Just like you, @Lombard_Finance splurged on Black Friday too! ๐Ÿคฏ In an unprecedented move, Lombard acquired BTC.b from Ava Labs ๐Ÿ”บ BTC.b ๐Ÿ”ธ $538m TVL | 1:1 BTC backing | Since 2022 ๐Ÿ”ธ Defi integrations with Aave, GMX, etc ๐Ÿ’š Lombard upgraded its security & made it multichain With this acquisition, Lombard now offers the complete Bitcoin product suite without needing to build it from scratch: ๐ŸŸข BTC.b โ€” Permissionless, non-yield Bitcoin for pure exposure & max composability ๐ŸŸข LBTC โ€” Yield-bearing Bitcoin for productive capital Bitcoin is $2.1t in market cap, yet less than 1% is active in DeFi. With two distinct offerings, Lombard is now set to turn BTC into the cornerstone of DeFi on every chain!
Lombard has acquired BTC.bโ€”the leading Bitcoin asset on Avalanche with ~$538M in circulation. BTC.b will operate exclusively on Lombard's protocol infrastructure as a neutral public good, and introduce a permissionless, decentralized, next-generation BTC asset to the masses.
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