The Sui Foundation has announced its support for three liquidity staking protocols and their respective liquidity staking tokens (LSTs) in the Sui ecosystem. The foundation plans to provide 25 million SUI (approximately $16.3 million) to expand liquidity in Sui-based DeFi and strengthen LST liquidity for use in swaps and other DeFi activities. This move aims to incentivize SUI owners to participate in liquidity staking and contribute to the growth of the ecosystem. 🌐💼🪙 #DEFI #CryptoEcosystem #SUI
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