Symbiotic, Lombard and Chainlink 🤝 @symbioticfi has made a key partnership with Lombard and Chainlink to bring a new 'guarantee layer' for safer cross-chain bridging with $LBTC The integration secures transfers of Lombard Staked Bitcoin (LBTC) across blockchains using Chainlink’s Cross-Chain Interoperability Protocol (CCIP), marking two major industry firsts: the first production deployment of economically secured cross-chain bridging and the first time Chainlink has enabled staking outside its own infrastructure. Why it matters? > Safer bridges for Bitcoin products like $LBTC = more trust from institutions = more liquidity for all of DeFi > New utility use case for $LINK & $BARD as two new vaults are launched. > $BARD holders can now stake within the Lombard App to secure the new cross-chain LBTC transfers and earn up to 240% APY.... The new staking vaults bring more utility to $BARD holders. With the @Lombard_Finance airdrop checker tomorrow you can claim on the 18th - you...
Symbiotic is live with @Chainlink's CCIP and @Lombard_Finance to power the first economically secured cross-chain Bitcoin transfers.
With new tokens launching daily, staking is more relevant than ever.
Symbiotic allows verifiable economic security at any protocol stage.
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