# Lombard Finance

> Lombard is the Bitcoin Finance Protocol, operating at the intersection of Bitcoin and DeFi. Lombard's products, LBTC, BTC.b, the Lombard SDK, Bitcoin Smart Accounts, and Bitcoin Earn, enable Bitcoin holders, corporate treasuries, and financial institutions to earn yield on, borrow against, and deploy their Bitcoin onchain.

Lombard has onboarded $3B+ in Bitcoin, serves over 270,000 users, and is integrated into platforms including Ledger, Binance, Bybit, and 50+ DeFi protocols. LBTC is live on 10+ chains; BTC.b is live on 6.

## Core Products

- [LBTC](https://www.lombard.finance/products/lbtc/): Lombard's flagship yield-bearing Bitcoin asset, targeting 2.5% net APY in BTC terms. Yield is generated via a covered-call options strategy managed by Bitwise Investment Manager, a global crypto asset manager. LBTC combines an institutional off-chain yield strategy with yield denominated in Bitcoin and full composability across DeFi.
- [BTC.b](https://www.lombard.finance/products/btcb/): BTC.b is how bitcoin moves onchain. A credibly neutral Bitcoin asset for EVM chains, secured by Lombard's 14-member Security Consortium with BFT consensus. Live on Ethereum, Avalanche, MegaETH, Katana, Stable, and Monad.
- [Bitcoin Smart Accounts (BSA)](https://www.lombard.finance/products/bitcoin-smart-accounts/): Enables custodians and wallets to offer clients productive Bitcoin without leaving qualified custody. Bitcoin holders access onchain opportunities from the security of custody, with no transfer of title, custody, or control.
- [Bitcoin Earn](https://www.lombard.finance/products/bitcoin-earn/): Managed yield strategies for Bitcoin holders. Up to 4% APY. No DeFi complexity required. Bitcoin yield on auto-pilot.
- [Lombard SDK](https://www.lombard.finance/products/sdk/): A single TypeScript integration that gives any platform access to LBTC, BTC.b, and Bitcoin Earn. Used by Ledger, Binance, and Bybit. Ships in 2–4 weeks.
- [Products overview](https://www.lombard.finance/products/): Every Lombard product in one place.

## Institutional

- [Institutional overview](https://www.lombard.finance/institutional/): Lombard serves custodians, asset managers, family offices, hedge funds, and corporate treasuries with Bitcoin Smart Accounts, onchain Bitcoin opportunities, and LBTC.
- [Bitcoin Smart Accounts for institutions](https://www.lombard.finance/products/bitcoin-smart-accounts/): Full product detail on Bitcoin Smart Accounts for the institutional audience: yield and liquidity from qualified custody, without transferring custody, control, or title.
- [Institutional contact](https://www.lombard.finance/institutional/contact/): Direct contact for institutional enquiries.

## Integrations

- [Integrations overview](https://www.lombard.finance/integrations/): Two integration pathways: the Lombard SDK (for wallets, exchanges, DeFi protocols, fintechs) and Bitcoin Smart Accounts (for custodians). Covers use cases, security, and partner case studies.
- [SDK integration](https://www.lombard.finance/integrations/sdk/): Technical detail, integration steps, and partner documentation for the Lombard SDK.
- [BTC.b integration](https://www.lombard.finance/integrations/btcb/): Integration guide for deploying BTC.b as a native, whitelabelable Bitcoin asset on any chain.
- [BSA integration](https://www.lombard.finance/integrations/bsa/): Integration guide for custodians deploying Bitcoin Smart Accounts.
- [Integrations contact](https://www.lombard.finance/integrations/contact/): Talk to the integrations team about LBTC, BTC.b, the Lombard SDK, Bitcoin Earn, and Bitcoin Smart Accounts.

## Transparency

- [LBTC transparency dashboard](https://www.lombard.finance/transparency/lbtc/): Real-time Proof of Reserve data for LBTC, including onchain attestations, Security Consortium signing events, and audit logs. Independently verified by Chainlink.
- [BTC.b transparency dashboard](https://www.lombard.finance/transparency/btcb/): Live supply and reserve data for BTC.b across every chain it is deployed on.

## Security

- [Security architecture](https://www.lombard.finance/security/): Lombard's 14-member Security Consortium (BFT consensus), HSM-backed key management, dual-layer bridge verification, 10+ independent audits, and zero security incidents.

## Company

- [About Lombard](https://www.lombard.finance/about/): Who Lombard is, the mission to bring $1 trillion in Bitcoin onchain, and the team behind it.
- [Research & insights](https://www.lombard.finance/blog/): Bitcoin infrastructure research and product updates, covering LBTC, BTC.b, Bitcoin Smart Accounts, and institutional Bitcoin yield.

## Key Facts

- **Founded**: 2024
- **Bitcoin onboarded**: $3B+
- **Users**: 270,000
- **DeFi protocols**: 50+
- **LBTC chains**: 10+
- **BTC.b chains**: 6 (Ethereum, Avalanche, MegaETH, Katana, Stable, and Monad)
- **LBTC target yield**: 2.5% net APY, in BTC terms, from a Bitwise-managed covered-call strategy
- **Bitcoin Earn target yield**: up to 4% APY
- **Security Consortium**: 14 members including Galaxy, DCG, Kiln, Figment, P2P, Chorus One, Nansen, Wintermute, Amber Group
- **Audits**: 10+ independent security audits (Halborn, Cantina, OpenZeppelin, Spearbit, Sherlock, Veridise, Informal Systems)
- **Security incidents**: Zero
- **Institutional backers**: Polychain Capital, OKX Ventures, Franklin Templeton
- **Key custodians**: Anchorage Digital Bank, Kraken Financial

## About

Lombard was built to connect two of the most important financial innovations of our time: Bitcoin and onchain finance. Lombard is on a mission to bring $1 trillion in Bitcoin onchain, making Bitcoin one of the most productive assets in DeFi. Lombard issues LBTC and BTC.b and builds the infrastructure that lets Bitcoin move across DeFi, institutional products, and custody environments while remaining fully backed and independently verified.

