Lombard Finance Unveils SDK to Simplify Bitcoin Staking, Expanding DeFi Integration
Lombard Finance has launched an innovative software development kit (SDK) designed to simplify Bitcoin (BTC) staking for exchanges, wallets, and other platforms, enabling seamless integration into decentralized finance (DeFi). This new release aims to bring more Bitcoin into the DeFi ecosystem, unlocking the $154 billion in BTC currently sitting idle on centralized exchanges.
The SDK allows users to stake their Bitcoin and mint LBTC, a liquid staking token, which is automatically routed into Lombard’s DeFi Vault. With an annual yield of 3%, the system offers Bitcoin holders a chance to earn while participating in DeFi, enhancing the utility of their assets.
“Bitcoin is no longer just a store of value; it’s becoming a pivotal asset in DeFi, offering holders new opportunities to generate returns,” said Jacob Phillips, co-founder of Lombard Finance. “Our SDK streamlines the staking process, removing complexity for both platforms and their users.”
Top cryptocurrency exchanges like Binance and Bybit have already integrated the SDK, while wallet providers such as xVerse, Metamask, and Trust Wallet are also onboard. These integrations provide platforms with new revenue opportunities and help keep users engaged with innovative DeFi solutions.
Since launching its Bitcoin staking services seven months ago, Lombard Finance has seen rapid growth, with the DeFi Vault now holding over $200 million in total value locked (TVL). The platform recently expanded further with the launch of its LBTC token on the Sui blockchain, extending Bitcoin’s reach in the DeFi space.
