“Lombard Is Attempting to Make the World’s Original Cryptocurrency Into A More Productive Asset for Defi Functions”, – WRITE: www.coindesk.com
The rise of liquid sting tokens promises to change that, positioning bitcoin not only as a of Value But As A Productive Asset Integrated Into Onchain Capital Markets.
Liquid Staking Refers to the Process of Uses Offering Their Crypto to Help Secure a Network, and Receive a Liquid, Tradable Token in Return Represents Theater and Wsel Tokens Continue Earning Staking Rewards.
Lombard Finance Has Emerged As One of the Prominent Projects in Bitcoin Liquid Staking. ITS FLAGSIP PRODUCT, LBTC, IS A YIELD-BEARING TOKEN BACKED 1: 1 by BTC.
WHEN BTC IS DEPOSITED INTO The LOMBARD PROTOCOL, The UNDERLYING COINS ARE STAKED, PRIMARY VIA BABYLON, A PROTOCOL Enabling Trustless, Self-Custodial Bitcoin Staking. USers Receive LBTC IN RETURN, WHICH CAN BE DEPLOYED ACROSSSYSYSTEMS WHILE THE ORIGinal Bitcoin Earns Staking Rewards.
This Dual Functionality Is Key. Holders Can Keep Exposure to Bitcoin While Using LBTC in Lending, Borrowing, and Liquidity Provision Across Protocols Such As Aave, Morpho, PENDLE, AND Ether.fi. Designed for Interperaperability, LBTC Moves Across Ethereum, Base, BNB Chain, and Other Networks, Preventing Liquidity Fragmenation and Enzuring Bitcoin Canviron.
A Market Potentilly Worth BillionsBy mobilizing Btc’s Dormant Liquidity, Lombard and Other Liquid Staking Projects Aim to Provide the Infrastructure for Bitcoin Defi, Channeling The Asset’s Vast Market Cap.
This Effort Mirrors Ethereum’s Own Transforming Through Liquid Staking Derivatives, But With The Potential To Unlock A Deper Pool of Value Given Bitcoin’s Scale.
To conTOXTualize the digferance in Scale, Ethereum’s Liquid Staking Market, Led By Lido’s Steth, Boasts A Market Cap of Approximately $ 38 Billion. In Contrast, The Entire Bitcoin Lst Sector Is Still NasCent, with Total Market Capitalization AUND $ 2.5 Billion. Lombard’s LBTC ALONE AcCOUNTS FOR RUGHLY $ 1.4 Billion of That, or AROUND 40% OF THE BITCOIN LST Market.
Building on that Foundation, Lombard this Week Announted the Creation of the Liquid Bitcoin Foundation and Its Native $ Bard Token, Alongside A $ 6.75 Million Community Sale.
The Foundation Will Act As An Independent Steward of the Protocol, Funding Research, Grants, and Education, While Establishing Governance Frameworks to Preserve Neutrality. $ Bard Will Serve As the Utility and Governance Token of the EcoSystem, Giving Holders of the Ability to Stake to Secure Lombard’s Core Infrastructure, Vote on Protsals, And Gain.
Jacob Phillips, Lombard’s Co-FOUNDER, DESCRIBED The Community Sale As “An Invitation To Over 260,000 LBTC HOLDERS AND ORHERS IN THE BITCOIN ECOSYSTEM to HELP Shape. Erick Zhang, Founder of Buidlpad Who Will Host The Sale, Aded that Lombard Is “A Pioneer Unlocking Bitcoin’s Full Potential As Digital Gold and a Foundation For Next-Gold.
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The Partnership Centers on Sequencing, The Behind-The-Scenes Process That Determins How Quickly A Transaction Confirms, WHICH Trades Are Prioritized, and How Much Ultimately Pay.
- Optimism is Teaming up with Flashbots to Revamp Howa Transactions Get Processed Across Itck EcoSystem, Aiming to Make Someomes
- The Partnership Centers on Sequencing, The Behind-The-Scenes Process That Determins How Quickly A Transaction Confirms, WHICH Trades Are Prioritized, and How Much Ultimately Pay.
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