Lombard Finance Introduces Solution to Unlock Bitcoin’s $154 Billion DeFi Market

Lombard Finance Launches SDK to Simplify Bitcoin Staking, Expanding DeFi Access

Lombard Finance, a pioneer in Bitcoin infrastructure, has launched a new software development kit (SDK) designed to simplify the process of staking Bitcoin (BTC) for wallets, exchanges, and platforms. This new tool aims to bring more Bitcoin into the decentralized finance (DeFi) space by enabling users to stake BTC with a single click.

With an estimated $154 billion in Bitcoin sitting idle on centralized exchanges, Lombard Finance is working to tap into this untapped potential. The SDK allows users to stake their Bitcoin and mint LBTC, a liquid staking token, which is then automatically deposited into Lombard’s DeFi Vault. The current annual yield for staking BTC in the vault is 3%.

“Bitcoin has always been seen as a store of value, but it’s now becoming an integral part of the DeFi ecosystem, offering new earning opportunities for holders,” said Jacob Phillips, co-founder of Lombard Finance. “Our SDK makes the staking process simple and accessible for both platforms and users.”

Leading exchanges like Binance and Bybit have already integrated the new SDK, with wallet integrations also including xVerse, Metamask, and Trust Wallet. For these platforms, the integration introduces new revenue streams and a fresh way to engage users with DeFi.

Since launching Bitcoin staking seven months ago, Lombard’s platform has grown rapidly, with the DeFi Vault now holding over $200 million in total value locked (TVL). The protocol also expanded recently with the introduction of LBTC on the Sui blockchain.