Continuing yesterday's topic,
@Lombard_Finance what is it?
It allows Bitcoin holders to earn yields while maintaining full Bitcoin risk exposure.
Its core asset $LBTC is a 1:1 tokenized version of Bitcoin, secure, transparent, and usable across chains.
How it works:
1. Deposit BTC → sent to a secure, consortium-verified address
LBTC → proof triggers minting on Ethereum, Base, Sui, etc.
3. Through Babylon's shares → BTC is time-locked to protect the PoS chain
4. Earn yields → rewards paid separately; peg maintained at 1:1
5. Withdraw → burn LBTC, wait ~7 days, receive $BTC back
Security:
• Multi-Sig custody
• Transparent on-chain supply
• Capping is limited and rare
#KaitoYap @KaitoAI @JacobPPhillips @Lombard_Finance #Yap
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