Lorenzo Protocol announces strategic partnership with Cetus and NAVI to bring Bitcoin liquidity to Sui Network

Lorenzo Protocol announced a strategic partnership with Cetus Protocol and NAVI Protocol, and introduced Bitcoin liquidity to Sui Network under the joint promotion of Babylon Labs. At the same time, Lorenzo received full support from Cobo, Ceffu and ChainUp to jointly create a native Bitcoin multi-institutional custody solution that meets the high security standards of the Move ecosystem. At present, Lorenzo has completed the integration of NAVI and Cetus, and stBTC has become the first yield-bearing Bitcoin (Yield-Bearing BTC) on Sui that has been technically integrated. In addition, Lorenzo has officially launched the first event, and users can use stBTC on Cetus and Navi to participate and obtain Lorenzo Points and generous rewards. At the same time, Lorenzo Protocol will soon launch Sui Network native casting stBTC to further expand Bitcoin liquidity and create more profit opportunities for users.