Demex Daily #308: SatLayer Brings Bitcoin Restaking to Sui Blockchain

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SatLayer, a Bitcoin restaking platform, has integrated with the Sui blockchain to allow developers to leverage Bitcoin's security for decentralized applications (dApps) on Sui’s fast layer-1 network. This collaboration aims to enhance decentralized finance (DeFi) by using Bitcoin’s $2.1 trillion market value. SatLayer is also deployed on Babylon, a platform that provides security to proof-of-stake networks and offers rewards for locking up Bitcoin. Babylon has committed over $6 billion in Bitcoin so far. SatLayer’s integration brings programmability and slashing features to Babylon’s staking protocol, expanding its use beyond proof-of-stake networks.

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A proposal is underway to onboard sUSDe as collateral for World Liberty Financial’s (WLFI) Aave v3 instance, aiming to boost the platform's growth by leveraging Ethena's ecosystem. sUSDe’s integration would enhance stablecoin deposit utilization, attract new users, and improve lending rates on WLFI by benefiting from Ethena’s growing TVL and liquidity. The Ethena Foundation has pledged to co-incentivize deposits through rewards, while WLFI users would also receive WLF token rewards. The proposal seeks approval for sUSDe’s use in WLFI’s instance and potential activation of Aave E-Mode.

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