Binance Labs invested approximately $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. The LBTC token developed by Lombard represents Bitcoin staked on the Babylon platform, through which users can participate in DeFi while maintaining the value of the original assets and earning returns. This move shows the market's continued optimism in the DeFi field.