Lombard has publicly launched LBTC, a “cross-chain, yield-bearing Bitcoin token designed for DeFi use.” Based on the staff: “The launch follows a profitable non-public beta that attracted greater than $165 million in deposits from over 600 institutional allocators. LBTC permits customers to stake Bitcoin via Babylon and put it to use throughout varied DeFi protocols. Preliminary integrations embody main DeFi protocols resembling Symbiotic, Morpho, Pendle, Corn, Gauntlet, Derive, EtherFi and Gearbox.”
