Starknet just dropped a massive bombshell with Lombard to bring LBTC to the Starknet ecosystem.
Lambard LBTC, a token that’s 1:1 backed by real Bitcoin, staked through the Babylon protocol. And LBTC is already the biggest Bitcoin liquid staking token out there, with over $2 BILLION in TVL.
Now, it’s coming to @Starknet, where you’ll be able to:
> Stake BTC to get LBTC and bridge it to Starknet.
> Earn rewards through Lombard’s DeFi vaults.
> Use LBTC across Starknet’s DeFi scene for stuff like lending, borrowing, trading, or providing liquidity.
> Oh, and you can always redeem LBTC back to BTC whenever you want.
Smooth, right?
🧵🪡 1 reply
0 recast
1 reaction
Let’s imagine, Bitcoin the king of crypto, not just sitting in your wallets but working hard in DeFi. With LBTC on Starknet, you’re getting:
> BTCFi, Your BTC can now vibe in Starknet’s super-fast, scalable DeFi ecosystem. Lend it, borrow against it, or toss it into liquidity pools, all while earning rewards.
> Scalability for Days, Starknet’s layer-2 tech means low fees and high-speed transactions, making it perfect for Bitcoin to flex in DeFi without clogging up the main chain.
> Devs Get a Playground, Starknet builders can integrate LBTC into their apps, creating wild new use cases. Think Bitcoin-backed NFT marketplaces, yield farms, or even crazy cross-chain stuff.
> Big Money Moves, Institutions can park their Bitcoin capital in Starknet’s DeFi dApps with top-notch security and scalability. This could pull in billions more from the big players. 0 reply
0 recast
0 reaction