Using Lombard to YOUR advantage.
It's easy, I found a strategy you should definitely try.
Here's the full breakdown.🧵👇
🔮 What is @Lombard_Finance?
• Lombard is a decentralized protocol unlocking the value of idle BTC by bridging it into the DeFi world.
• Their core product, LBTC, is a liquid, yield-generating Bitcoin derivative built using Babylon (BTC staking) and Bacon (BTC securitization layer)
• join here:
🔮 Points
• Lombard has its own system of Lombard Lux points that you farm for holding $LBTC
🔮 How to get $LBTC
You can both mint and exchange just on @MMTFinance
• Go to:
• Click 'LBTC on SUI'
• Enter the amount you want
• You’ll receive a BTC address send exactly that amount of BTC to the address provided
• You’ll receive your tokens after about 5–10 minutes
An easier way
• Go to:
• Click 'Trade'
• Swap to $LBTC
🔮 Lombard X Navi
• At this point, you can farm 3x points and also on the Navi itself, farm 2.7% Supply APR.
🔮 What is @navi_protocol?
• Navi is a decentralized liquidity protocol built natively on the Sui blockchain, designed for lending, borrowing, and liquidity staking.
1) Supply $LBTC
• Navigate to:
• Choose $LBTC Pool
• Click 'Supply'
• Enter amount
• Click 'Supply'
are you using DeFi / BTCFi on @SuiNetwork
74
13.49K
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.