In the Web3 space, the recent collaboration between Sui, SUIG, and Ethena has attracted widespread attention. This three-party alliance cleverly combines elements of Crypto Assets, stocks, and stablecoin to build a promising upward cycle mechanism.

For Sui, this cooperative model brings dual advantages. On one hand, the introduction of stablecoin is expected to enhance its Total Value Locked (TVL); on the other hand, the continuous purchase of Sui by SUIG will also have a positive impact on it.

SUIG benefits greatly in this ecosystem. With the support of suiUSDe, SUIG can gain more actual returns, which can be used for stock dividends or to increase Sui's reserves to enhance the company's net assets.

Ethena leverages Sui's infrastructure to provide a better user experience and more efficient circulation channels for its stablecoin.

This cooperation model is somewhat similar to the stock repurchase strategy in traditional financial markets. Taking technology giants as an example, when a company repurchases its stocks, the circulating share capital decreases, the earnings per share (EPS) increases, thereby enhancing the market attractiveness of the stock. In this process, bond financing is often used to provide funding support for stock repurchases.

In the collaboration between Sui, SUIG, and Ethena, we can see similar mechanisms: SUIG continuously buys and locks SUI coins in the market, which effectively reduces the circulation; at the same time, Ethena provides stablecoin support for the ecosystem, similar to providing funding support for traditional stock buybacks through bond financing.

It is worth mentioning that the founder of Sui worked for many years at a well-known technology company and was deeply influenced by its corporate culture. This may explain why Sui is able to so adeptly transplant the successful strategies of traditional finance into the Web3 ecosystem.

This innovative cooperation model demonstrates how Web3 projects can draw on the successful experiences of traditional finance while fully leveraging the unique advantages of blockchain technology. It not only creates synergies for all participating parties but also provides new ideas and possibilities for the development of the entire Web3 ecosystem.