Lombard Finance Launches LBTC on Etherlink, Expanding Bitcoin DeFi Opportunities on Tezos L2
Lombard Finance, a leading developer of Bitcoin-based DeFi solutions, has launched its flagship LBTC product on the Tezos L2 network, Etherlink. The deployment is a significant milestone for both Lombard Finance and the Tezos ecosystem, representing the integration of a new asset on Etherlink (in the form of liquid bitcoin), allowing bitcoin liquidity to flow into the ecosystem and across DeFi applications.
"Bringing LBTC to Etherlink represents an important step in our multi-chain strategy," said Jacob Phillips, Co-founder of Lombard Finance. "By closely collaborating with the Tezos Foundation and integrating with Etherlink, we will foster a thriving DeFi ecosystem and see LBTC onboarded to top protocols, so users can do more with their Bitcoin."
Today's integration with Etherlink enables network users to stake their bitcoin in return for LBTC - a liquid-staking bitcoin token that can be used across Etherlink's range of DeFi applications. LBTC allows holders to maintain their bitcoin exposure while providing the freedom to engage with innovative DeFi protocols at the same time. LBTC is redeemable 1:1 for bitcoin and Lombard is fully audited by renowned industry experts, including Immunefi and Halborn. Additionally, because the BTC backing LBTC is staked to Babylon, LBTC earns a yield, meaning holders earn staking rewards alongside points from Lombard.
"In our search for a superior Bitcoin solution for the Etherlink ecosystem, LBTC stood out as the ideal choice," said Anthony Hayot, Head of DeFi Adoption at Nomadic Labs. "We're proud to establish LBTC as the primary Bitcoin asset within our ecosystem, offering our users access to one of the most sophisticated Bitcoin solutions available in the DeFi landscape today."
With almost $2B worth of LBTC minted and in circulation across EVM-compatible networks, the integration of LBTC on Etherlink stands to add substantial liquidity to the Tezos-powered ecosystem. LBTC will be accessible across multiple DeFi protocols within Etherlink, including Superlend, Hanji, IguanaDEX, and oku, enabling users to utilize LBTC for a range of DeFi activities. The token will also be integrated into the Apple Farm program, enabling users to earn rewards for using it in their interactions with Etherlink's growing DeFi ecosystem.
Commenting, Jean-Frédéric Mognetti, Executive Director of the Tezos Foundation, said, "The Tezos ecosystem has always prioritized innovation, and bringing Bitcoin's liquid staked Bitcoin to Etherlink reflects that foundational vision. This integration will provide BTC holders with new and exciting opportunities in DeFi."
The integration with Etherlink is part of Lombard's continued strategy of cross-chain expansion, following its integration with the Sui blockchain in March. LBTC already operates across other notable blockchains, including Ethereum, Sui, Base, and BNB Chain, with 70% of LBTC supply actively deployed in DeFi protocols, including Aave and Morpho, and approximately 75 DeFi integrations across multiple blockchain ecosystems.
About Lombard
Lombard Protocol was founded with a single vision: to bring Bitcoin securely into DeFi and unlock its full potential. At the heart of the Lombard Protocol's innovation is its flagship product LBTC, the leading Bitcoin liquid staked token. Backed 1:1 by native Bitcoin, LBTC transforms Bitcoin into a secure, stable, and liquid asset for DeFi. It offers unmatched transparency, stability, and usability, making it the trusted collateral for lending, borrowing, and integration into decentralized ecosystems
About Etherlink
Etherlink is an EVM-compatible Layer 2 blockchain powered by Tezos Smart Rollups technology. It empowers developers to smoothly deploy any EVM codebase and migrate users and assets from Ethereum and other interoperable chains, enabling seamless interaction and asset transfers across different networks
Contact
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
11 minutes ago
- Yahoo
3 Reasons Stablecoins Are Still a Risky Investment Choice
Key Points Stablecoins are gaining a lot of attention as an alternative to U.S. dollars. But a lot of those coins aren't actually backed by U.S. dollars. They're also not designed to beat inflation or the market over the long term. 10 stocks we like better than Tether › Stablecoins are gaining a lot of attention as an alternative to traditional cryptocurrencies like Bitcoin and Ethereum. These coins, which are usually pegged to real-world assets like fiat currencies or gold, are designed to generate stable long-term returns. The most popular stablecoins are Tether (CRYPTO: USDT), USD Coin (CRYPTO: USDC), DAI (CRYPTO: DAI), TrueUSD (CRYPTO: TUSD), and PayPal USD (CRYPTO: PYUSD), all of which are pegged to the U.S. dollar. The issuers of these stablecoins back up their coins with their own reserves