Sui Teams Up with Babylon Labs to Enable Bitcoin Native Staking

Babylon and Sui deepen technical collaboration, taking Sui's integration with Bitcoin to new heights.

Bitcoin staking protocol developer Babylon Labs and groundbreaking Layer1 blockchain Sui (designed for scalability, security, and mass adoption) today announced a joint effort where Sui will play a more significant role in Babylon's Bitcoin ecosystem. This upgrade builds upon their integration announced last year, and Sui will officially become the Bitcoin Enhancing Network (BEN) on the Babylon protocol.

How Babylon's Bitcoin Staking Operates on the Sui Network

Bitcoin holders can now stake their Bitcoin through the Babylon protocol while maintaining full custody of their assets, providing additional security to the Sui network and earning staking rewards simultaneously. This mechanism allows Sui to leverage Bitcoin staking to enhance network security and offers participants a convenient pathway into the Sui ecosystem. It also presents unprecedented opportunities for Bitcoin holders, enabling them to participate in DeFi with heightened security.

Fisher Yu, Chief Technology Officer of Babylon Labs, stated:

"Babylon and Sui are collaboratively building a deeper cross-chain utility to create more earning opportunities for Bitcoin holders seeking a safer entry into DeFi. As the infrastructure layer for Bitcoin, Babylon secures decentralized systems through a trustless, self-custody Bitcoin staking mechanism to unlock Bitcoin's full utility potential. Through the Babylon Bitcoin Staking Protocol, Sui gains access to the world's largest and most decentralized secure network, opening up new opportunities for Bitcoin holders."

Evan Cheng, Co-Founder and CEO of Mysten Labs, the initial development team of Sui, expressed:

"Our ongoing collaboration with Babylon Labs aims to bring Bitcoin's core advantages – scalability, security, and liquidity – into the high-performance DeFi ecosystem. Through this integration, Sui further solidifies its position as the premier Bitcoin DeFi platform, allowing Bitcoin holders to efficiently leverage their assets to create value."

Through the integration with Babylon, Sui introduces a new economic paradigm supported by Bitcoin's scalability. The integrated infrastructure will expand Bitcoin's liquidity and security alongside the Sui network, unlocking new applications and decentralized services secured by Bitcoin.

This integration represents a broader transformation in the blockchain industry—$1.5 trillion worth of assets (Bitcoin) has been expanded to secure and empower a fast, scalable, programmable blockchain ecosystem (such as Sui). For Bitcoin holders, the Babylon Protocol programmatically allows users to autonomously transform their held assets into a foundational source of yield, further extending Bitcoin's utility beyond store of value and medium of exchange functions, making it a more pervasive part of the digital economy.

About Babylon Labs

Babylon Labs focuses on a Bitcoin-backed security-sharing protocol, aiming to build a decentralized world secured by Bitcoin. The latest innovation from Babylon Labs, the world's first global trustless, self-custodial Bitcoin staking protocol, allows holders to directly stake Bitcoin in decentralized systems such as PoS chains, Layer2 networks, and the Data Availability (DA) layer, enabling staking rewards without relying on third-party custody, cross-chain bridges, or wrapping services. This innovation aims to combine Bitcoin's high security and widespread adoption with the efficient scalability of PoS systems, significantly expanding Bitcoin's utility value.

About Sui

Sui is a groundbreaking Layer1 blockchain and smart contract platform, with an architecture that has been thoroughly redesigned to enable a fast, private, secure, and inclusive experience of digital asset ownership. Based on the Move programming language's object-centric model, it supports parallel transaction processing, sub-second finality, and rich on-chain asset capabilities. Through its horizontally scalable computing and storage architecture, Sui offers unparalleled transaction speeds at low cost for various applications. This leap in blockchain technology provides an ideal platform for developers and creators to build the ultimate user experience.

This article is contributed content and does not represent the views of BlockBeats