Lombard Babylon Inc. has publicly launched LBTC, a “cross-chain, yield-bearing Bitcoin token designed for DeFi use cases.” According to the team: “The launch follows a successful private beta that attracted over $165 million in deposits from over 600 institutional allocators. LBTC enables users to stake Bitcoin on Babylon and deploy it across various DeFi protocols. Initial integrations include major DeFi protocols such as Symbiotic, Morpho, Pendle, Corn, Gauntlet, Derive, EtherFi, and Gearbox.”
