Lombard collaborates with Eigen Foundation to introduce Bitcoin re-collateralization into the EigenLayer ecosystem
PANews April 29, according to The Block, Bitcoin re-staking platform Lombard has partnered with the Eigen Foundation, which oversees the governance of the Ethereum re-staking protocol EigenLayer, to introduce Lombard's liquid staking token LBTC into the EigenLayer re-staking ecosystem. This collaboration allows Bitcoin holders to earn basic returns through the Babylon Protocol while participating in EigenLayer re-staking for additional rewards. Jacob Phillips, co-founder of Lombard, stated that this is the first time Bitcoin is accessing the re-staking ecosystem in the form of LBTC, marking a breakthrough in Bitcoin's shift from a value storage to an income tool. Both parties also plan to strengthen Bitcoin's re-collateralization security and slashing design through collaboration in the next six months.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Virtuals Protocol has fixed the TP cooldown error and launched user compensation
Phantom launches its LST token PSOL
Proposal to Airdrop USD1 to WLFI Holders Approved
Trending news
MoreCrypto prices
More








