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Hashtag #MyCryptoFunnyMoment is requi
⚡️ Friends, some infrastructure construction often happens out of the spotlight. While everyone chases the trends, there are always teams quietly laying the groundwork for the encryption world of the next decade.
When I saw Lombard co-founder @JacobPPhillips take the stage at Chainlink SmartCon, I realized that they are exactly the kind of builders. And their key asset is the recently acquired BTC.b.
1. What is BTC.b
It is the native mapped asset of Bitcoin on Avalanche, very similar to WBTC in the ETH ecosystem. By locking up real BTC, you can obtain an equivalent amount of BTC.b on Avalanche and use it in various DeFi scenarios. It's like equipping Bitcoin with a Transformer mech, turning it from a "vault asset" that can only store value into a freely flowing financial tool.
2. The layout of Lombard
▌ BTC.b: For purists - maintain native Bitcoin exposure, non-yielding but cross-chain freedom.
▌ LBTC: For yield players - earn on-chain returns while holding Bitcoin.
▌ One is responsible for free flow, and the other is responsible for interest growth, forming a complete coverage for on-chain Bitcoin users.
3. Lombard has conducted a comprehensive upgrade on BTC.b.
▌ Security: Custodied by an alliance of 15 professional institutions, more resistant to risks.
▌ Transparent: Backed 1:1 by Chainlink reserve proof, can be verified at any time.
▌ Cross-chain capabilities: Integrating CCIP, allowing BTC.b to go beyond Avalanche and connect to more chains.
In other words, they have taken over and strengthened a $5.5 billion Bitcoin cross-chain underlying layer.
Four, the significance of Jacob standing on the SmartCon stage is:
Bitcoin is gaining real on-chain vitality, and Lombard and Chainlink are laying down the safest cross-chain highway.
Bitcoin is no longer just a revered vault, but is preparing to become the core liquidity cornerstone of the next generation of on-chain finance. And all of this is happening right before our eyes.
#Bitcoin #LBTC #WBTC #DeFi #KaitoYap #Yap $BARD @KaitoAI @Lombard_Finance