Hashi don launch Bitcoin DeFi lending for Sui wit testnet rollout
Hashi don land for Sui blockchain to extend Bitcoin DeFi lending to BTC holders. The protocol wan make users fit earn yield without selling BTC, targeting "unused" Bitcoin liquidity where less than 0.5% of value dey used for DeFi today.
For im first phase, Hashi dey focus on lending: users go put BTC as collateral to borrow stablecoins. The system dem design make assets move cross-chain automatically and get real-time risk dashboards, including interest rates, collateral value, and borrower health.
Rollout go start for testnet, with full mainnet plan targeted for 2026. Backers include BitGo, Bullish, FalconX, Erebor Bank, Ledger, and Fordefi, covering both custody clients and self-custody users.
Hashi dey plan verifiable lending pricing by bringing CF Benchmarks index data on-chain via oracle networks, and e dey use Soter Insure for collateral risk coverage (e.g., theft or loss). For institutional capital formation, Wave Digital talk say dem want issue Bitcoin-backed bonds through Hashi. For the DeFi side, Hashi go integrate with Sui lending apps like AlphaLend, Navi, Scallop, and Suilend using linked BTC/Sui addresses to improve transaction transparency.
Neutral
Hashi wey dem launch for Sui na beta upgrade for Bitcoin DeFi lending — especially as e dey target custody + self-custody access, dey use verifiable pricing (CF Benchmarks via oracles), and e add collateral insurance. Those things fit make people trust am more and reduce friction, wey fit support future TVL growth for Bitcoin DeFi.
But market impact on BTC price likely small for short term. Protocol dey start for testnet and e only plan full mainnet by 2026, so short-term capital fit be small. Also, na more competitive/expansion move inside DeFi rather than direct supply/demand shock to BTC.
Net result: neutral price impact for BTC, with possible medium-to-long-term bullish side if adoption quickens and on-chain lending volumes grow.