Suilend, a DeFi platform on Sui, has released SpringSui, a framework for liquid staking tokens (LSTs), along with its first implementation, Spring SUI (sSUI). The launch comes as Sui's liquid staking adoption lags behind other major networks, with only 1.18% of tokens in LSTs compared to 6.6% on Solana and 41% on Ethereum. SpringSui builds upon two protocol upgrades, SIP-31 and SIP-33, which introduce new token standards for LSTs. The framework allows users to stake SUI and receive tokens representing their staked assets, which can be utilized across DeFi platforms. The technical implementation includes an instant unstaking feature, which addresses depegging risks in LST-backed collateral. This feature could help mitigate a common concern in liquid staking protocols where token values can diverge from their underlying assets. Industry participants have shown interest in adopting the standard. Aftermath Finance, a leading LST provider on Sui, has committed to implementing SpringSui. Studio Mirai plans to explore community-driven LSTs using the framework. The SpringSui standard has been open-sourced, allowing any Sui developer to build upon it. Suilend plans to launch a platform enabling users to create and manage their own LSTs with customizable fee structures. The introduction of SpringSui could address several challenges in Sui's DeFi ecosystem. The low LST adoption rate suggests untapped potential for growth, and standardization could help accelerate development. The instant unstaking feature tackles a critical risk factor in liquid staking protocols. The open-source approach and support from established projects indicate potential for ecosystem-wide adoption. However, success will depend on market conditions, user adoption, and the ability to maintain security as usage scales. The timing aligns with broader trends in DeFi, where liquid staking has become increasingly important for capital efficiency. As proof-of-stake networks mature, standards like SpringSui could play a crucial role in developing robust DeFi infrastructure. For context, Sui is competing in a market where Ethereum dominates liquid staking with products like Lido. SpringSui's technical innovations and focus on risk mitigation could help differentiate Sui's LST ecosystem, though reaching similar adoption levels will require sustained development and user engagement. Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Suilend , a DeFi platform on Sui, has released SpringSui, a framework for liquid staking tokens (LSTs), along with its first implementation, Spring SUI (sSUI). The launch comes as Sui's liquid staking adoption lags behind other major networks, with only 1.18% of tokens in LSTs compared to 6.6% on Solana and 41% on Ethereum. Suilend SpringSui builds upon two protocol upgrades, SIP-31 and SIP-33, which introduce new token standards for LSTs. The framework allows users to stake SUI and receive tokens representing their staked assets, which can be utilized across DeFi platforms. The technical implementation includes an instant unstaking feature, which addresses depegging risks in LST-backed collateral. This feature could help mitigate a common concern in liquid staking protocols where token values can diverge from their underlying assets. Industry participants have shown interest in adopting the standard. Aftermath Finance, a leading LST provider on Sui, has committed to implementing SpringSui. Studio Mirai plans to explore community-driven LSTs using the framework. The SpringSui standard has been open-sourced, allowing any Sui developer to build upon it. Suilend plans to launch a platform enabling users to create and manage their own LSTs with customizable fee structures. The introduction of SpringSui could address several challenges in Sui's DeFi ecosystem. The low LST adoption rate suggests untapped potential for growth, and standardization could help accelerate development. The instant unstaking feature tackles a critical risk factor in liquid staking protocols. The open-source approach and support from established projects indicate potential for ecosystem-wide adoption. However, success will depend on market conditions, user adoption, and the ability to maintain security as usage scales. The timing aligns with broader trends in DeFi, where liquid staking has become increasingly important for capital efficiency. As proof-of-stake networks mature, standards like SpringSui could play a crucial role in developing robust DeFi infrastructure. For context, Sui is competing in a market where Ethereum dominates liquid staking with products like Lido. SpringSui's technical innovations and focus on risk mitigation could help differentiate Sui's LST ecosystem, though reaching similar adoption levels will require sustained development and user engagement. Don’t forget to like and share the story! Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program. HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Vested Interest Disclosure: This author is an independent contributor publishing via our business blogging program . HackerNoon has reviewed the report for quality, but the claims herein belong to the author. #DYOR Vested Interest Disclosure: business blogging program business blogging program

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Suilend Introduces New Liquid Staking Standard on Sui Network

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