BTCfi on Sui: A Better Way to Use Bitcoin

Bitcoin has long been known as a passive store of value, but on Sui, it’s becoming something more. Through a growing set of BTC-backed assets and composable protocols, users can now move BTC throughout Sui’s ecosystem and put it to work.

This involvement of BTC-backed assets into DeFi, referred to as BTCfi, turns Bitcoin into a liquid, programmable asset on Sui able to push the boundaries of Bitcoin utility. With native support from DeepBook and a wide array of protocols already integrating BTC-backed assets, Sui is quickly becoming one of the most versatile environments for BTCfi in Web3.

What can you do with BTC on Sui?

Rather than sitting idle, BTC on Sui can be traded, staked, lent, leveraged, or used in complex strategies all through composable, high-performance protocols. Here’s a list of current protocols within Sui’s BTCfi ecosystem and the supported BTC-backed assets for each:

Trade and LP

Sui’s DeFi ecosystem has several options for those looking to trade and provide liquidity. Leveraging DeepBook as a DeFi primitive, BTC-backed assets on Sui can be traded or pooled fast, cheap, and with minimal slippage. 

• 7k – DEX aggregator supporting limit orders and dollar cost averaging (DCA) strategies
  • wBTC, LBTC, tBTC, WBTC, xBTC
• Aftermath – Leverages multi-asset Constant Function Market Maker (CFMM) pools, providing features such as DCA strategies and limit orders along with LP opportunities
  • wBTC, LBTC, tBTC, WBTC, xBTC
• Cetus – DEX platform offering limit orders, DCA strategies, and LP opportunities
  • wBTC, LBTC, stBTC, WBTC, xBTC
• FlowX – DEX Aggregator supporting limit orders, time-weighted average price (TWAP) execution strategies
  • wBTC, LBTC, stBTC, tBTC, WBTC, xBTC
• Magma – DEX platform and aggregator developing a unique Adaptive Liquidity Market Maker (ALMM) pool model
  • wBTC, LBTC, stBTC, WBTC
• Momentum – DEX platform with LP opportunities leveraging CLMM pools
  • wBTC, LBTC, stBTC, WBTC, xBTC
• Steamm – Superfluid AMM utilizing three types of pricing curves with a direct integration to SuiLend
  • wBTC, LBTC, WBTC, xBTC
• Turbos – CLMM-based DEX supporting limit orders along with providing LP opportunities
  • wBTC, LBTC, stBTC, WBTC, xBTC

Gain exposure to perps and options

BTC-backed assets can be utilized in more advanced financial instruments, including perpetuals and structured products.

• Bluefin – Onchain spot exchange, DEX aggregator, and perpetuals market with LP and lending and borrowing opportunities
  • wBTC, LBTC, stBTC, tBTC, WBTC, xBTC
• Typus – Decentralized derivatives platform offering users the ability to deposit assets and earn options premiums
  • xBTC

Lend, borrow, or leverage BTC

BTC-backed assets can serve as collateral or capital in lending protocols and leveraged strategies.

• AlphaLend – Lending platform powered by AlphaFi
  • wBTC, LBTC, tBTC
• Bucket Protocol – Lending and leverage protocol offering tools to amplify exposure to specific assets
  • wBTC, LBTC, tBTC, xBTC
• Kai Finance – Yield strategy protocol offering automated, auto-compounding vaults and LP opportunities
  • wBTC, LBTC
• Navi – Lending platform offering support for a wide variety of BTC-backed assets
  • wBTC, LBTC, stBTC, WBTC, xBTC
• SuiLend – Lending platform and DEX aggregator with ties to Steamm
  • wBTC, LBTC, WBTC, xBTC

Put BTC to work in vaults and strategy pools

For users looking to do more than lend or LP, several protocols offer structured strategies and vaults designed to help optimize BTC-backed assets for yield, liquidity, or points.

• AlphaFi – Yield aggregator protocol with ties to AlphaLend
  • wBTC, LBTC, WBTC
• Haedal – Protocol offering vault strategies autocompounding LP rewards
  • LBTC
• Lotus Finance – Vault and liquidity strategy protocol offering structured participation strategies for BTC-backed assets
  • LBTC
• Metastable – Staking protocol where users can deposit BTC-backed assets to mint and stake mBTC and earn mPoints
  • wBTC, LBTC, WBTC, xBTC

Powered by DeepBook

A core piece of Sui’s DeFi stack, enabling more powerful BTCfi DeepBook, Sui’s native onchain central-limit order book. It provides shared liquidity infrastructure for all protocols, making BTC-backed assets highly tradable with strong price discovery and minimal fragmentation. This shared layer is what allows multiple protocols to build seamlessly around the same assets, ensuring liquidity isn’t trapped in silos and that innovative protocols aren’t struggling to bootstrap liquidity.

Unlocking Bitcoin’s potential

Whether you’re a trader, LP, point farmer, or developer, BTC on Sui offers something few chains can match: deep composability, multiple asset formats, and real onchain utility. From highly decentralized options like tBTC to liquid staking derivatives like LBTC and stBTC, Sui gives users the ability to choose their trust model and do more with their Bitcoin than ever before.

Note: This content is for general educational and informational purposes only and should not be construed or relied upon as an endorsement or recommendation to buy, sell, or hold any asset, investment or financial product and does not constitute financial, legal, or tax advice.