of cash, cash equivalents, and other assets. These USD-backed stablecoins try to keep their price at $1. They can be held without a bank account, help people protect their savings in countries with currency devaluation issues, and facilitate faster and cheaper cross-border transfers than U.S. dollars. USD stablecoins are also widely used in decentralized finance (DeFi) apps to pay out rewards, establish collateral for loans, and trade assets without a conversion to a fiat currency. They can act as a bridge currency to help crypto traders quickly switch between volatile assets. These stablecoins might initially seem a lot safer than other cryptocurrencies, but they're not risk-free investments. Let's review the three risks for stablecoins you should be aware of. 1. Not all stablecoins are backed by real-world assets Most USD-collateralized stablecoins like Tether and gold-backed stablecoins like Tether Gold (CRYPTO: XAUT) are pegged to physical assets. Tether holds a mix of cash, U.S. Treasuries, precious metals, and other cash equivalents. Tether Gold directly holds gold reserves. But there are two other types of stablecoins that are pegged to much riskier assets: crypto-collateralized coins, which are pegged to other cryptocurrencies; and algorithmic coins, which rely on automated computer programs to control the supply and keep their prices stable. For example, DAI is a crypto-collateralized coin that holds a mix of Ether, Tether, Wrapped Bitcoin, and Lido Staked Ether instead of actual U.S. dollars or Treasuries. By only holding cryptocurrencies, it doesn't rely on any custodian banks to hold fiat currencies. But it's not fully decentralized, since it's still holding a lot of Tether (which is backed by actual U.S. dollars), and a crypto crash could reduce the value of its collateral and weaken its peg to the U.S dollar. Many algorithmic stablecoins, like TerraUSD, crashed when their automated programs couldn't stay pegged to the U.S. dollar. Yet some smaller stablecoins are still trying to stay pegged with their own algorithms. If those opaque algorithms fail, those smaller stablecoins could quickly fizzle out if they're not backed by other assets. Therefore, investors shouldn't assume all stablecoins are "stable" because they've been holding steady at $1. Instead, they should see what these issuers are actually holding as their collateral, and whether they can be trusted to stay firmly pegged to the U.S. dollar. 2. They're exposed to regulatory headwinds Many stablecoins have sprouted up during the past few years, but they could be cut down by much tighter government regulations in the near future. Those regulators could scrutinize their underlying reserves and usage in cross-border remittances. They might even ban the riskier algorithmic stablecoins. Those government regulators could also consider stablecoins to be a threat to central banks, and use tighter licensing, auditing, or reporting requirements to subdue their growth. That oversight would undermine the usefulness of stablecoins as an alternative to U.S. dollars. 3. They aren't designed to beat inflation Most traditional investments, like stocks, are aimed at beating inflation. For example, the S&P 500 has generated an average annual return of 10% since its inception in 1957. In that context, stablecoins aren't good long-term investments because they're designed to merely match the value of the U.S. dollar -- which will inevitably decline over the long term. So for capital preservation, you would be better off parking your cash in a risk-free CD or T-bill that pays a 4% to 5% yield instead. The only way for stablecoins to beat inflation is if they're lent out on other crypto platforms to earn interest. Those platforms still pay double-digit annual percentage yields, but you're taking on a lot of counterparty risk for that yield. Several of those platforms -- including Celsius, Voyager, and BlockFi -- collapsed in 2022 and wiped out their lenders' stablecoins. Should you buy stablecoins right now? Stablecoins might be a viable way to preserve your capital, execute fast and cheap cross-border transfers, and smoothly invest in crypto platforms or apps. But they're not inflation-beating investments and they face a lot of risks that won't affect the U.S. dollar. Investors should clearly evaluate those risks before jumping on the bandwagon. Should you buy stock in Tether right now? Before you buy stock in Tether, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Tether wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $625,254!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,090,257!* Now, it's worth noting Stock Advisor's total average return is 1,036% — a market-crushing outperformance compared to 181% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Leo Sun has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin and Ethereum. The Motley Fool has a disclosure policy. 3 Reasons Stablecoins Are Still a Risky Investment Choice was originally published by The Motley Fool
