Bitcoin re-staking protocol Lombard completes $16 million seed round of financing, led by Polychain Capital

According to TechFlow, The Block reported that Lombard, a Bitcoin re-staking protocol, has completed a $16 million seed round of financing, led by Polychain Capital. Lombard will use the funds to expand its Bitcoin re-staking ecosystem and develop together with Babylon, a Bitcoin staking protocol. Lombard releases liquidity by issuing liquid and profitable staked Bitcoin tokens, LBTC.