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