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SUI Group Expands Strategic Partnership with Bluefin, Adding 4 Million SUI Loan to Support DeFi Ecosystem
Odaily Planet Daily reported that NASDAQ-listed SUI Group Holdings Limited announced the expansion of its strategic lending partnership with Bluefin, a decentralized exchange on the Sui ecosystem. According to the revised digital currency loan agreement, SUI Group will lend an additional 4 million SUI to Bluefin, bringing the total loan size to 6 million SUI. At the same time, the company has increased the revenue sharing ratio from the original 5% to 11%, payable in SUI. The new funds will be used to support Bluefin's participation in the financing transaction for Bluewater's acquisition of Suilend, the latter being the largest lending and DeFi platform on the Sui blockchain. (Businesswire)
Suilend Responds to Volo Security Incident: Platform Operating Normally, User Funds Secure
Odaily News SuiLend posted on the X platform stating that all platform functions are currently operating normally, including deposits, lending, withdrawals, and repayments, and user funds remain unaffected. Simultaneously, the team is closely monitoring the progress of the previous Volo Protocol security incident and will continue to provide subsequent updates.
Related news
Bluefin Completes Acquisition of Suilend; Zabi to Serve as Suilend’s CEO
Bluefin announced the completion of its acquisition of Suilend, with Bluefin’s founder Zabi assuming the role of CEO at Suilend to drive its next phase of growth. According to the announcement, Suilend will continue operating as an independent platform, retaining its brand identity, community, and product roadmap; Bluefin will likewise maintain its independent development path, and no product integration between the two entities is planned.
SUI Group Expands Strategic Partnership with Bluefin, Adding 4 Million SUI Loan to Support DeFi Ecosystem
Odaily Planet Daily reported that NASDAQ-listed SUI Group Holdings Limited announced the expansion of its strategic lending partnership with Bluefin, a decentralized exchange on the Sui ecosystem. According to the revised digital currency loan agreement, SUI Group will lend an additional 4 million SUI to Bluefin, bringing the total loan size to 6 million SUI. At the same time, the company has increased the revenue sharing ratio from the original 5% to 11%, payable in SUI. The new funds will be used to support Bluefin's participation in the financing transaction for Bluewater's acquisition of Suilend, the latter being the largest lending and DeFi platform on the Sui blockchain. (Businesswire)
Suilend Responds to Volo Security Incident: Platform Operating Normally, User Funds Secure
Odaily News SuiLend posted on the X platform stating that all platform functions are currently operating normally, including deposits, lending, withdrawals, and repayments, and user funds remain unaffected. Simultaneously, the team is closely monitoring the progress of the previous Volo Protocol security incident and will continue to provide subsequent updates.