Lombard Finance Introduces SDK for One-Click Bitcoin Staking
Lombard Finance has launched a software development kit (SDK) enabling wallets and exchanges to offer one-click Bitcoin (BTC) staking. Key points include:
- The SDK aims to integrate BTC into the decentralized finance (DeFi) ecosystem, targeting around $154 billion in idle Bitcoin on centralized exchanges.
- Users can stake BTC to mint a liquid staking token called LBTC, which offers an annual yield of 3% when deposited into Lombard's DeFi Vault.
- Exchanges like Binance and Bybit have integrated the SDK, with additional support for wallets such as xVerse, Metamask, and Trust Wallet.
- Bitcoin staking via Lombard has reached a $4 billion market, with over $200 million currently locked in their DeFi Vault.
- The LBTC token was recently launched on the Sui blockchain.