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Bitcoin staking is entering the DeFi space. I expect huge growth on that use case in the coming months, and @Lombard_Finance is paving the way with their LBTC asset. In one line, LBTC is a Bitcoin liquid staking token generating yield by staking its Bitcoin backing in… https://t.co/tnIAbga5bG
New market added to the Gauntlet WBTC Core vault on @MorphoLabs Market: LBTC/WBTC LLTV: 94.5% Supply Incentives: Lombard Lux (2x) + MORPHO Chain: Ethereum Mainnet We're pleased to work with @Lombard_Finance and curate more opportunities for BTC-based risk-adjusted yield on… https://t.co/E3Sexh7Ubs
It was only a matter of time. @Lombard_Finance has officially joined the Morpho ecosystem. Curated by @gauntlet_xyz & @Re7Capital, LBTC is now on Morpho. https://t.co/2ciHh5fU5A
Lombard Finance has introduced LBTC, a Bitcoin liquid staking token, which is now integrated into the Morpho ecosystem. LBTC aims to unlock Bitcoin's potential as a dynamic financial tool by connecting it to decentralized finance (DeFi). The token is developed on top of Babylon and is designed to generate yield by staking its Bitcoin backing. LBTC has been added to the Gauntlet WBTC Core vault on MorphoLabs, with a loan-to-value ratio of 94.5% and supply incentives from Lombard Lux and MORPHO. The LBTC/wBTC borrow markets have already been launched, with MEV Capital set to join in the coming weeks. Lombard is offering a $250,000 bug bounty for LBTC, and the Morpho ecosystem is valued at $2BN. The integration is curated by Gauntlet and Re7Capital.