LBTC Major Upgrade Part 1
For those who are not yet familiar with LBTC, let me repeat:
LBTC is an institutional-grade yield-bearing Bitcoin, 100% backed by BTC, and can be seamlessly integrated into DeFi!
Starting next Monday, LBTC holders will automatically receive approximately 1% annualized yield in BTC, sourced from staking the underlying BTC in Babylon's Bitcoin staking protocol. This means:
※ You can also participate in DeFi
※ Continuously grow your BTC balance
※ Your Bitcoin still enjoys the potential for price appreciation
Some anticipated changes:
※ Continuous increase in LBTC value
The value of LBTC relative to BTC will gradually increase. There is no need to claim rewards or new tokens; the yield is directly reflected in LBTC itself.
※ Fully liquid
From August 11, LBTC can earn BTC yield while also being used as collateral for lending or LP. Everything is done automatically, with no action required.
※ Higher capital efficiency
The native yield of LBTC can offset borrowing interest, making lending costs lower and strategies more diverse.
※ More BTC deposits and withdrawals
When redeeming LBTC, you will receive more BTC than you initially deposited. All yields are paid in BTC, not altcoins or synthetic rewards.
※ Institutional-grade compatibility
Institutional investors can earn BTC yield without increasing operational complexity or compliance risks. There is no need to deal with token issuance or claiming logic; just enjoy the yield.
#KaitoYap @KaitoAI @JacobPPhillips @Lombard_Finance #Yap
Mark your calendars: August 11
LBTC officially starts accruing BTC yield.
This upgrade isn’t just technical, it changes how BTC works for you.
From cheaper stablecoin borrows to simpler treasury management and more BTC out than you put in, here are 10 things to expect...
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