Suilend, noncustodial lending/borrowing protocol on Sui (SUI) blockchain, introduces first liquid staking standard on blockchain
Sui-centric DeFi lending and borrowing service Suilend the shared details of the release of SpringSui, a new standard for liquid staking tokens . This standard includes the launch of Spring SUI , the first-ever liquid staking token on Move-based Sui ., a DeFi lending protocol on top of the Sui blockchain, introduces a liquid staking standard for this fast-growing network. Dubbed SpringSui, the standard is set to accelerate LSTFi development on Sui and unlock new options for liquidity management.
I think SpringSui will unlock a new era for liquid staking on Sui. The primary driver of growth for LSTs is leveraged staking, which will be turbocharged by SpringSui. SIP-31 and SIP-33 are significant upgrades to Sui staking. Adding fungibility to staked tokens will improve the interoperability of existing use cases and enable some new ones. The Suilend team has done excellent work on both the theory and engineering behind these improvements.
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