[Project Research] Lombard: BTCFi Leader, Unlocking Trillion Liquidity
Lombard(@Lombard Protocol )is a DeFi protocol focused on building on-chain Bitcoin Capital Markets, established in April 2024.
Its core mission is to transform Bitcoin from passive value storage into an active DeFi asset by issuing LBTC (Liquid Bitcoin Token, a liquid staking token pegged 1:1 to Bitcoin) to achieve Bitcoin staking, yield earning, and cross-chain liquidity.
1. LBTC, releasing cross-chain liquidity of BTC
LBTC allows users to earn native Bitcoin yields without sacrificing liquidity, while seamlessly integrating into the DeFi ecosystem, such as lending, liquidity provision, and derivatives.