Sui Community Passed A Proposal To Enable Liquid Staking

SUI community passed the Sui Improvement Proposal (SIP) #6 to enable liquid staking. The proposal enables Sui token holders to engage in staking their tokens. The upgrade will allow wrapped tokens to be transferrable and can be traded. The new upgrade also enable Sui token holders to delegate their tokens to validators that they support.

Sui is the 83^rd largest crypto by market cap. It has a market cap of $442 million and a fully diluted market cap of $6.1 billion. Sui’s TVL is $13.96 million.