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Lombard has another piece of good news!
As we all know, Lombard supports many chains. So far, LBTC is primarily on the Ethereum mainnet, followed by the SUI chain. See the data:
lombard.finance/por
So I've always wondered which chain Lombard will expand to next. Will it be Aptos, a Move-based blockchain like SUI, or EVM-based chains like Polygon or HyperLiquid? I've overlooked Solana, a public chain second only to Ethereum.
And today, Lombard is coming to Solana!
So how do you get LBTC on Solana?
1. Native mint
2. Cross-chain (LayerZero)
3. Convert cbBTC to LBTC (zero fees)
So, what applications on Solana can you use LBTC for? For example: Drift, Kamino, Meteora, Orca, Jito, JupLend
You can pledge LBTC on Kamino and JupLend to borrow USDC, and you can also trade LBTC on platforms like Drift and Jito.
If you have LBTC, please participate!
Lombard
@Lombard_Finance
08-28
Yield-bearing Bitcoin, now available natively on Solana.
Take advantage of LBTC's in-built ~1% APY while you participate in all your favourite DeFi Apps.
Supported by deep liquidity and strong incentives, here’s everything you can do with LBTC on Day 1 ↓
This is a good release time.
Hahaha, the operational pace is good.
Next month, it's token economics.
There is something wrong. I wrote jito to swap LBTC, it should be jup. I am confused 😅
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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