Sui launches a new gold RWA DeFi application, supporting on-chain lending and yield generation
ChainCatcher reports that the Sui Network ecosystem is welcoming new real-world asset (RWA) application expansion, as Creek Finance announced the launch of its core protocol on Sui mainnet and integration of Matrixdock’s gold token XAUm.
The protocol enables users to split, collateralize, lend, trade, and generate yield from tokenized physical gold on-chain, achieving DeFi-based operations around gold assets. XAUm is backed 1:1 by physical gold and verified through third-party audits and on-chain reserve proof mechanisms.
Creek Finance stated that this launch marks the official completion of its core contract deployment, allowing users to implement leverage and yield strategies based on gold assets in a permissionless environment, further expanding RWA application scenarios within DeFi.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Can a $20 monthly Siri subscription turn Apple (AAPL.US) into a "money-printing machine"? Analyst: It may generate 24 billions in annual revenue, with smart home contributing less than 1%.
Gene Munster, managing partner at Deepwater Asset Management, stated that Apple’s (AAPL.US) newly launched smart home product is expected to contribute slightly less than 1% to revenue in fiscal year 2027.
Liberty Global Says VodafoneZiggo Tower Sale Cleared by EU Commission
Crypto prices
More
