Lombard collaborates with Eigen Foundation to introduce Bitcoin re-collateralization into the EigenLayer ecosystem
PANews April 29, according to The Block, Bitcoin re-staking platform Lombard has partnered with the Eigen Foundation, which oversees the governance of the Ethereum re-staking protocol EigenLayer, to introduce Lombard's liquid staking token LBTC into the EigenLayer re-staking ecosystem. This collaboration allows Bitcoin holders to earn basic returns through the Babylon Protocol while participating in EigenLayer re-staking for additional rewards. Jacob Phillips, co-founder of Lombard, stated that this is the first time Bitcoin is accessing the re-staking ecosystem in the form of LBTC, marking a breakthrough in Bitcoin's shift from a value storage to an income tool. Both parties also plan to strengthen Bitcoin's re-collateralization security and slashing design through collaboration in the next six months.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A whale withdrew 1.5 trillion PEPE, equivalent to $13.54 million, from CEX 8 hours ago
Cardone Capital Establishes New Fund, Plans to Acquire Over 1,000 Bitcoins
Data: Today's Fear and Greed Index is 56, indicating a "Greedy State"
Trending news
MoreCrypto prices
More








