Suilend Launches SpringSui to Revolutionize Liquid Staking on Sui Network

Quick Summary:

Suilend, a DeFi lending and borrowing platform, has announced the launch of SpringSui, a new standard for liquid staking tokens (LSTs) on the Sui network.

The introduction of Spring SUI (sSUI), the first LST under this new framework, is part of this standard.

Suilend created sSUI, the first token used with this framework, to showcase the potential of SIP-33.

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Article Details

Author / Journalist: Shanawaz

Category: Crypto

Markets: United Arab Emirates

Topics: Blockchain Blockchain News Web3

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 12:00:00 (14 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 577 words

Reading Time: 4 minutes read

Sentences: 33 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 23350350

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 6 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 13 hours ago

Coverage Areas: United Arab Emirates

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Publisher ID: #125

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