitcoin liquidity into new and dynamic markets.
Incentives for stBTC Adoption
Lorenzo Protocol will incentivize the adoption of stBTC by encouraging users to purchase, hold, and utilize the token on the Sui Network.
Ready to get started? Access stBTC on Cetus now:
A New Era of BTC Liquidity on Sui
This partnership represents a significant step forward in enhancing BTC’s liquidity within the Sui ecosystem and the Move ecosystem at large. With Cetus’s robust trading infrastructure and Lorenzo Protocol’s yield-bearing innovation, stBTC holders can now benefit from a more dynamic DeFi experience. Together, Lorenzo Protocol and Cetus are advancing the boundaries of Bitcoin’s utility, unlocking new possibilities for users across the Sui Network.
Stay connected for more updates as we continue to expand BTC liquidity and integrations across the Move ecosystem!
About Lorenzo Protocol
Lorenzo Protocol is the Bitcoin liquidity layer, offering breakthrough Bitcoin financial instruments to advance BTC savings performance and triumph in the booming Bitcoin DeFi landscape. Powered by a breakthrough decentralized token economy comprising enzoBTC (wrapped BTC standard), stBTC (staking receipt token), and yield-bearing tokens, Lorenzo distributes on-chain Bitcoin liquidity across DeFi, empowering depositors with premier yield opportunities. For creators of Bitcoin financial products, Lorenzo provides seamless access to liquidity through a global network of market makers, trading venues, and liquidity providers.
Backed by Binance Labs, Lorenzo has accumulated over $300 million in TVL and safeguards assets with institutional-grade solutions and an in-house team of cybersecurity experts. All Lorenzo LSTs are minted on BNB Chain, ensuring a secure and reliable experience for Bitcoin holders.
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