What is Lombard Staked BTC?

The purpose of Lombard Staked BTC is to unlock Bitcoin's potential by allowing users to stake their Bitcoin securely, transforming it into an asset that can participate in DeFi applications while still preserving its original value. By staking LBTC, users earn a native yield, effectively turning their Bitcoin into a liquid asset. This aims to solve the issue of Bitcoin's illiquidity and unlock new utility for Bitcoin holders.

Lombard Staked BTC is built on top of the Ethereum platform and utilizes the Babylon protocol. It is a liquid staking token that allows users to stake their Bitcoin and earn yields while retaining liquidity.

Lombard Staked BTC differentiates itself from competitors by offering a liquid staking solution that is backed 1:1 to BTC, allowing users to earn yields on their Bitcoin holdings while still retaining liquidity. Its competitive advantage lies in its ability to unlock Bitcoin's potential and provide a new utility for Bitcoin holders.