Sep 06, 2024
LBTC: A New Era of DeFi Powered by Lombard’s Liquid Staked Bitcoin
Research · 7 Minute Read · Written by Adam Campbell, Kamil Zawieja
TL;DR:
- Bitcoin liquid staking is emerging as a major opportunity to deploy BTC in DeFi, driven by protocols like Lombard, built on Babylon.
- Lombard's liquid staking token (LBTC) allows BTC holders to earn yield in DeFi while keeping their BTC liquid, cross-chain, and secure.
- Lombard has seen strong growth, with $250M in BTC deposits since launch.
- LBTC's integration with multiple DeFi platforms (Uniswap, Gearbox, Pendle, etc.) highlights its potential to transform BTC into a yield-generating asset in DeFi.