Lombard has launched LBTC, a “cross-chain yielding Bitcoin token” designed for DeFi. According to the team, “This launch follows a successful private beta that attracted over $165 million in deposits from over 600 institutional investors. LBTC will allow users to stake Bitcoin through Babylon and redeem it across a range of DeFi protocols. Initial integrations include leading DeFi protocols such as Symbiotic, Morpho, Pendle, Corn, Gauntlet, Derive, EtherFi, and Gearbox.”
