Lombard: Emerging as Core Liquidity in BTC-Fi @Lombard_Finance is establishing itself as a foundational layer, aiming to make Bitcoin a central asset in DeFi ecosystems Let's dive in 🧵

1 - Lombard’s Core Development Strategy Lombard’s strategy revolves around three primary pillars ↓ ➛ Mass Adoption of LBTC in Cross-Chain DeFi LBTC, a yield-bearing Bitcoin, allows BTC to engage in DeFi apps like lending, farming, and trading across multiple blockchains ➛ Early Support Liquidity for Ecosystems via Vault Strategies LBTC is in auto-compounding vaults, enhancing capital efficiency and encouraging long-term liquidity ➛ Key Finality Provider for @babyloneco Lombard crucially supports @babylonlabs_io's Bitcoin staking, bolstering economic finality and security with efficient BTC capital use

2 - Unlocking Bitcoin Across Blockchains Lombard Now Holds 15,700 BTC in Reserve, valued at $1.6B Lombard has issued LBTC across 9 different blockchain ecosystems, utilizing three distinct minting/reserve mechanisms: ➛ Native with Chainlink: Ethereum, Base, BNB Chain, Katana Bridging is to Lombard Protocol's security standards, requiring both the Security Consortium and Chainlink CCIP to approve all bridging transactions. ➛ Lock-to-Mint Mechanism: Babylon, Berachain, Sonic Bridging is possible in a limited-capacity. Liquidity is locked on the source chain like Ethereum ➛ Canonical Bridge: BOB, Sui Bridging is possible via a third-party only LBTC Ownership Types ↓ • Lombard Protocol: LBTC contracts are owned and fully upgradable by Lombard. Full integration with native BTC staking and bridging. • Community: LBTC deployed by the chain itself. Early access only, not yet fully integrated with Lombard’s staking or Security Consortium. • Third-Party: LBTC deployed by an external project. No direct connection to Lombard’s protocol or staking infrastructure → Thanks to its flexible minting mechanisms, LBTC has become the #1 Bitcoin LST in terms of DeFi coverage. It provides yield-bearing Bitcoin across multiple blockchain ecosystems, enabling BTC to be actively used in DeFi strategies such as lending, liquidity provision, and restaking PoR:

4 - Boost BTC Yield with Vault Strategies The Vaults are built using the @veda_labs and @ConcreteXYZ infrastructure, protocols that tokenize and simplify access to native yields for DeFi users. As an early contributor, Lombard consistently supports liquidity for new emerging chains, including @berachain, @TacBuild, and now is @katana. Deposit LBTC and other BTC LSTs into the vault to receive LBTCv, a token that tracks your share of the vault’s value (principal + yield + rewards). LBTCv updates hourly and earns you Lombard Lux 4x, Veda Points 3x, Babylon Points 1x, Concrete 4-5x, Sonic 2x-4x, Turtle 1x, 15M KAT and Bera BGT. The vault uses your BTC to earn yield via ↓ • Liquidity on Uniswap, Curve • Lending on Gearbox, Morpho • Yield trading on Pendle → Rewards are auto-compounded, boosting your position. The vault uses many DeFi strategies to earn yield, so it doesn't rely on just one. This helps lower risk and increase potential returns.

5 - LBTC Leads as Key Finality Provider on @babylonlabs_io Lombard’s Finality Providers now dominate 38% of Babylon’s Bitcoin staking, playing a critical role in securing both the Babylon Genesis chain and the growing network of Bitcoin Secured Networks. → When you hold $LBTC, the underlying BTC is automatically staked to Babylon. You earn $BABY tokens as yield simply by holding. A total of 59M BABY is reserved for LBTC holders. Flexible Yield Options ↓ • Hold your BABY • Claim to your wallet • Swap it for more LBTC and compound your position → Unclaimed BABY is re-distributed to recent LBTC holders after 3 months LBTC holders will benefit from stacked yields across multiple networks.

6 - The Mindshift: DeFi → Think LBTC For years, when people thought of Ethereum staking, they thought of stETH and stETH became the core DeFi asset for Ethereum. Now, when people think of Bitcoin in DeFi, they’re starting to think of LBTC. LBTC is following a similar path for Bitcoin but with multi-chain reach and broader utility. For a long time, WBTC was the de facto Bitcoin token in DeFi but it has clear limitations: • No Yield • No Points Meta • Centralized Custody • Limited Cross Chains WBTC was built for liquidity. LBTC is built for capital efficiency. With LBTC, Bitcoin is no longer passive. It is liquid, productive, composable, and multi-chain. Strategic Thesis ↓ • Has potential to become the #1 BTCfi primitive • Designed for long-term capital efficiency across chains • LBTC = stETH-level utility + cross-chain liquidity + point-driven rewards

7 - Lombard CTs watchlist Highly recommend following these CTs for Lombard’s latest insights: ▸ @JacobPPhillips ▸ @Maksym_Web3 ▸ @0xCheeezzyyyy ▸ @ProofOfTravis ▸ @Eugene_Bulltime ▸ @dudu_bitcoin ▸ @theadvisorbtc ▸ @0x_xifeng ▸ @_SirJoey ▸ @defi_mago ▸ @DoggfatherCrew ▸ @marvellousdefi_