Lombard has partnered with Eigenlayer and the Eigen Foundation to integrate bitcoin into Eigenlayer’s restaking ecosystem. This marks the first time bitcoin (via Lombard’s LBTC) will be used as collateral for decentralized services on Ethereum.
Lombard’s LBTC Integrates With Eigenlayer, Unlocking New Bitcoin Utility
The collaboration enables bitcoin (BTC) holders to restake LBTC, earning yield while securing Autonomous Verifiable Services (AVSs) like Layerzero and Babylon-validated networks. Eigenlayer, a leading Ethereum restaking protocol, will expand its ecosystem to include bitcoin ( BTC), traditionally a passive asset.
Lombard’s LBTC, a liquid staking token native to Ethereum, allows bitcoin holders to participate in decentralized finance (DeFi) without sacrificing liquidity. Lombard’s announcement says the integration unlocks dual rewards: base yield from Babylon and additional earnings via Eigenlayer restaking.
The Eigen Foundation will incentivize LBTC adoption across Eigenlayer’s ecosystem, which includes over 190 AVSs and 80,000 staking addresses. Lombard and Eigenlayer said they are also jointly researching slashing risk management to enhance security for restaked bitcoin.
A Decentralized Validation Node (DVN), developed with Layerzero, will further extend bitcoin’s utility by improving cross-chain data availability. The announcement explained that this aligns with Eigenlayer’s modular infrastructure, fostering interoperability.
The teams believe the partnership signals a shift for bitcoin (BTC) from a store of value (SoV) to an active participant in decentralized innovation. Lombard and Eigenlayer aim to redefine BTC’s role in the evolving blockchain landscape.
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Lombard, Eigenlayer Partner to Bring Bitcoin Restaking to Ethereum Ecosystem
Lombard has partnered with Eigenlayer and the Eigen Foundation to integrate bitcoin into Eigenlayer’s restaking ecosystem. This marks the first time bitcoin (via Lombard’s LBTC) will be used as collateral for decentralized services on Ethereum.
Lombard’s LBTC Integrates With Eigenlayer, Unlocking New Bitcoin Utility
The collaboration enables bitcoin (BTC) holders to restake LBTC, earning yield while securing Autonomous Verifiable Services (AVSs) like Layerzero and Babylon-validated networks. Eigenlayer, a leading Ethereum restaking protocol, will expand its ecosystem to include bitcoin ( BTC), traditionally a passive asset.
Lombard’s LBTC, a liquid staking token native to Ethereum, allows bitcoin holders to participate in decentralized finance (DeFi) without sacrificing liquidity. Lombard’s announcement says the integration unlocks dual rewards: base yield from Babylon and additional earnings via Eigenlayer restaking.
The Eigen Foundation will incentivize LBTC adoption across Eigenlayer’s ecosystem, which includes over 190 AVSs and 80,000 staking addresses. Lombard and Eigenlayer said they are also jointly researching slashing risk management to enhance security for restaked bitcoin.
A Decentralized Validation Node (DVN), developed with Layerzero, will further extend bitcoin’s utility by improving cross-chain data availability. The announcement explained that this aligns with Eigenlayer’s modular infrastructure, fostering interoperability.
The teams believe the partnership signals a shift for bitcoin (BTC) from a store of value (SoV) to an active participant in decentralized innovation. Lombard and Eigenlayer aim to redefine BTC’s role in the evolving blockchain landscape.