Hashi, the Bitcoin finance infrastructure built by Sui, will start a phased mainnet launch later this month with over $500 million in committed capital. Anchorage Digital has joined the launch coalition, giving institutional clients access to Hashi through qualified custody and self-custody infrastructure.
Frequently Asked Questions
FAQs Suis Hashi Bitcoin Finance Network Launch
Beginner Questions
What is Hashi
Hashi is a Bitcoin finance network built on Sui a fast Layer 1 blockchain It lets you use Bitcoin in DeFi apps like lending borrowing and earning yield
What does over 500 million committed mean
It means users and institutions have locked in more than 500 million worth of assets to use on Hashi at launch Thats a strong sign of early interest and trust
Why would I use Bitcoin on Hashi instead of just holding it
Holding Bitcoin earns nothing On Hashi you can put it to work earn interest use it as collateral for loans or trade while still gaining Bitcoin exposure
Do I need to sell my Bitcoin to use Hashi
No You deposit Bitcoin into the network and keep your exposure Youre using it not selling it
Is Hashi safe
No system is riskfree Hashi uses smart contracts and bridges which carry risks like bugs or exploits The 500M commitment shows confidence but you should only deposit what you can afford to lose
What is Sui
Sui is a fast lowcost blockchain Hashi runs on top of it using Suis speed and cheap fees to make Bitcoinbased DeFi practical
Intermediate Questions
How does Bitcoin actually get onto Hashi
Bitcoin is typically bridged or wrapped locked on the Bitcoin side and a corresponding token is issued on Sui that you can use in Hashis apps The exact mechanism depends on Hashis design
What can I actually do with my Bitcoin on Hashi
Common use cases include lending it out for yield borrowing stablecoins against it providing liquidity to trading pools and using it in other Sui DeFi protocols
What fees should I expect
Youll usually pay a bridge fee to move Bitcoin inout Sui network gas and protocol fees on whatever app you use Always check rates before depositing
What are the main risks
Bridge risk smart contract bugs liquidation risk if you borrow against your Bitcoin and market