Golden Finance reported that Binance Labs has invested about $1 million in Lombard, a Bitcoin liquidity staking platform. Lombard is currently the largest Bitcoin liquidity staking platform with a total locked value (TVL) of more than $640 million. Lombard has developed the LBTC token, which represents Bitcoin staked to the Babylon platform. Users can use the platform to maintain the value of the original asset and earn income while participating in DeFi.