Bitcoin capital markets are moving on-chain and the fulcrum looks clear → @Lombard_Finance Quick context to frame the runway: - ~89% of BTC sits idle, despite BTC carrying >50% of crypto’s mcap - BTC accounts for roughly 0.5% of DeFi activity, a comically small footprint for the asset that anchors the entire ecosystem - LBTC is already paying ~1% APY in native BTC yield, turning cold storage into productive collateral Market structure checkpoint: - $BARD FDV sits around $939M - Compare that with ETH land, where no staking/restaking solution controls even 25% share yet several names trade at multi-billion FDVs - Lombard holds ~58% of staked BTC market share today, making it the current liquidity and trust center for yield-bearing BTC How the design compounds: - Dual-utility primitives: stake BTC for security, route the position into restaking layers (e.g., EigenLayer integrations) or deploy it to credit rails - One coin, many jobs → yield, security, and collateral at once - Capital...
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