Lombard Staked BTC (LBTC)
In the evolving landscape of digital finance, Lombard emerges as a transformative force, seeking to enhance Bitcoin's utility by integrating it with decentralized finance (DeFi). At the heart of Lombard's innovation is LBTC, the Universal Liquid Bitcoin Standard, a yield-bearing, natively cross-chain asset backed 1:1 by Bitcoin. This initiative aims to unlock Bitcoin's potential beyond its traditional role as a store of value, enabling holders to earn yields and participate in a plethora of DeFi activities.
The vision behind Lombard
Lombard envisions a future where Bitcoin plays a central role in the DeFi ecosystem. Recognizing Bitcoin's immense market cap and its often idle status, Lombard sees an opportunity to transform it into a productive financial tool. By harnessing just a fraction of Bitcoin's market cap for DeFi, Lombard believes it can significantly increase the total value locked within the ecosystem, fostering sustainable growth and dynamic market conditions.
Bitcoin's expanded utility
| Ticker | LBTC |
| Category | BNB Chain Ecosystem |
| Website | https://www.lombard.finance/ |
| @lombard_finance | |
| Telegram | +yKL57AkmSg84YTgx |
| Contract Addresses | |
|---|---|
| ethereum | 0x82...94 Copied! |
| base | 0xec...c1Copied! |
| binance-smart-chain | 0xec...c1Copied! |
Lombard's approach to Bitcoin involves three core components:
Bitcoin as a universal primitive in DeFi: By utilizing BTC as optimal collateral, users can engage in staking, trading, and transferring Bitcoin within DeFi, leveraging its security and value.
Bitcoin as a security asset: Bitcoin-backed security provides higher crypto-economic security for Proof of Stake (PoS) networks compared to native tokens, enhancing overall network security.
Bitcoin as a connective tissue: Through its integration into various protocols and ecosystems, Bitcoin will serve as a bridge, connecting capital and driving innovation across the digital finance landscape.
The role of LBTC
LBTC, Lombard's flagship product, is designed to empower Bitcoin holders by allowing them to earn yields and engage with DeFi markets while maintaining the intrinsic value of their Bitcoin. Built on top of Babylon, LBTC acts as a secure Bitcoin liquid staked token (LST), facilitating a seamless transition of Bitcoin into the DeFi space.
LBTC's unique features
LBTC offers several features that make it a compelling choice for both individual investors and large institutions:
Yield-bearing capability: LBTC holders can earn Babylon staking yields, adding a new dimension of profitability to their Bitcoin holdings.
Cross-chain functionality: As a natively cross-chain asset, LBTC facilitates efficient movement and interaction across different blockchain networks.
Security-first approach: LBTC is backed 1:1 by Bitcoin, ensuring that the original value of the asset is preserved while engaging in DeFi activities.
Lombard's foundation and support
Lombard's journey is supported by a team of DeFi experts from renowned organizations such as Polychain, Babylon, Argent, Coinbase, and Maple. This diverse team brings a wealth of experience in the DeFi sector, driving Lombard's mission forward.
Financial backing and incubation
Lombard benefits from incubation by Polychain Capital, which not only provides financial support but also access to a network of expert resources. In a testament to its promising potential, Lombard raised $16 million in a seed round led by Polychain Capital in July 2024, with participation from notable investors including Babylon, dao5, Franklin Templeton, and others.
The significance of the Lombard name
Named after the historic Lombard Street in London, a long-standing hub of financial activity, Lombard symbolizes connectivity and opportunity. By adopting this name, Lombard aims to rebuild its legacy on digital foundations, creating a modern nexus of innovation and connectivity within the digital economy.