Lombard & Katana: Why did they form a partnership?
Within Katana, Lombard has gained the exclusive ability to issue 2 BTC tokens. Exclusive.
Lombard has become the sole issuer of tokenized BTC on Katana.
Thus, they have issued two Wrapped $btc tokens.
1. $BTCK 2. $LBTC
These are not just simple tokens; they are the core infrastructure of Katana.
Katana serves as a financial/payment central hub within the larger ecosystem called Agglayer, which is connected to numerous app-specific chains (L2).
IoTeX, Sentient, Moonveil, etc...
This means that to use Bitcoin everywhere in this ecosystem, you must use either LBTC or BTCK.
In other words, Lombard is not just a project linked to Katana,
but plays a foundational infrastructure role in enabling the use of BTC within this ecosystem, effectively making it semi-mandatory.
Lombard aims to deposit the BTC of its users into the central hub of Katana and later set up a base that allows their assets to be automatically utilized across dozens of L2s that connect to it, generating profits.
Conclusion: Lombard is trying to become the BTC infrastructure standard of the Web3 era. It's like the concept of a Tesla Supercharger, right?
The creation of infrastructure that contributes to ensuring liquidity does not dry up always has a bright outlook. The problem lies not in the infrastructure but always in the dApps...
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