Sui Partners with Babylon Labs to Enable Bitcoin Native Staking

By: blockbeats|2025/04/24 17:45:02

Babylon and Sui Deepen Technical Partnership, Taking Sui-Bitcoin Integration to New Heights.

Bitcoin collateralization protocol developer Babylon Labs and groundbreaking Layer1 public chain Sui (designed for scalability, security, and large-scale applications) today jointly announced that Sui will play a more significant role in Babylon's Bitcoin ecosystem. This upgrade is a further deepening of the integration since the two announced the integration of the Babylon Bitcoin collateralization protocol last year, with Sui formally becoming the Bitcoin Enhancement Network (BEN) on the Babylon protocol.

How Babylon's Bitcoin Collateralization Works on the Sui Network

Bitcoin holders can now, through the Babylon protocol, provide additional security to the Sui network while fully self-custodying their Bitcoin and simultaneously earn staking rewards. This mechanism allows Sui to leverage the collateralized Bitcoin to enhance network security, establish a convenient pathway for participants to enter the Sui ecosystem, and offer unprecedented opportunities for Bitcoin holders to participate in the DeFi space with higher security.

Fisher Yu, Chief Technology Officer of Babylon Labs, said:

"Babylon and Sui are jointly building a cross-chain utility to deepen technical infrastructure, creating more revenue opportunities for Bitcoin holders seeking a more secure DeFi entry point. As the foundational infrastructure layer for Bitcoin, Babylon safeguards the security of decentralized systems through a trustless, self-custody Bitcoin staking mechanism, unlocking Bitcoin's full utility potential. Through the Babylon Bitcoin collateralization protocol, Sui can access the world's largest and most decentralized secure network, opening up new opportunities for Bitcoin holders."

Evan Cheng, Co-Founder and CEO of Mysten Labs, the initial development team of Sui, said:

"Our continued cooperation with Babylon Labs aims to bring Bitcoin's core advantages—scalability, security, and liquidity—into the high-performance DeFi ecosystem. Through this integration, Sui further solidifies its position as the preferred DeFi platform for Bitcoin, enabling Bitcoin holders to more efficiently utilize this asset to create value."

Through integration with Babylon, Sui introduces a new economic paradigm: scalability supported by Bitcoin. The integrated infrastructure will expand Bitcoin's liquidity and security alongside the Sui network, unlocking new applications and decentralized services secured by Bitcoin.

This integration represents a broader transformation in the blockchain industry — $1.5 trillion worth of assets (Bitcoin) have been extended to secure and empower a fast, scalable, programmable blockchain ecosystem (such as Sui). For Bitcoin holders, the Babylon Protocol programmatically enables users to autonomously convert their held assets into a foundational income-generating asset, further extending Bitcoin's utility beyond a store of value and medium of exchange, making it a more active part of the broader digital economy.

About Babylon Labs

Babylon Labs focuses on the Bitcoin security sharing protocol, aiming to build a decentralized world secured by Bitcoin. Babylon Labs' latest development, the world's first global trustless, self-custodial Bitcoin staking protocol, allows holders to stake Bitcoin directly in PoS chains, Layer2 networks, and Data Availability (DA) layers of decentralized systems, earning staking rewards without relying on third-party custody, cross-chain bridges, or wrapping services. This innovation aims to combine Bitcoin's high security and widespread adoption with the efficient scalability of PoS systems, significantly expanding Bitcoin's utility value.

About Sui

Sui is a groundbreaking Layer1 blockchain and smart contract platform, with architecture that has been thoroughly reimagined to enable a fast, private, secure, and inclusive experience of digital asset ownership. Built on the Move programming language's object-centric model, it supports parallel transaction processing, sub-second finality confirmation, and rich on-chain asset capabilities. Through a horizontally scalable computing and storage architecture, Sui provides unparalleled transaction speeds at a low cost for various applications. This leap forward in blockchain technology offers an ideal platform for developers and creators to build the ultimate user experience.

This article is contributed content and does not represent the views of BlockBeats

The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.

Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.

Simplified Trading Experience: No KYC Required, Opening a Position in Five Steps

Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.

The trading process has been streamlined into five steps:

· Choose the trading asset

· Select long or short

· Input position size and leverage

· Confirm order details

· Confirm and open the position

The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.

Social-Native Trading: Strategy and Execution Completed in the Same Context

Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:

· End-to-end encrypted private groups supporting up to 1024 members

· End-to-end encrypted voice communication

· One-click position sharing

· One-click trade copying

On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.

By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.

Referral Mechanism: Non-institutional users can receive up to 60% fee split

Mixin has also introduced a referral incentive system based on trading behavior:

· Users can join with an invite code

· Up to 60% of trading fees as referral rewards

· Incentive mechanism designed for long-term, sustainable earnings

This model aims to drive user-driven network expansion and organic growth.

Self-Custody Architecture and Built-in Privacy Mechanism

Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:

· Separation of transaction account and asset storage

· User full control over assets

· Platform does not custody user funds

· Built-in privacy mechanisms to reduce data exposure

The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.

A New Path for On-Chain Derivatives

Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.

The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.

Regulatory Background

Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.

This model aligns with a statement issued by the U.S. Securities and Exchange Commission (SEC) on April 13, 2026, titled "Staff Statement on Whether Partial User Interface Used in Preparing Cryptocurrency Securities Transactions May Require Broker-Dealer Registration."

The statement indicates that, under the premise where transactions are entirely initiated and controlled by users, non-custodial service providers that offer neutral interfaces may not need to register as broker-dealers or exchanges.

About Mixin

Mixin is a decentralized, self-custodial privacy wallet designed to provide secure and efficient digital asset management services.

Its core capabilities include:

· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations

· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets

· Decentralization: achieving full user control over assets without relying on custodial intermediaries

· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication

Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.

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