I've always been curious about BTCfi. Today, I tried my first with @Lombard_Finance but I was in for a rude awakening! 😻 When I saw @katana announce an LBTC vault on @turtleclubhouse, I figured why not get some yield on my BTC that's sitting idle? So, I looked into Lombard. TLDR: LBTC - Lombard is a BTC liquid staking solution - 1:1 Backed with BTC - You earn BABY from @babylonlabs_io as your BTC is staked on their mainnet which started recently in April 2025 - Yields are expected to increase when more Bitcoin Supercharged Networks integrate & multi-staking is implemented ⚠ It does NOT have in-kind BTC yield, à la stETH MY STAKING EXPERIENCE WAS BAD 😿 1️⃣ UI didn't detect my BTC on Ethereum: I had to MANUALLY enter my BTC amount! Dapp connected to my EVM wallet but can't read it? 😕 2️⃣ Staking = Send BTC to a Segwit Address: No wonder it didn't read my EVM wallet; the dapp only accepts BTC on the Bitcoin network. Unfortunately, my BTC was on Ethereum & I couldn't be bothered to figure out how to get it on Bitcoin. 🤷‍♂️ 3️⃣ No Support in Discord: Coming from EVM, I was very confused, so I joined the Discord for help. I left my query there for an hour & eventually got sick of the scam replies before deleting my question & leaving. 😿 4️⃣ Swapping Rates were Better on Uniswap: Fortunately, swapping on Uniswap yielded better rates than staking or even the swapper on Lombard. So, I got my LBTC from Uniswap instead of Lombard. 🦄 CONSTRUCTIVE SUGGESTIONS If Lombard is serious about being DOMINANT, they'll need to improve their UX. If it wasn't for the Katana's endorsement, I would have stayed away forever. 👉 Disclaimer on Staking page: Let people know that if their BTC is not on Bitcoin, use the swapper. 👉 Offer Bridging on Staking page: Let people stake from multiple chains & decide if the fees for bridging are worth it. Anyway, I love that my BTC can do more with Lombard & I'm looking forward to the yummy yields on Katana! 🐈
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