🎉Good news! Bitcoin re-staking protocol Lombard has successfully completed a $16 million seed round of financing! This round of financing was led by Polychain Capital, with participation from BabylonChain, Inc., dao5, Franklin Templeton, Foresight Ventures, Mirana Ventures, Mantle EcoFund and Nomad Capital. 💰

Lombard plans to use the funds to develop the Bitcoin re-staking ecosystem while promoting the subsequent development of the Bitcoin staking protocol Babylon. 🚀Once a user stakes Bitcoin through Babylon, Lombard will use the token LBTC to issue liquidity and yield representation of the staked Bitcoin to unlock liquidity. 🔓

According to official news, Lombard plans to integrate LBTC into the Ethereum DeFi protocol later this year. This will undoubtedly provide more possibilities for Bitcoin's liquidity and returns. 🌐Let us look forward to the future development of Bitcoin! 🎈