Sui Launched Liquid Staking Function

Mysten Labs' Layer 1 blockchain Sui Network's latest network upgrade has added support for liquid staking of its native token.

Sui said, unlike other networks, such as Lido issuing the derivative and "determining" where staked tokens are delegated, Sui allows users to stake their original tokens with the validator of their choice, rather than "relinquishing this responsibility to the liquid staking protocol."

Sui, a Layer 1 blockchain in competition with other networks like Solana, Aptos and Sei, was developed by Mysten Labs and launched on mainnet in May. Mysten Labs was founded in 2021 by former Meta executives.