According to BlockBeats news, on January 5, a report (Proof of TVL) co-released by several BTC ecosystem projects including Nubit, Nebra, Bitcoin Layers, and Alpen Labs has conducted a security verification of Lombard Finance using the TVL verification tool.
The verification results show that the total on-chain collateral of Lombard amounts to 16,580.92 BTC, of which 90.64% of the BTC is staked according to the Babylon protocol specifications, and the total supply of LBTC has achieved an over-collateralization of 101.19%.
The report indicates that the verification was conducted on January 4, 2025, at 7:30 PM Pacific Standard Time, and this data is fully reproducible without manual intervention.
Currently, the TVL verification tool proposed by Nubit has been fully open-sourced, helping users verify the authenticity of BTCFi project assets in real-time.
