Lombard has publicly launched LBTC, a “cross-chain, yield-bearing Bitcoin token designed for DeFi use.” In keeping with the workforce: “The launch follows a profitable personal beta that attracted greater than $165 million in deposits from over 600 institutional allocators. LBTC permits customers to stake Bitcoin by means of Babylon and put it to use throughout numerous DeFi protocols. Preliminary integrations embrace main DeFi protocols reminiscent of Symbiotic, Morpho, Pendle, Corn, Gauntlet, Derive, EtherFi and Gearbox.”
