LBTC Emerges as the stETH of Bitcoin
Staff Writer • 2025-02-20
LBTC Emerges as the stETH of Bitcoin Lombard Finance announced today that its liquid staking token, LBTC, has surpassed 20,000 in circulation, with nearly $2 billion in total value locked (TVL). Designed to be the stETH of Bitcoin, LBTC provides holders with native staking yield via Babylon while maintaining liquidity, allowing seamless movement across DeFi ecosystems. Transforming Bitcoin’s Utility Despite being the world’s largest digital asset, Bitcoin remains largely idle, with limited utility beyond a store of value. Lombard Finance aims to expand the digital economy by transforming Bitcoin’s functionality through LBTC, unlocking its potential as a productive financial tool. Currently, 54% of LBTC is actively deployed in DeFi, demonstrating its growing role in the broader decentralized finance landscape. Unprecedented Growth in DeFi Since its launch just six months ago, LBTC has quickly become a foundational asset in some of the top yield-generating products across DeFi, including Pendle, Morpho, Gearbox, ZeroLend, Maple, and Derive, serving a rapidly growing user base of over 80,000 users. LBTC’s growth trajectory has set new records, becoming the fastest staking protocol to reach $1 billion TVL in just 77 days. For context, this milestone took 115 days for Lido and 346 days for Ether.Fi, underscoring LBTC’s rapid adoption and demand within the crypto ecosystem. A New Era for Bitcoin Staking Lombard Finance’s innovative approach is bridging Bitcoin with DeFi, making it more than just a passive asset. With its continued expansion and integration across major DeFi protocols, LBTC is poised to reshape the future of Bitcoin staking and utility, cementing its place as a cornerstone in decentralized finance.
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