Proof of Play Adds ‘Boss’ as Second Arbitrum Orbit Chain, Lombard Launches LBTC

Lombard has publicly launched LBTC, a “yielding cross-chain Bitcoin token designed for DeFi use”. According to the team: “The launch follows a successful private beta that attracted more than $165 million in deposits from over 600 institutional allocators. LBTC allows users to stake Bitcoin through Babylon and use it through various DeFi protocols. Initial integration includes major DeFi protocols such as Symbiotic, Morpho, Pendle, Corn, Gauntlet, Derive, EtherFi and Gearbox.”