According to ChainCatcher news, Lombard Finance has announced that its Bitcoin-based liquidity staking token LBTC will be launched on the Sui blockchain, marking its first expansion to a non-Ethereum Virtual Machine (EVM) compatible chain. This expansion will extend LBTC beyond its current blockchains, including Ethereum, Base, and BNB Chain, with the aim of using Bitcoin as collateral for decentralized finance (DeFi) applications.
Lombard Finance to launch LBTC, a Bitcoin-based liquid staking token on Sui
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