Lombard, the leading developer of secure Bitcoin infrastructure with over $1B in Total Value Locked, today announces the launch of its flagship product, LBTC, on Base. This expansion brings the leading Bitcoin Liquid Staking Token (LST) to one of the fastest-growing layer 2 blockchains, extending Bitcoin’s potential into Base’s thriving DeFi ecosystem with Day 1 DeFi integrations.

The introduction of LBTC on Base provides holders with access to a wider range of lending, borrowing, and trading protocols while introducing Base users to Bitcoin staking rewards. The integration consists of a two-phase rollout. Phase one, live today, enables seamless cbBTC to LBTC mints facilitated by a Private Market Maker (PMM). Building on this foundation, phase two will introduce direct native BTC staking capabilities through Coinbase, powered by Chainlink's Cross-Chain Interoperability Protocol (CCIP).

By collaborating with ecosystems like Base, Lombard advances its role as the essential connective tissue in Web3, unifying the ecosystem and addressing fragmented liquidity challenges. At launch, LBTC is live on Base’s leading DeFi protocols, including Pendle which launched on Base today, Aerodrome which provides liquidity for traders, ZeroLend and Morpho which offer lending, looping, and borrowing services to their users. Users can also access Lombard’s DeFi Vault, a one-click solution for earning DeFi yields with LBTC, powered by Veda.

“Since our launch in late August, Lombard has onboarded more than half a billion dollars of net new capital into DeFi," said Jacob Phillips, Co-Founder at Lombard. “Through DeFi integrations on chains like Base, we can continue to enable economic empowerment for individuals, institutions, and protocols without compromising on control, security, or liquidity.”

With Base’s rapid growth and Coinbase’s institutional support, Lombard is expanding into an ecosystem that offers security and scalability essential for institutional DeFi adoption. This integration marks a milestone in Lombard’s multi-chain strategy to position Bitcoin as the core asset in DeFi while setting new standards for institutional-grade Bitcoin liquid staking solutions.