A newly decentralized Bitcoin derivative by Lombard Finance will offer 1% APY while retaining the full BTC support on Bridge to Solana.
Summary
- Lombard Finance offers the range of the supply of revenue in addition to the primary, sui and ethereum offer.
- Proceeds on Solana in Bitcoin is the newest offer to bring the $ 1.5 billion protocol to capital to Layer 1.
On August 28, Lombard Finance officially launched his revenue Bitcoin token, on Solana (SOL), which brought the $ 1.5 billion protocol to circulating capital to a Bitcoin merger with rival low-1 Solana.
How the revenue Bitcoin from Lombard Finance will transform Defi on Solana
The SPL -Token represents a significant expansion for LBTC, which already works on Ethereum (ETH), Base (Base) and SUI (Sky) Networks, but now offers 1% APY, although Bitcoin uses Babylon Labs, the company said in a post on social media.
As part of the scheme, Lombard Finance will maintain full decentralization of his BTC through his Security Consortium Validator network that makes real-time proof of reserves possible for full transparency.
Lombard Finance is starting new Bitcoin outputs
The non-rebellious design of the token, the company says, will make seamless integration possible in decentralized financial protocols, money markets and structured products without compatibility problems that other bridges are confronted. This function deals with a critical limitation in the current Solana Bitcoin ecosystem, in which users are limited to non-return BTC derivatives of centralized issents.
Solana users will have access to LBTC via four primary methods: Set Bitcoin directly to Mint LBTC as a SPL -token, CBBTC change for LBTC with minimal 1 basic costs on meteora, or convert an asset in LBTC, or the bridging of Layerum of Ethrastructure.
The launch includes immediate integration with large Solana protocols. Users can exchange LBTC/SOL perpetuals on the drift protocol, use topping in credit markets at Jupiter and Kamino Finance and benefit from almost zero reimbursement waps on Meteora from the first day.
The expansion represents Lombard’s strategy to record the growing demand for revenue-generating Bitcoin products while maintaining security and the upward potential that makes Bitcoin attractive for institutional and retail investors looking for capital efficiency improvements.
