Turtle has managed 1.13 billion, with @Lombard_Finance's pool ranking 2nd and 8th, totaling $182M. This accounts for 16% of Turtle's total funds and 27% of the top eight pools, which is quite impressive and indicates that Lombard can also stably accommodate large BTC inflows on external platforms. 📌 A protocol that performs well and has strong external products is a good product. This capacity to accommodate will make integrating $LBTC a priority before launching new projects. For partners like Katana and Turtle, the role of LBTC is to directly convert off-chain or idle BTC into usable liquidity, which can then be integrated into lending, LP, yield splitting, and other scenarios. Once funds enter this cycle, they will be reused across multiple protocols, leading to long-term retention. This is also why both Katana and Turtle are willing to partner with @Lombard_Finance. The packaging structure of LBTC is key; it allows funds to maintain their BTC denomination while being cross-chain and participating in various strategies without the need for manual splitting or currency exchange. For someone like me who has faith, holding BTC means I can never sell! But if there’s a good place to earn stable returns, that would be perfect. As long as Lombard continues to maintain its accommodating capacity, it will be the water supply hub for BTCfi.
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