Lombard
BARDConnecting Bitcoin to DeFi with LBTC
News Heat Trend
Project Overview
Founded in April 2024, Lombard is dedicated to unlocking Bitcoin's potential as a dynamic financial tool by connecting it to DeFi. Lombard enables the yield-bearing BTC to move cross-chain without fragmenting liquidity, paving the way to become the single largest catalyst for onboarding net new capital into DeFi. Its flagship product, LBTC—a yield-bearing, cross-chain, liquid Bitcoin backed 1:1 by BTC.
Flow Traders Pilots Lombard Bitcoin Credit Lending Solution to Support Stablecoin Financing with BTC
: Bitcoin financial product platform Lombard Finance has announced the launch of the Bitcoin Onchain Credit Strategy, with global trading firm Flow Traders as the first pilot partner. Under this solution, Flow Traders can borrow stablecoins for market making without providing on-chain collateral. Its collateral security is provided by Bitcoin deposited in the Lombard Bitcoin Earn yield product, and underwriting is completed through the Cap private credit platform. (The Block)
Morpho completes $175 million funding round, led by a16z Crypto and Paradigm
DeFi lending protocol Morpho has announced the completion of a $175 million funding round, led by a16z Crypto, Paradigm, and Ribbit Capital, with participation from Apollo Funds, Circle Ventures, VanEck, and other institutions.The report states that this funding round was priced based on the average price of Morpho tokens over the past month, corresponding to a valuation of approximately $2 billion for the protocol. Morpho allows institutions to customize lending markets and risk parameters on-chain and has already attracted adoption by institutions such as Coinbase, Kraken, Anchorage Digital, and Galaxy Digital.Data shows that Morpho's current Total Value Locked (TVL) is approximately $6.6 billion. The company stated that it will continue to expand its institutional-grade DeFi lending business and strengthen competition with lending protocols like Aave. (Fortune)
Related news
Flow Traders Pilots Lombard Bitcoin Credit Lending Solution to Support Stablecoin Financing with BTC
: Bitcoin financial product platform Lombard Finance has announced the launch of the Bitcoin Onchain Credit Strategy, with global trading firm Flow Traders as the first pilot partner. Under this solution, Flow Traders can borrow stablecoins for market making without providing on-chain collateral. Its collateral security is provided by Bitcoin deposited in the Lombard Bitcoin Earn yield product, and underwriting is completed through the Cap private credit platform. (The Block)
Address allegedly linked to Lombard Finance transfers 750 BTC to Galaxy Digital
According to Onchain Lens monitoring, a wallet address associated with Lombard Finance transferred 750 Bitcoins to Galaxy Digital, valued at approximately $47.8 million; this transaction may be related to OTC trading.
A wallet suspected to be associated with Lombard Finance sent 750 BTC (worth approximately $47.8 million) to Galaxy Digital
Odaily reports, according to Onchain Lens monitoring, a wallet (bc1qg...cnx3n) suspected to be related to Lombard Finance sent 750 BTC, worth approximately $47.8 million, to Galaxy Digital, possibly in connection with an OTC transaction.
Over $7.2 billion in assets migrated from LayerZero to Chainlink CCIP
According to CoinDesk, Mantle announced it will migrate its Super Portal, jointly developed with Bybit with a locked value of $2.5 billion, from LayerZero's OFT standard to Chainlink's CCT standard. The migration window is from July 9 to 15, during which Super Portal services will be suspended. Existing MNT assets and related activities on Byreal and Bybit will not be affected. This migration brings the total assets flowing from LayerZero to Chainlink CCIP to over $7.24 billion. Previously, Kelp ($1.5 billion), Lombard (over $1 billion), Solv Protocol ($700 million), Virtuals Protocol ($700 million), Re ($475 million), Kraken ($330 million), and Yuzu Money ($54.5 million) have successively completed the migration.
Over $7.2 Billion in Assets Migrating from LayerZero to Chainlink CCIP, Mantle Joins the Migration
Mantle is migrating its $2.5 billion Super Portal from LayerZero to the Chainlink CCT standard to enhance security and improve control over token transfer settings. Projects that have previously migrated to Chainlink CCIP include Kelp and Lombard, each transferring over $1 billion in assets, along with Solv Protocol, Virtuals, Re, and Kraken’s tokenized assets.The Mantle migration will take place from July 9 to 15, enabling the project to expand MNT token transfers to more blockchain networks and secure assets through oracles. (CoinDesk).
Morpho completes $175 million funding round, led by a16z Crypto and Paradigm
DeFi lending protocol Morpho has announced the completion of a $175 million funding round, led by a16z Crypto, Paradigm, and Ribbit Capital, with participation from Apollo Funds, Circle Ventures, VanEck, and other institutions.The report states that this funding round was priced based on the average price of Morpho tokens over the past month, corresponding to a valuation of approximately $2 billion for the protocol. Morpho allows institutions to customize lending markets and risk parameters on-chain and has already attracted adoption by institutions such as Coinbase, Kraken, Anchorage Digital, and Galaxy Digital.Data shows that Morpho's current Total Value Locked (TVL) is approximately $6.6 billion. The company stated that it will continue to expand its institutional-grade DeFi lending business and strengthen competition with lending protocols like Aave. (Fortune)