🚀 A new battle for dominance in DeFi is heating up! With $126 billion locked in DeFi protocols, Ethereum's ETH and staked derivatives lead the pack. But Bitcoin-based Lombard Finance aims to shake things up with LBTC, a yield-bearing Bitcoin token. Co-founder Jacob Philips argues Bitcoin should be the prime DeFi collateral, just like in centralized venues.

Lombard's LBTC, integrated with Babylon, promises to offer staking yields, challenging Ethereum's dominance. With fierce competition from wrapped tokens and stablecoins, can LBTC carve its niche? Share your thoughts below! 💬