Lombard Finance Partners With Eigen Foundation to Launch LBTC, First Bitcoin Asset in EigenLayer Restaking Ecosystem

Lombard Finance has partnered with the Eigen Foundation to integrate Bitcoin into the EigenLayer restaking ecosystem through the introduction of LBTC, the first Bitcoin asset in this protocol. This collaboration aims to unlock new yield opportunities and utility for Bitcoin holders by enabling them to earn dual rewards within EigenLayer’s restaking framework. EigenLayer highlighted the potential to leverage the $1.6 trillion Bitcoin market by combining Bitcoin with restaking capabilities. Additionally, Axia8 Ventures announced its role as a Guardian of Zeus Network, emphasizing its commitment to advancing cross-chain infrastructure to maximize Bitcoin's potential in decentralized finance.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.