Fudthepug, a popular meme project on the SUI blockchain, last week launched a liquid staking token (LST), fudSUI.
fudSUI is a meme LST based on the Fudthepug project that lets users access their staked SUI tokens while earning rewards. The approach is novel in that memecoins don’t usually have utility beyond speculating on an internet trend, personality or joke.
The token currently trades at $3.20 and has a market cap of $799,000.
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#undefined [Source: TheDefiant]