Yahoo
16 minutes ago
- Yahoo
Bitcoin and Ethereum ETFs suffer second-worst day of 2025 in ‘odd end' to landmark week for crypto
Spot crypto exchange-traded funds saw a sharp reversal on Friday, with both Bitcoin and Ethereum products recording their second-largest daily outflows of the year. Investors pulled $812 million from Bitcoin funds — second only to the $1.15 billion outflow on February 25 — while Ethereum ETFs lost $153 million, ending a record 20-day inflow streak. Invest in Gold Thor Metals Group: Best Overall Gold IRA Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase American Hartford Gold: #1 Precious Metals Dealer in the Nation ETFStore President Nate Geraci called it an 'odd end' to what he described as 'perhaps the most important week ever' for crypto, citing major regulatory moves including in-kind redemption approvals, exchange-backed ETF fast-track filings, and the SEC's launch of Project Crypto. The US Securities and Exchange Commission made multiple policy shifts throughout the week, beginning with its approval of in-kind creations and redemptions for spot Bitcoin and Ethereum ETFs. This change allows ETF shares to be exchanged directly for the underlying crypto assets, rather than cash, which reduces costs and helps ETFs better track the price of Bitcoin and Ethereum. On the same day, Cboe filed for formal approval of generic listing standards for crypto ETFs, while analysts say NYSE Arca is expected to follow. Nasdaq has also submitted a separate listing‑standards proposal, though coverage of a coordinated filing among all major exchanges is still pending. Meanwhile, SEC Chair Paul Atkins unveiled Project Crypto — a deregulation push aimed at overhauling outdated securities rules to accommodate on-chain markets, tokenisation, and financial 'super-apps.' In a Thursday speech, Atkins called for 'fit-for-purpose' guidance to clarify which tokens are securities and streamline the creation of regulated crypto products. Despite Friday's ETF outflows, both Bitcoin and Ethereum ended July on strong footing. Bitcoin closed the month above $116,000 — a new monthly all-time high — before slipping back to around $114,000 on Saturday. Ethereum finished July at $3,700, returning to levels last seen in March and December 2024, though it has since dipped to roughly $3,500. Crypto market movers Bitcoin has lost 0.5% in value over the past 24 hours and is trading at $113,840. Ethereum is down 2.7% in the same period to $3,510. What we're reading Trustless VPN signups surge as UK Online Safety Act sparks privacy rush — DL News You don't realize how big July was — Milk Road How Michael Saylor Will Keep Strategy From Ever Being Liquidated of Its Bitcoin — Unchained Coinbase's $1.5bn revenue shows thinning volume as the 'crypto superapp war' wages on — DL News Kyle Baird is DL News' Weekend Editor. Got a tip? Email at kbaird@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
34 minutes ago
- Yahoo
Trump breaks tariff promise again
Trump breaks tariff promise again originally appeared on TheStreet. Even though President Donald Trump has repeatedly said that he wouldn't extend tariff arrangements beyond the Aug. 1 deadline regardless of a deal or not, he again broke his promise by extending the arrangements with Mexico for another 90 days on July 31. The crypto market, which earlier used to react sharply to such tariff announcements, seems to have grown mature over the past few months. Bitcoin was trading at $118,399.76, Ethereum was trading at $3,793.72, and XRP was trading at $3.10. After initiating the global tariff war on Apr. 2, Trump took a dramatic turn on Apr. 9 when he froze tariff hikes for nearly all the countries except China for 90 days. He boasted the U.S. would have 90 deals within the next 90 days but extended the deadline from July 9 to Aug. 1. So far, there are only eight trade deals, including with the EU, the U.K., Japan, and South Korea. The U.S. has failed to reach any final agreement with its key partners such as Canada, Australia, and India. Talks with China are still going look at how the ebbs and flows of the tariff announcements impacted the crypto market. The market cap fell from $2.74 trillion to $2.42 trillion on Apr. 8. The tariff pause announcement on Apr. 9 sent the market into a recovery mode and the cap hit $2.71 trillion on Apr. 12. Since then, the crypto market has grown fairly resilient to such macroeconomic pressures and has been growing steadily. Amid the tariff uncertainty, Bitcoin hit the record high of $123,091.61 on July 14. The crypto market cap stood at $3.86 trillion at the time of writing. Trump breaks tariff promise again first appeared on TheStreet on Jul 31, 2025 This story was originally reported by TheStreet on Jul 31, 2025, where it first appeared.
