When you go to the @Lombard_Finance homepage you will find directly the easiest and most direct information explaining what $LBTC actually is. It is BTC with APY. I am also holding pure BTC on exchanges (just a minimum) and purely on the BTC chain, but despite it is the largest portion in my portfolio, it is the only one that is not making any yield. This is currently changing with $LBTC. As I am DCA'ing my current yields into LBTC I can decide to hold it on 13 different blockchains and also how to leverage it. I could lend it, LPing it with other assets and so on. The best part is, just holding LBTC is giving an constant 0.8-1% of APY. LBTC is build on the infrastructure of @babylonlabs_io and is even planned to expand later to DogeOS when it is launched. So depending on how you are planning your Bitcoin DCA, $LBTC should be an integral part of it.