Just like you, @Lombard_Finance splurged on Black Friday too! 🤯 In an unprecedented move, Lombard acquired BTC.b from Ava Labs 🔺 BTC.b 🔸 $538m TVL | 1:1 BTC backing | Since 2022 🔸 Defi integrations with Aave, GMX, etc 💚 Lombard upgraded its security & made it multichain With this acquisition, Lombard now offers the complete Bitcoin product suite without needing to build it from scratch: 🟢 BTC.b — Permissionless, non-yield Bitcoin for pure exposure & max composability 🟢 LBTC — Yield-bearing Bitcoin for productive capital Bitcoin is $2.1t in market cap, yet less than 1% is active in DeFi. With two distinct offerings, Lombard is now set to turn BTC into the cornerstone of DeFi on every chain!
Lombard has acquired BTC.b—the leading Bitcoin asset on Avalanche with ~$538M in circulation. BTC.b will operate exclusively on Lombard's protocol infrastructure as a neutral public good, and introduce a permissionless, decentralized, next-generation BTC asset to the masses.
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