In a rather unsurprising move, Lombard Finance has decided to bless the decentralized world with its shiny new Bitcoin derivative, LBTC, on the Solana network. Who doesn’t love a bit of yield-bearing excitement? Now, you can get a 1% APY while your Bitcoin is securely nestled in the arms of Solana-because nothing says financial freedom quite like a centralized token bridge to the “most decentralized” blockchain.
- Not content with just being on Solana, Lombard Finance is also gracing Ethereum, Base, and Sui with its glorious yield-bearing goodness.
- In case you missed it, the $1.5 billion in capital is being paraded across all these networks, because why settle for less when you can have it all?
On August 28, Lombard Finance formally launched LBTC, the yield-bearing Bitcoin token, on Solana. This marks a new chapter in the ever-expanding world of decentralized finance, as the protocol’s whopping $1.5 billion in circulating capital effortlessly slides into the embrace of Solana’s layer-1. Don’t worry, Ethereum and friends, you’re not forgotten just yet.
How Lombard Finance’s yield-bearing Bitcoin will transform DeFi on Solana
LBTC is making its way across the digital landscape like a well-traveled diplomat. Already established on Ethereum, Base, and Sui, it is now bringing its 1% APY Bitcoin staking dreams to Solana, thanks to the magical powers of Babylon Labs. A generous promise, surely.
LBTC is a SPL token that is fully backed by BTC, issued by Lombard, and secured by a decentralized validator network (aka Security Consortium), with real-time proof of reserves.
LBTC has already found a home on Ethereum, Base, Sui, with $1.5B in circulation.
– Lombard (@Lombard_Finance) August 28, 2025
So, what exactly is LBTC? It’s a gloriously transparent token that will make sure no one gets lost in the confusion of centralized control. With Lombard’s decentralization efforts-thank goodness for the Security Consortium!-you get real-time proof of reserves. How reassuring. But honestly, who even has time to verify that? I suppose some people do.
Lombard Finance embarks on new Bitcoin yield bearing entities
The token’s non-rebasing design promises smooth integration into decentralized finance protocols, money markets, and structured products, sidestepping the usual headaches faced by other bridges. Looks like Solana might finally be catching up with the big leagues, huh?
Solana enthusiasts will be thrilled to know they have four-count them, four-different methods to access LBTC: stake Bitcoin to mint it directly, swap cbBTC for LBTC, convert assets into LBTC, or, if you’re feeling adventurous, bridge it over from Ethereum using LayerZero infrastructure. Who said finance was boring?
And if that wasn’t enough, Lombard is already rubbing elbows with major Solana protocols. You’ll be able to trade LBTC/SOL perpetuals on Drift Protocol, throw it into lending markets on Jupiter and Kamino Finance, and enjoy near-zero fees on Meteora from day one. It’s like a party, but for financial products.
At its core, this move is Lombard’s masterstroke to cater to the increasing demand for yield-generating Bitcoin products. And, let’s face it, who doesn’t want to play the game of yield and security at the same time? Especially when both institutional and retail investors can join in on the fun. Capital efficiency, anyone?
Read More
- Gold Rate Forecast
- One Piece’s Anime Unveils First Look at the Final Saga’s Best Scene
- Ozzy Osbourne and the Memecoin Madness: When Death Becomes a Crypto Trend
- EUR CAD PREDICTION
- EUR AUD PREDICTION
- DOGE EUR PREDICTION. DOGE cryptocurrency
- RENDER PREDICTION. RENDER cryptocurrency
- Matty Healy Makes Subtle Reference to Ex Taylor Swift
- Xbox CEO Phil Spencer reportedly couldn’t stop playing ZeniMax’s unannounced game — and now it’s canceled
- My Dress Up Darling Season 2 Release Schedule Revealed
2025-08-28 19:54