Lombard wakes Bitcoin from its dormant state!
The Bitcoin project we talked about last night is revealed! It's @Lombard_Finance! We all know that Bitcoin is the heaviest asset in crypto. With a total market cap of over $1.5 trillion, on-chain activity is relatively quiet; it’s like a giant rock, solid and resistant, but always just lying there quietly.
That's right! Bitcoin was not originally designed to participate in complex financial systems. But therein lies the problem! Its value is immense, but it does not participate, does not flow, and does not generate any positive feedback on-chain~ This is where Lombard comes in!
What Lombard aims to solve is this problem!
How to turn this raw value stone into an asset that can participate in modern DeFi systems?
The first thing they did was launch LBTC! A liquid-staking Bitcoin asset built on Babylon with security as its foundation! The biggest difference from traditional wBTC is that it is not centrally minted, it’s not just a mapping, but truly brings BTC into a PoS secure network, earning native yields while freely participating in DeFi!
To put it simply:
The BTC in your hands can finally stop gathering dust, and you don’t have to sell it for USDC; just through LBTC, you can enter a new usage scenario: participate in security, earn yields, engage in DeFi without losing the core attributes of BTC!
This is just the starting point. They care more about the fact that if even 10% of BTC's market cap starts moving like this, the entire on-chain ecosystem's TVL would double! This is Lombard's vision: to provide liquidity for Bitcoin while ensuring the native asset remains intact!
#KaitoYap @KaitoAI @JacobPPhillips #Yap #BTC $BTC
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