๐ Lombard has just secured $17.00M in its funding rounds! ๐
๐นAbout: Lombard is a crypto project aiming to transform Bitcoin from a mere store of value into a productive financial tool within the decentralized finance (DeFi) ecosystem. Founded in April 2024, Lombard's mission is to unlock Bitcoin's utility by creating infrastructure and distribution channels that enable Bitcoin to be used as collateral, staked, traded, and transferred at scale. The project's flagship product, LBTC (Liquid Bitcoin), is a yield-bearing, cross-chain, and 1:1 BTC-backed token designed to seamlessly integrate Bitcoin into DeFi while maintaining its security and integrity. By doing so, Lombard seeks to expand the digital economy and provide users with new ways to earn returns on their Bitcoin holdings. The project is backed by prominent investors and aims to drive innovation and growth in the crypto space. ๐๐
๐น Lead Investors: Polychain Capital, Binance Labs, OKX ventures, HTX Ventures and many more.
๐น Total Raised: $17.00M.
๐น Project Category: DeFi, Bitcoin Scaling, Restaking.
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