Sui Blockchain Project Hashi Aims to Unlock Idle Bitcoin in DeFi

Hashi is a new initiative on the Sui blockchain that seeks to bridge the gap between Bitcoin (BTC) and decentralized finance (DeFi). Currently, most investors hold their BTC, but it's not being utilized in DeFi, with only around 0.22% of its total value being used in this space.

The project is backed by major players such as BitGo, Bullish, and Ledger, which will provide liquidity and infrastructure to make the system work at scale. Hashi uses smart contracts to automatically manage collateral and risk, ensuring a transparent and verifiable process for users.