Proof of Play Adds “Boss” as Second Arbitrage Orbit Chain, Lombard Launches LBTC

Lombard publicly launched LBTC, a “cross-chain yield-bearing Bitcoin token designed for DeFi use.” According to the team: “The launch follows a successful private beta that attracted over $165 million in deposits from over 600 institutional allocators. LBTC allows users to stake Bitcoin via Babylon and use it on various DeFi protocols. Initial integrations include major DeFi protocols such as Symbiotic, Morpho, Pendle, Corn, Gauntlet, Derive, EtherFi, and Gearbox.”