Etherlink lending and Canton validator are transforming it from a staking tool into a TradFi profit engine. @Lombard_Finance Let me tell you why 🖊️ Note: The information is quite extensive, leading to a longer content. Originally, Lombard's utility was mainly in staking BTC to earn annualized returns, combined with a 1:1 pegged exchange for LBTC liquid tokens. What is LBTC's second identity? A ‘profit tool’ for TradFi. After cross-chain, LBTC will enter more different DeFi ecosystems, bringing more liquidity. For example, with the Etherlink project on Tezos L2, once LBTC is bridged, it will facilitate the integration of the project's own lending and DEX protocols. Recently, Starknet launched LBTC and supports staking + DeFi. Additionally, LBTC is expanding into more fields. Looking at the official Twitter, on October 7th, Lombard announced that LBTC would integrate into the Canton network, serving as a validator, supporting RWA tokenization and ETF on-chain settlement. New features under development include basis trade vault and tokenized options vault, emphasizing borrowing and lending against LBTC collateral, leveraging up to 80% LTV to earn option fees, similar to on-chain credit markets. These vaults collaborate with leading institutions, combining Symbiotic's restaking layer to provide a slash mechanism to prevent defaults and earn USD fees—Hyperithm's 11M LBTC case has already achieved a 4% premium. While cross-chain unlocks new opportunities, the risks of bridging and contracts must not be overlooked. Therefore, Lombard will enhance security through Chainlink CCIP and Veridise audits. The fields involved with LBTC are becoming vast, hoping to present more exciting developments for the BTCFI track. The above content is for informational purposes only and does not constitute any investment advice. DYOR