Jan 22, 2025
How to Liquid Stake BTC with Lombard: A Step by Step Guide to Mint LBTC
Guides · 5 Minute Read · Written by Kamil Zawieja
TL;DR:
- Lombard introduces Bitcoin to DeFi, creating LBTC, a yield-bearing, cross-chain, liquid token backed 1:1 by BTC.
- Lombard is already live on Ethereum, users can stake native BTC and mint LBTC via the Stake App.
- How to stake BTC with Lombard & mint LBTC in a nutshell:
Step 1: Navigate to the Bitcoin Staking App.
Step 2: Connect your Bitcoin wallet and link your destination wallet on Ethereum.
Step 3: Enter your desired amount of BTC and the transaction fee.
Step 4: Click “Stake” and confirm the transaction in your wallet.
Step 5: Wait 6 blockchain confirmations after which LBTC is automatically minted and available in the Staking Terminal