Odaily News: The latest network upgrade of Sui has added support for the liquidity staking of its native token. Sui said, "This upgrade will enable developers to provide services that allow token holders to earn derivative tokens in proportion to the value of their Sui tokens. Sui developers will now be able to offer fully non-custodial liquidity staking solutions." Sui will no longer rely on third-party liquidity staking protocols.



The latest feature added to the network supports the functionality of a liquidity staking Dapp while maintaining validator diversity.



According to information on Github, Sui has released mainnet version 1.6.3. The upgrade includes the addition of linter warnings, the ability to choose to ignore linter warnings, warnings no longer blocking tests from running, the addition of a new filter called TransactionKindIn, and linter encouragement for developers to return objects from functions. Additionally, this version also includes the liquidity staking feature update proposed in SIP-6, suggesting that full nodes should complete the update as soon as possible to avoid service disruptions. (The Block)



As previously reported, on July 27, Sui announced on its official website that the Sui testnet now supports liquidity staking. After all compatibility tests are completed, this feature will be added to the mainnet in the next upgrade.



Sui stated that this upgrade was completed through SIP-6. Prior to this, when stakeholders of the Sui network completed staking, they would receive a wrapped asset representing their stake, but this asset was not tradable. This means that a portion of the staked tokens was effectively removed from circulation. However, after the upgrade, this wrapped token can be freely transferred and traded, allowing developers to provide liquidity staking services and create more DeFi applications based on it.