Little Penguin Notes | Sui DeFi x Gold

Last year we knew there was $XAUm (Matrixdock tokenized gold) that could be used for collateral on NAVI/Suilend, AlphaFi yields, and trading on Cetus/Turbos. Recently, the Slush wallet also launched the DeFi strategy for $XAUm on Volo.

Digital gold on Sui has more applications.

Currently, the overall market value of tokenized gold has just surpassed $6B, and Wintermute predicts it will reach $15B by the end of the year. In the past, gold could only be held; now it can "work" in DeFi. Sui has also made a significant step towards expanding into real-world assets.🐧