Suilend launches SpringSui to enhance liquid staking and yield opportunities on Sui Network, introducing the new token Spring SUI (sSUI) and protocol updates SIP-31 and SIP-33 🌐

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Suilend has launched SpringSui to accelerate liquid staking and yield opportunities on the Sui Network.

Unlike traditional finance, DeFi allows users quick and easy access to capital. Suilend, a leading DeFi platform, has introduced SpringSui—a new standard for liquid staking tokens (LST) on the Sui network.

The launch of Spring SUI (sSUI) enables users to stake SUI and receive tokens representing their staked assets for use on other DeFi platforms. This standard is based on protocol improvements SIP-31 and SIP-33, which make staking tokens more compatible and secure.

Suilend’s founder, Rooter, believes SpringSui will usher in a new era of liquid staking on Sui. Mysten Labs' CTO, Sam Blackshear, added that these updates will significantly enhance staking security and accessibility.

Suilend has also provided the SpringSui source code to Sui developers to facilitate the integration and development of LST solutions within the ecosystem.

This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.

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