The Sui Network, a Layer 1 blockchain known for its object-centric data model, announced the launch of a new feature that enables liquid staking as part of its latest network upgrade. This functionality is aimed at supporting liquid staking applications while maintaining the diversity of validators within the network.
A Community-Driven Upgrade
The upgrade is a response to the demands of the Sui community and reflects the network’s commitment to community-driven development. The changes were implemented through Sui Improvement Proposal (SIP) #6, formulated by a proactive team within the community. The approval of SIP #6 by the community was a crucial step in launching this feature on the Sui network.
How Liquid Staking Works on Sui
Unlike other networks that rely on third-party liquid staking protocols, Sui’s approach keeps two aspects of the liquid staking process distinct. The first part involves a third-party Move package…
