Binance Labs Invests in Lombard to Connect Bitcoin to DeFi
Binance Labs has invested in Lombard, the developer and distributor of LBTC, a security-first Bitcoin liquid staked token (LST) that allows both individual holders and large institutions to earn yield on their Bitcoin while leveraging their assets in DeFi. Through its collaboration with Babylon, Lombard aims to bridge the gap between Bitcoin’s economic value, security capabilities, and the dynamic opportunities within DeFi. Since its launch in August, Lombard has grown to hold 40% of the...