Volo is the leading liquid staking platform on Sui and is proud to announce the launch of Volo wBTC Vault, a decentralized finance product that will unlock the liquidity in Bitcoin in the Sui ecosystem. This product brings together liquidity in NAVI Protocol and wBTC to enable users single-command DeFi strategies via Sui, enabling new DeFi yields without requiring end users to create new wallets.
This launch increases the reputation of Sui as a leading Bitcoin DeFi Layer as it already has more than 1,000 BTC of liquidity to be used on the Sui blockchain. The collaboration with NAVI lending pools will give its users access to sophisticated financial opportunities such as automatic maximization of yields and leverage without the common cryptic jargon. Volo is designed with the user in mind which makes DeFi as easy as it is potent.
With the ever-increasing popularity of the field of finance that uses Bitcoin technology, new vaults within Volo allow users to maximize the potential of the wBTCs they have. The project also more establishes Sui as an enterprise-grade DeFi platform that supports both fast performance with security.
Volo has already become another essential building block in the DeFi infrastructure that Sui has. Its vSUI liquid staking token presently has a total value locked (TVL) of fifty million dollars. Audits by well-known companies such as Ottersec, Movebit, and Hacken provide the excellent quality of security and trustworthiness of the platform.
“BTCfifi on Sui transforms Bitcoin from a static asset into a dynamic, programmable force, unlocking unparalleled opportunities for users,” says Ben Liu, Volo lead.
NAVI Labs incubated Volo with top investors such as OKX Ventures, Hashed and dao5. The project has helped users stake their SUI tokens maintaining liquidity where users with broad access can use decentralized finance.
BTCfifi the movement, Bitcoin DeFi on Sui, has taken the ecosystem a big step forward. Bitcoin liquidity now accounts well over 10% of Sui TVL and definitively positions Sui as a “purple” Bitcoin DeFi Layer. Sui features fast, low-cost, signature-verified transactions, rapid validator-based infrastructure, and security without decreasing decentralization because of its native bridge.
The wBTC Vault provided by Volo connects the $1.6 trillion Bitcoin market with an expanding universe of decentralized applications. The product will give clients the ability to use BTC in high gain strategies that are not to be managed manually giving all levels of users advance accessibility.
“NAVI’s scalable infrastructure makes it the ideal home for BTCfifi, enabling Volo to deliver intuitive, high-yield solutions that empower every user,” says Elliscope Fang, NAVI co-founder.
Volo intends to capitalise on this and has a strategy of increasing its vault offering. The roadmap features the addition of other kinds of BTC derivatives, alternative versions of Bitcoin, stablecoins, and a couple other types of altcoins- all to enhance access to capital and ease of use in the DeFi realm.
About Volo
Volo is a liquid staking multi-asset protocol that aims at unlocking the full utility of Sui blockchain. It provides vSUI, a liquid staking token to enable people to gain staking rewards without sacrificing liquidity of tokens.
The Volo Hub is a product suite that aims to scale up DeFi usage through the use of accessible and secure financial products, such as liquid voloSUI tokens as well as cross-asset staking products coming to the market later.
Volo with a mission to bridge liquidity/usability allows people to stake SUI and remain active in DeFi markets.
