{"id":9135,"date":"2025-08-28T15:35:08","date_gmt":"2025-08-28T15:35:08","guid":{"rendered":"https:\/\/bitunikey.com\/news\/lombard-finance-launches-yield-bearing-bitcoin-token-lbtc-on-solana-with-1-5b-backing\/"},"modified":"2025-08-28T15:35:11","modified_gmt":"2025-08-28T15:35:11","slug":"lombard-finance-launches-yield-bearing-bitcoin-token-lbtc-on-solana-with-1-5b-backing","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/lombard-finance-launches-yield-bearing-bitcoin-token-lbtc-on-solana-with-1-5b-backing\/","title":{"rendered":"Lombard Finance launches yield-bearing Bitcoin token LBTC on\u00a0Solana with $1.5b backing"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">A new decentralized Bitcoin derivative by Lombard Finance is set to offer 1% APY while maintaining full BTC backing across bridge to Solana.<\/p>\n<div id=\"cn-block-summary-block_9acc0223e7ef50bb3050141c90286ee2\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Lombard Finance will offer the yield bearing asset alongside Base, Sui and Ethereum offerings.<\/li>\n<li>Yield bearing on Solana in Bitcoin is the latest offering to bring the protocol\u2019s $1.5 billion in capital to the layer 1.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>On Aug. 28, Lombard Finance officially launched LBTC, its yield-bearing Bitcoin token, on Solana (SOL), bringing the protocol\u2019s $1.5 billion in circulating capital to a Bitcoin fusion with rival layer-1 Solana.<\/p>\n<h2 class=\"wp-block-heading\">How Lombard Finance\u2019s yield-bearing Bitcoin will transform DeFi on Solana<\/h2>\n<p>The SPL token represents a significant expansion for LBTC, which already operates on Ethereum (ETH), Base (BASE), and Sui (<a rel=\"nofollow\" target=\"_blank\" href=\"http:\/\/View\">SUI<\/a>) networks, but now will offer 1% APY though Bitcoin staking via Babylon Labs, the company said in a social media post.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">LBTC is a SPL token that is fully backed by BTC, issued by Lombard, and secured by a decentralized validator network (aka Security Consortium), with real-time proof of reserves.<\/p>\n<p>LBTC has already found a home on Ethereum, Base, Sui, with $1.5B in circulation.<\/p>\n<p>\u2014 Lombard (@Lombard_Finance) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/Lombard_Finance\/status\/1961067329347109089?ref_src=twsrc%5Etfw\" target=\"_blank\">August 28, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>As part of the arrangement, Lombard Finance will maintain full decentralization of its BTC through its Security Consortium validator network that allows for real-time proof of reserves for complete transparency.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Lombard Finance embarks on new Bitcoin yield bearing entities <\/h2>\n<p>The token\u2019s non-rebasing design, the company says, will allow for seamless integration into decentralized finance protocols, money markets, and structured products without compatibility issues faced by other bridges. This feature addresses a critical limitation in the current Solana Bitcoin ecosystem, where users have been restricted to non-yielding BTC derivatives from centralized issuers.<\/p>\n<p>Solana users will be able access LBTC through four primary methods: directly staking Bitcoin to mint LBTC as an SPL token, swapping cbBTC for LBTC with minimal 1 basis point fees on Meteora, or converting any asset to LBTC, or bridging existing LBTC from Ethereum using LayerZero infrastructure.<\/p>\n<p>The launch includes immediate integration with major Solana protocols. Users can trade LBTC\/SOL perpetuals on Drift Protocol, utilize the token in lending markets on Jupiter and Kamino Finance, and benefit from near-zero fee swaps on Meteora from day one.<\/p>\n<p>The expansion represents Lombard\u2019s strategy to capture growing demand for yield-generating Bitcoin products while maintaining the security and upside potential that makes Bitcoin attractive to institutional and retail investors seeking capital efficiency improvements.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new decentralized Bitcoin derivative by Lombard Finance is set to offer 1% APY while maintaining full BTC backing across bridge to Solana. Summary Lombard Finance will offer the yield&hellip;<\/p>\n","protected":false},"author":1,"featured_media":8797,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-9135","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=9135"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9135\/revisions"}],"predecessor-version":[{"id":9136,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/9135\/revisions\/9136"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/8797"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=9135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=9135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=9135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}