Gold-based DeFi project Creek launches mainnet on Sui

Gold-based DeFi project Creek Finance has launched its mainnet on the Sui blockchain, the project announced on its official X account. Creek utilizes the gold-pegged token XAUm from real-world asset (RWA) firm Matrixdock to offer users services such as staking, yield farming, and lending. In a related statement, the Sui team noted that the launch enables its network users to borrow, swap, and earn interest using tokenized physical gold as collateral, activating what it described as a new yield-generating layer for gold on the platform.