In 2021 bull market years, DEFI became a thing, and since then everyone wants to have a yield for their digital assets.
Now since there are so many DEFI protocols that have tried and failed to properly execute YIELD FARMING in a proper manner, either because they have scammy founders, or because they mask the idea to excuse yield farming in a decentralized and safe way.
@Lombard finance is one of those protocols, a DEFI protocol that actually allows you to milk yield from digital assets such as BTC.
Why BTC?
Because it's safe.
So in simple terms, Lombard lets you deposit BTC, they turn that into WBTC, then to LBTC by wrapping it.
In this case, the technicality of the process is that WBTC does the transitioning, but LBTC does the yield farming.
You can call LBTC Lombard-BTC, actually that's not what it means, it means Liquid BTC, but this LBTC which is backed by BTC (1:1) is now used as collateral.
Don't worry, you don't lose your BTC because it's still 1:1 and your one BTC is still the same. Then you can either use this LBTC for different purposes:
Farm
Stake
Lend.
Or just earn yield while holding your BTC. The above are other things you can do on Lombard finance. However, if you're a newbie and don't want any complicated stuff, farming yield on Lombard is automated; all you do is deposit, and the mechanism does the trick.
WHY CHOOSE LOMBARD FINANCE?
AUTOMATED, SMART, EASY for NOOBS
LBTC is a formidable force in DEFI or yield farming, hence we can say it's integratable through multiple & cross-chain. From base, Arbitrum, or even SUI. Because it's automated yield farming, you don't have to face the complexity of wrapping.
You allow the mechanism set in place to do the magic. We know that this is a problem in crypto. So protocols like LOMBARD make yield farming as easy as ABC, and all the smart contract writing is taken away.
These mechanisms also integrate DELTA NEUTRAL: whether BTC is going up or down, you still sleep like a king because the mechanism is opening long and short PERPS to cancel any profit or loss and keep you safe.
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