Hashi, a Bitcoin finance protocol, has launched on the Sui blockchain with backing from institutional players BitGo and FalconX. The platform is designed to enable lending, borrowing and yield generation on native Bitcoin through on-chain financial services.
The protocol's launch on Sui represents an expansion of Bitcoin's utility beyond simple holding and trading, targeting the growing market for Bitcoin-based decentralized finance services. Hashi aims to allow users to generate yield on their Bitcoin holdings without converting to other cryptocurrencies.