Tuesday, November 26, 2024
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Read on! | | 24h Hot Searches Worldwide 🔥 | | Bitcoin flows to Sui 💦
Bitcoin staking protocols Babylon and Lombard are looking to introduce liquid-staked BTC to the Sui ecosystem.
As per their recent announcement, users on the Sui Layer-1 will be able to stake their Bitcoin on the Bayblon Layer-2 to mint Lombard's liquid-staked LBTC token, starting from December onwards.
This allows BTC holders on Sui to do more with their holdings across various existing dApps on the network by utilizing LBTC as collateral.
Blockchain development firm Cubist will be in charge of handling the infrastructure for minting and staking BTC on Sui.
Lending protocols on Sui, such as NAVI, have already planned to integrate LBTC into their list of supported assets.
However, it's worth noting that although users are staking their BTC on Lombard, the protocol has yet to distribute any staking yield to LBTC holders. | | | Join us as we unpack Bitcoin staking with Babylon! Learn how this protocol plans to use Bitcoin to secure other PoS networks and earn yield. | | | Better frames for a better shot 📷 Following the successful launch of Frames on the Farcaster client, Warpcast, the platform is now getting ready to release the latest version of the feature in the coming year.
The founder of Farcaster, Dan Romero, provided further details on the coming upgrade on X, which includes a new standard that is capable of handling more complex interactions.
He added that Frames V2 will allow builders to trigger actions using the Frames SDK, with improved speed and stability for executing transactions.
This new format for Frames will launch on November 27, while the completed version is expected to launch by February 2025. | | |
You can now bridge assets from BSC to Alephium and explore the growing Alephium ecosystem. | | | In Other News... Crisis Averted. Memecoin launchpad Pump.fun quickly suspends their livestreaming feature indefinitely. The livestreaming feature was disabled after users started abusing it by livestreaming abusive and self-harm content.
It's a Bird, It's a Plane, It's Justin Sun! Famed crypto billionaire Justin Sun acquired $30M worth of Donald Trump's World Liberty Financial, WLFI tokens. With this purchase, World Liberty Financial's initial token offering comes to a close.
Official Peanut and Fred Memecoin. Mark Longo, the owner of the two pets whose tragic deaths caused a public outcry, has launched his own token, JUSTICE. Longo has criticised the crypto community for launching their own tokens, profiting from his personal trauma.
Phantom Adds Base Support. The popular Solana wallet Phantom now supports the highly popular Ethereum layer 2, Base.
Base Layer 2 Hits $10B TVL Milestone. Ethereum layer-2 network Base has just hit a record 106.26 transactions per second (TPS). Base has now overtaken Optimism and is now the 2nd largest Ethereum layer 2 by TVL.
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