Summary
Lombard is making strides in developing liquid staking for Bitcoin, aiming to turn the cryptocurrency into a productive asset. Liquid Bitcoin, referred to as LBTC, is now accessible through the newly created Liquid Bitcoin Foundation and will operate with the $BARD token, supporting over 260,000 LBTC holders.
Key Points
- Liquid Staking Tokens: These tokens are changing Bitcoin’s reputation from a passive store of value to an asset that generates yield within decentralized finance (DeFi) markets.
- Market Potential: While Ethereum’s liquid staking is significant at around $38 billion, Bitcoin’s sector is just beginning at roughly $2.5 billion.
- Lombard’s Initiatives: With a recent $6.75 million community sale, Lombard intends to include over 260,000 LBTC holders in decision-making processes for future developments in Bitcoin onchain.
About Liquid Staking
This process allows users to stake their cryptocurrency, receive tradable tokens in return, and continue earning rewards on the original assets.
Conclusion
As Lombard develops the Liquid Bitcoin ecosystem, its initiatives mirror Ethereum’s growth in liquid staking, with an emphasis on unlocking Bitcoin’s full potential in the modern financial landscape.
