@Lombard_Finance is built on Babylon, so somehow Lombard leverages on Babylon's infra to actually build a permissionless BTC protocol that leverages on proof of stake which we know is the consensus mechanism of the BTC ecosystem. So while Babylon itself is a marketplace for BTC economic security, which now serves as a home for Lombard, we must not be quick to forget that Lombard actually improves it (Babylon) by providing an important infrastructure to the supply aspect of Babylon's marketplace, for BTC economic security, by providing scaling, yield optimization, BTC defi participation and even liquidity problems.. Lombard finance is a big fish in the BTC ecosystem by this standards and this is because of the staking infrastructure, the cross-chain architectural integration and it's massive integration with big default vaults across native DEFI protocols like KATANA. So we cannot write off @Lombard_Finance as just another protocol built on Babylon, it brings it's utility and contributes to the core principles of BTC DEFI to Babylon. With a massive TVL of $1.6B and DEFI vault TVL of over $126M and LBTC supply of over 14K BTC. Listed by Greyscale as an already considered asset. This crypto cycle market narrative has been all about institutions. Blackrock, Greyscale and many others. This means the BTC ecosystem is an exploration waiting to explode, and we don't have enough protocols waiting to onboard this big money. Don't forget that this massive money inflow will soon seek DEFI opportunity, and opportunities as LOMBARD funnels this interest, even back to other Babylon ecosystem protocols like pumpBTC for example.