According to BlockBeats news, on January 5, a report jointly released by several BTC ecosystem projects including Nubit, Nebra, Bitcoin Layers, and Alpen Labs, has conducted a security verification of Lombard Finance through the TVL verification tool.
Verification results show that the total on-chain collateral of Lombard amounts to 16,580.92 BTC, of which 90.64% of BTC has been staked according to the Babylon protocol, achieving an over-collateralization of 101.19% of the total supply of LBTC.
The report indicates that the verification took place on January 4, 2025, at 7:30 PM Pacific Standard Time, and this data is fully replicable without human 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.
