mcap BTC with >50% of the market,
but <1% of the activity in DeFi.
over 19.7M BTC are in circulation,
but most of them are still “sleeping” in cold wallets.
→ @Lombard_Finance is formulating a capitalization for this.
currently, LBTC has a mcap of over $1.4B and TVL ~$1.5B, using about 40% of the Bitcoin LST market share.
through LBTC (collateralized 1:1 with BTC), holders can:
• stake for yield
• use BTC as on-chain collateral
• restake on Eigen for increased security and capital efficiency
Lombard is helping BTC move beyond its traditional “digital gold”
→ turning it into a yield-generating, liquid and security-enabling asset for DeFi.
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