According to BlockBeats news on January 5, a report jointly released by multiple BTC ecosystem projects including Nubit, Nebra, Bitcoin Layers, and Alpen Labs, has conducted a security verification of Lombard Finance using the TVL verification tool.
Validation results show that Lombard's on-chain collateral amounts to 16,580.92 BTC, of which 90.64% of BTC is staked in accordance with the Babylon protocol, achieving an over-collateralization of 101.19% of the total LBTC supply.
The report states that the verification took place 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.