We are thrilled to announce a partnership between Lombard, Etherlink, and the Tezos Foundation to bring LBTC—the leading liquid staked Bitcoin—to Etherlink, Tezos’ ultra-fast and cost-efficient Layer 2 ecosystem. This integration marks a milestone in expanding Bitcoin’s utility within DeFi and creating new opportunities for BTC holders.

Unlocking Bitcoin’s Potential on Etherlink

At Lombard, our mission is to bring Bitcoin to life onchain, for people, protocols, and platforms. Etherlink was seeking a superior alternative to established Bitcoin derivatives, and LBTC was selected to become the primary BTC asset within the ecosystem. By integrating LBTC, Etherlink offers users a decentralized and transparent way to earn yield on their Bitcoin while participating in a growing DeFi landscape.

Strategic Collaboration

This launch has been made possible through close collaboration with the Tezos Foundation and Etherlink. Together, we are committed to fostering a thriving DeFi ecosystem on Etherlink, bringing greater liquidity and efficiency to BTC-based financial products.

“We believe Bitcoin should be at the center of DeFi. By launching LBTC on Etherlink, we are enabling BTC holders to seamlessly participate in Etherlink’s growing decentralized finance ecosystem. ” said Jacob Phillips, Co-founder of Lombard Finance.

"In our search for a superior Bitcoin solution for the Etherlink ecosystem, LBTC stood out as the ideal choice," said Anthony Hayot, Head of DeFi Adoption at Nomadic Labs. "We're proud to establish LBTC as the primary Bitcoin asset within our ecosystem, offering our users access to one of the most sophisticated Bitcoin solutions available in the DeFi landscape today."

"The Tezos ecosystem has always prioritized innovation, and bringing Bitcoin's leading liquid staked token to Etherlink reflects that foundational vision. This integration will provide BTC holders with new and exciting opportunities in DeFi." said Jean-Frédéric Mognetti, Executive Director of the Tezos Foundation.

As a trusted collaborator, Lombard will support the development of an active DeFi ecosystem with LBTC, and provide opportunities for the Tezos Foundation to securely allocate Bitcoin assets.

Live Now: LBTC on Etherlink

Bridging LBTC to Etherlink is live via Lombard’s native bridge and Stargate.

LBTC is integrated with key DeFi platforms, including:

• OKU – a non-custodial DeFi meta-aggregator offering the best swap and bridge rates across any EVM chain. At the time of writing, OKU has the deepest LBTC/USDC liquidity.
• Superlend – an aggregator that finds top lending and borrowing yields across markets.
• Hanji – a fast, on-chain CLOB DEX with low taker fees and real-time matching. On Hanji, LBTC/USDC pair can be traded.
• IguanaDEX - a decentralized exchange on Etherlink powering seamless token swaps between LBTC/wBTC.

Future integrations with Curve, Morpho and Gearbox are to come.

Apple Farm Incentives

To celebrate the launch, LBTC holders can take advantage of incentives through the Apple Farm program, further enhancing the benefits of using LBTC within the Etherlink ecosystem.

Apple Farm Season 2 allocates more than $3,000,000 in rewards. Participants simply pick a pool and deposit assets to earn applXTZ, which can be redeemed at anytime.

About LBTC

LBTC is a fully BTC-backed, decentralized, and transparent liquid staking token designed to offer a secure and efficient way for Bitcoin holders to earn native BTC yield. With LBTC, users can put their Bitcoin to work while maintaining full on-chain verifiability and accessibility.