Volo, a prominent player in the liquid staking space on the Sui network, has launched the Volo wBTC Vault, a decentralized finance (DeFi) product aimed at enhancing Bitcoin liquidity within the Sui ecosystem. This initiative utilizes wrapped Bitcoin (wBTC) and integrates with NAVI Protocol’s extensive liquidity pools to provide users with seamless access to high-yield DeFi strategies.
The Volo wBTC Vault is already making an impact, with over 1,000 BTC in liquidity currently available on Sui. This development reinforces Sui’s growing reputation as a DeFi Layer for Bitcoin. By partnering with NAVI Protocol, Volo ensures that users can easily access lucrative opportunities with minimal barriers. The platform offers sophisticated DeFi strategies, including automated yield optimization and leveraged positions, all through a user-friendly one-click interface.
As interest in Bitcoin-backed financial products increases, Volo’s innovative vaults empower users to maximize the utility of wBTC. This launch represents a significant advancement in Sui’s mission to become a central hub for DeFi, providing users with new ways to interact with Bitcoin in a secure and high-performance environment. Volo has already established itself as a foundational component of Sui’s DeFi landscape, with its liquid staking token, vSUI, achieving a total value locked (TVL) of $50 million.
Security and reliability are paramount for Volo. The platform has undergone rigorous audits by respected firms including Ottersec, Movebit, and Hacken to ensure user funds are protected. “BTCfifi on Sui transforms Bitcoin from a static asset into a dynamic, programmable force, unlocking unparalleled opportunities for users,” said Ben Liu, Volo’s lead.
The company, incubated by NAVI Labs and backed by investments from OKX Ventures, Hashed, and dao5, has provided users with the ability to stake SUI while maintaining liquidity. This approach has enabled millions to engage in DeFi activities. The emergence of BTCfifi has driven Sui’s progress, with more than 10% of its TVL now represented by BTC liquidity.
Sui’s native bridge and validator-secured architecture enhance its capabilities as a leading Layer for Bitcoin, offering quick and cost-effective transactions without sacrificing decentralization. Volo’s wBTC Vaults are well-aligned with this vision, allowing users to tap into Bitcoin’s substantial market, currently valued at $1.6 trillion, for DeFi applications.
“NAVI’s scalable infrastructure makes it the ideal home for BTCfifi, enabling Volo to deliver intuitive, high-yield solutions that empower every user,” commented Elliscope Fang, co-founder of NAVI.
Looking ahead, Volo plans to broaden its vault offerings to include a diverse range of BTC derivatives, additional BTC variants, stablecoins, and altcoins, all aimed at enhancing user capital efficiency and overall DeFi experience. This expansion underscores Volo’s commitment to innovation within the rapidly evolving DeFi landscape.
