The post Lombard Brings $1.5 B Yield-Bearing Bitcoin Token to Solana appeared on BitcoinEthereumNews.com. Bitcoin-staking startup Lombard Finance has deployed its yield-bearing LBTC token on the Solana blockchain, widening access to a product that lets holders earn about 1% annual yield while maintaining full Bitcoin backing Bitcoin-staking startup Lombard Finance has deployed its yield-bearing LBTC token on the Solana blockchain, widening access to a product that lets holders earn about 1% annual yield while maintaining full Bitcoin backing. LBTC is issued through a decentralized validator consortium that provides real-time proof-of-reserves. The token has amassed more than $1.5 billion in circulation across multiple networks, after reaching $1 billion in total value locked within 92 days of its initial release earlier this year. The move brings native Bitcoin liquidity to Solana’s decentralised-finance applications and follows Lombard’s earlier integrations with Ethereum, Base, Sui and BNB Chain. The company says deep liquidity incentives are in place on Solana from launch. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz. Source: https://thedefiant.io/news/defi/lombard-brings-1-5-b-yield-bearing-bitcoin-token-to-solana-15cfe994The post Lombard Brings $1.5 B Yield-Bearing Bitcoin Token to Solana appeared on BitcoinEthereumNews.com. Bitcoin-staking startup Lombard Finance has deployed its yield-bearing LBTC token on the Solana blockchain, widening access to a product that lets holders earn about 1% annual yield while maintaining full Bitcoin backing Bitcoin-staking startup Lombard Finance has deployed its yield-bearing LBTC token on the Solana blockchain, widening access to a product that lets holders earn about 1% annual yield while maintaining full Bitcoin backing. LBTC is issued through a decentralized validator consortium that provides real-time proof-of-reserves. The token has amassed more than $1.5 billion in circulation across multiple networks, after reaching $1 billion in total value locked within 92 days of its initial release earlier this year. The move brings native Bitcoin liquidity to Solana’s decentralised-finance applications and follows Lombard’s earlier integrations with Ethereum, Base, Sui and BNB Chain. The company says deep liquidity incentives are in place on Solana from launch. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz. Source: https://thedefiant.io/news/defi/lombard-brings-1-5-b-yield-bearing-bitcoin-token-to-solana-15cfe994