Lombard is attempting to make the world's original cryptocurrency into a more productive asset for DeFi functions
Major exchanges Binance and Bybit have already integrated the SDK, which routes staked BTC into Lombard’s DeFi Vault.
The move marks LBTC’s first integration with a non-EVM blockchain, bringing bitcoin as a collateral in DeFi to a broader ecosystem.
Lombard Finance aims to produce a yield-bearing bitcoin token, and potentially unleash a new wave of liquidity into the DeFi ecosystem.
Starting in December, Bitcoin holders will be able to stake BTC on Babylon, a Bitcoin layer-2, from the Sui network.