Lombard wakes Bitcoin up from lying flat!
The Bitcoin project I talked about last night has been revealed! That's what @Lombard_Finance is talking about! We all know that Bitcoin is the heaviest asset in crypto. With a total market capitalization of more than 1.5 trillion, on-chain activity is relatively silent, it is like a boulder, stable, resistant to fighting, but always lying quietly there.
That's right! Bitcoin was not originally designed to participate in a complex financial system. But here's the problem! Its value is huge, but it does not participate, does not flow, and does not generate any on-chain positive feedback~ At this time, Lombard appeared!
That's what Lombard wanted to solve!
How do you turn this original value stone into an asset that can participate in the modern DeFi system?
The first thing they did was launch LBTC! A liquid staking Bitcoin asset built on Babylon with security as the bottom! The biggest difference between it and traditional wBTC is; It's not a centralized minting, it's not just a mapping, but it really participates in the PoS secure network, and at the same time, you can freely participate in DeFi while obtaining native income!
To put it simply:
The BTC in your hand can finally enter a new usage scenario without having to sit for ashes or sell it for USDC, just through LBTC; Participate in security, earn income, enter DeFi and not lose the core attributes of BTC!
This is just the starting point. What they care more about is that if even 10% of the BTC market value starts to move like this, the TVL of the entire on-chain ecosystem will directly double! That's Lombard's vision, to provide liquidity to Bitcoin without forgetting to secure the native asset!
#KaitoYap @KaitoAI @JacobPPhillips #Yap #BTC $BTC
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