đ Bitcoin's making waves in DeFi! Lombard Finance is shaking up the scene with LBTC, a new liquid bitcoin token aiming to dethrone ETH as the go-to collateral. With Bitcoin's stellar 133% rise this year, could it become the backbone of DeFi liquidity? đ€
Lombard's Jacob Philips believes Bitcoin's rock-solid value makes it perfect collateral. Their Babylon protocol plans to offer yield-bearing LBTC tokens, potentially transforming DeFi dynamics. But can it outshine stETH and weETH?
Join the conversation! What do you think about Bitcoin's role in DeFi? đŹ #DeFi #Bitcoin #CryptoRevolution