Lombard Finance, known for its innovations in Bitcoin infrastructure, has rolled out a new software development kit (SDK) aimed at enabling various platforms—including wallets and exchanges—to enable users to stake Bitcoin (BTC) with just one click.

This launch intends to draw BTC into the decentralized finance (DeFi) sector by accessing an estimated $154 billion worth of idle Bitcoin currently resting on centralized platforms.

Key Points:

• The toolkit will allow users to stake BTC and obtain a liquid staking token, LBTC, which can be automatically deposited into Lombard’s DeFi Vault, boasting a current annual yield of 3%.
• Jacob Phillips, co-founder of Lombard, mentioned, “Once viewed solely as a store of value, Bitcoin is now increasingly being incorporated into DeFi, unveiling new earning possibilities for BTC holders. The SDK simplifies this process for both platforms and users.”
• Major cryptocurrency exchanges like Binance and Bybit have already embraced this new SDK, while other wallets such as xVerse, Metamask, and Trust Wallet plan to integrate soon. This offers these platforms not only new revenue avenues but also a method to keep users engaged with new DeFi services.

Lombard’s Bitcoin staking initiative began seven months prior and has developed into a $4 billion market, with the DeFi Vault currently managing over $200 million in total assets. The protocol recently extended its services by launching LBTC on the Sui blockchain.