“Majoor Exchanges Binance and Bybit Have Already Integrated the SDK, WHICH Routes Staged Btc Into Lombard’s Defi Vault.”, – WRITE: www.coindesk.com
The release aims to Furter Bring Btc Into the Decentralized Finance (Defi) Economy by Tapping Into the Estimated $ 154 Billion in Bitcoin Estimated to Be Sitting IDLE.
The New Toolkit Allows Users To Stake Btc To Mint A Liquid Staking Token Called LBTC, WHICH CAN BE AUTOMATICALLY DEPOSITED INTO LOMBARD’S DEFRI VAULT for
“Once Viewed Solely As A Store of Value, Bitcoin Is Now IncreASINGly Being Integrated Into Defi, Unlocking New Earning Opportunities For Btc Holders SDK Removes “The Complexity for Both Platforms and Users.”
Leading Cryptocurrency Exchanges Binance and Bybit Have Already Integrated the SDK, with Addrational Wallet Integrations – Including XVersE, Metamask, and Trust Wallet – Also Being. For these Platforms, The Integration Offers New Revenue Streams and A Way to Keep Users Engaged Through A New Defi Offering, Lombard Says.
Bitcoin Staking Through Lombard’s System Began Seven Months Ago and Has Grown Into A $ 4 Billion Market. Lombard’s Defi Vault, Powered by Smart Contract Provider Veda, Currently Holds More Than $ 200 Million in Total Value Loked.
The Protocol Expanded Last Month with The Launch of It Liquid-Staking Bitcoin Token, LBTC, on the Sui Blockchain.
