Today, @Lombard_Finance finally updated their official Twitter! Tomorrow, Lombard’s co-founder @JacobPPhillips will be attending @Chainlink’s SmartCon in New York, where he’ll introduce the launch of BTC.b. Before his talk, let me give you all a quick rundown of the backstory between Lombard and BTC.b. On October 30th, Lombard acquired the Bitcoin asset BTC.b on Avalanche along with its infrastructure. With a total circulation of $550 million, BTC.b transformed from a single-chain asset into a permissionless multi-chain Bitcoin asset after the acquisition, fully integrated into Lombard’s protocol. 1️⃣ So, what exactly is BTC.b? BTC.b is a bridged token, essentially a wrapped version of BTC that’s transferred from the BTC mainnet to the Avalanche blockchain. Its value is pegged 1:1 with BTC. Users can lock BTC on the Bitcoin network via the Avalanche Bridge, which then mints an equivalent amount of BTC.b on Avalanche’s C-Chain. It’s similar to WBTC (BTC on Ethereum) and BTCB (BTC on Binance Smart Chain). 2️⃣ What can Lombard do with BTC.b? 1. BTC.b is permissionless, has ultra-low minting and redemption fees, and can be natively integrated into DeFi applications via the Lombard SDK, offering an interaction experience comparable to BTC in dApps for the first time. 2. Lombard already has LBTC as a yield-bearing asset, while BTC.b can serve as a non-yield-bearing option for users. BTC.b — A permissionless, non-custodial Bitcoin asset designed for users seeking pure Bitcoin exposure and maximum cross-chain composability. LBTC — A yield-bearing Bitcoin asset tailored for investors who want to maintain Bitcoin exposure while earning returns. 3. By building on a foundation of user trust, high liquidity, and years of integration, Lombard accelerates on-chain Bitcoin liquidity, further enhancing the ecosystem. 3️⃣ What are the benefits of integrating BTC.b into the Lombard ecosystem? BTC.b’s infrastructure is getting a massive upgrade: 1. Enhanced security through Lombard’s decentralized alliance of 15 leading independent digital asset institutions. 2. Improved cross-chain bridging capabilities through collaboration with Chainlink CCIP. 3. Transparent and verifiable reserves enabled by Chainlink Proof of Reserve. 4. Fully backed 1:1 by native Bitcoin, with on-chain verification supported. #BTCb #LombardFinance #Chainlink #SmartCon #DeFi #Crypto