Venus DeFi Strategies: LBTC

🔸 LBTC is a Bitcoin LST on Ethereum that enables BTC holders to participate in DeFi while maintaining exposure to Bitcoin.

For LBTC Market on Venus Core Pool : app.venus.io/#/core-pool?chainId=1

What are the advantages of LBTC in Venus? Let’s dive in 🧵

📌 LBTC is a Bitcoin Liquid Staked Token, building on top of Babylon’s Bitcoin staking, they created LBTC to unlock Bitcoin’s liquidity. BTC staked to Lombard is restaked into Babylon to earn a native yield. LBTC represents BTC staked into Babylon.

LBTC is backed 1:1 to BTC.

With LBTC, Lombard Points for stakers/suppliers, and the liquidity to use LBTC across DeFi and can be used as collateral on Venus.

📌 Users can now on Venus: • Supply LBTC as collateral on Venus • Borrow against LBTC • Participate in Venus markets while maintaining Bitcoin exposure • Benefit from Lombard Finance’s Lux Program and earn Babylon Points

📌Conclusion: LBTC on Venus opens the door for users to tap into a range of incentives from leading BTCfi protocols, including Lombard and Babylon. LBTC deployed on Venus earns Babylon Points and benefits from Lombard’s Lux program, providing a 3x Lux boost for LBTC collateral on Venus.

Learn more about LBTC and Venus Protocol: Venus Markets: app.venus.io

LBTC: lombard.finance

Technical details: docs-v4.venus.io