According to Binance blog , Binance Labs announced an investment in Lombard. Lombard is the developer and issuer of LBTC, a security-first Bitcoin liquidity staking token that 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. Lombard is currently the largest Bitcoin liquidity staking platform, with a total locked value (TVL) of over $500 million. This investment will help Lombard expand to more blockchain networks and further promote the integration of Bitcoin and DeFi.