Lombard has publicly launched LBTC, a “cross-chain, yield-bearing Bitcoin token designed for DeFi use.” In keeping with the crew: “The launch follows a profitable non-public 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 embody main DeFi protocols equivalent to Symbiotic, Morpho, Pendle, Corn, Gauntlet, Derive, EtherFi and Gearbox.”
