The Rise and Significance of BTCFi and Lombard The concept of BTCFi has been around for several years, and I have been observing it, but the number of projects that have truly emerged is quite limited. However, the recent performance of Lombard has impressed me. 1. Core Innovations and Data Performance of Lombard and LBTC The data speaks for itself: LBTC surpassed $1 billion in TVL within 92 days, becoming the fastest-growing yield token in history. The current circulating supply is close to $2 billion, covering 12 mainstream public chains. This is not just a simple packaging of assets; it truly addresses the pain points of Bitcoin holders. We all know that Bitcoin sitting in a wallet is "dead money," but we also do not want to bear the opportunity cost of selling. LBTC directly resolves this contradiction—1:1 pegged to native BTC, while earning approximately 1% annual yield through staking via the Babylon protocol, with returns still denominated in BTC. The key factor here is...
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