## Articles

- [LBTC Moves to Institutional Yield: Targeting 2.5% Net APY, Strategy Managed by Bitwise](https://www.lombard.finance/blog/LBTC-Moves-to-Institutional-Yield-Managed-by-Bitwise/): Starting the week of 17 August, LBTC's yield source moves to an institutional covered-call options strategy managed by Bitwise Investment Manager, LLC, targeting 2.5% net APY in Bitcoin terms.
- [Introducing Bitcoin Onchain Credit Strategy: A New Source of Bitcoin Yield from Institutional Credit](https://www.lombard.finance/blog/bitcoin-onchain-credit-strategy/): Bitcoin Earn's newest allocation generates yield from a source most DeFi products have never touched — a fixed premium allocated by institutional participants to borrow stablecoins onchain
- [Lombard Is Exclusively Migrating to Chainlink CCIP To Secure $1B+ in Bitcoin Assets ](https://www.lombard.finance/blog/lombard-is-exclusively-migrating-to-chainlink-ccip-to-secure-1-b-in-bitcoin-assets/): After an extensive internal security review following the recent LayerZero exploit, Lombard has decided to fully migrate to Chainlink CCIP as its exclusive cross-chain infrastructure.
- [Bitcoin Smart Accounts: architecture, explained. ](https://www.lombard.finance/blog/bitcoin-smart-accounts-architecture-explained/): A technical guide to the architecture behind Bitcoin Smart Accounts (BSA).
- [Lombard Is Live on Aave V4: The World's Largest Lending Protocol Just Got an Upgrade](https://www.lombard.finance/blog/lombard-is-live-on-aave-v4-the-world-s-largest-lending-protocol-just-got-an-upgrade/): Lombard has launched a dedicated Spoke within V4’s hub-and-spoke architecture.
- [Bitwise Joins Lombard's Bitcoin Smart Accounts as Strategic Yield Partner](https://www.lombard.finance/blog/bitwise-joins-bitcoin-smart-accounts-as-strategic-yield-partner/)
- [Introducing Bitcoin Earn: Bitcoin Yield on Autopilot](https://www.lombard.finance/blog/introducing-bitcoin-earn-bitcoin-yield-on-autopilot/): Introducing Bitcoin Earn: Bitcoin Yield on Autopilot Delivering up to 3.9% APY in Bitcoin-denominated yields.
- [Lombard Introduces Bitcoin Smart Accounts: The First Rail Between Institutional Custody and Onchain Finance](https://www.lombard.finance/blog/lombard-introduces-bitcoin-smart-accounts/): Bitcoin Smart Accounts do for custodial BTC what SWIFT did for international banking.
- [Hardest Money meets Fastest Chain: BTC.b is Live on MegaETH](https://www.lombard.finance/blog/hardest-money-meets-fastest-chain-btc-b-is-live-on-mega-eth/): BTC.b is the canonical Bitcoin asset on MegaETH, the first real-time blockchain designed to operate at speeds that rival Web2 platforms like Stripe and Google.
- [Bitcoin Connect: The Developer Platform To Bring Native BTC to Any Application Debuts with the Lombard SDK](https://www.lombard.finance/blog/bitcoin-connect-the-developer-platform-to-bring-native-btc-to-any-application-debuts-with-the-lombard-sdk/): Lombard launches the first-ever developer platform enabling teams to build with Bitcoin on any chain, protocol, or application.
- [Ledger Wallet Introduces ‘BTC Yield’ with Lombard: A Major Catalyst for Onchain Bitcoin Growth](https://www.lombard.finance/blog/ledger-wallet-introduces-btc-yield-with-lombard/)
- [Lombard Revealed as Stable's Bitcoin Partner](https://www.lombard.finance/blog/stable-adopts-lombard-s-btc-b-as-its-canonical-bitcoin-asset/): Lombard is proud to be Stable's Bitcoin partner, establishing BTC.b as the canonical BTC on the network, and bringing a next-generation BTC asset to an institutional-grade blockchain built for stablecoins.
- [Société Générale-Forge Adopts LBTC to Enable MiCA-compliant Stablecoin Borrowing in DeFi](https://www.lombard.finance/blog/societe-generale-forge-adopts-lbtc-to-enable-mica-compliant-stablecoin-borrowing-in-de-fi/)
- [BTC.b Technical Transition to Lombard's Architecture](https://www.lombard.finance/blog/btcb-technical-transition-to-lombard-architecture/)
- [Lombard Acquires BTC.b from Ava Labs in First-of-Its-Kind Deal](https://www.lombard.finance/blog/lombard-acquires-btcb-from-ava-labs/)
- [Lombard x Story: Building Bitcoin-Backed Infrastructure for the Creator Economy](https://www.lombard.finance/blog/lombard-x-story-building-bitcoin-backed-infrastructure-for-the-creator-economy/)
- [Lombard Partners with Resolv to Power New BTC Cluster Backing USR Stablecoin](https://www.lombard.finance/blog/lombard-partners-with-resolv-to-power-new-btc-cluster-backing-usr-stablecoin/)
- [Lombard Partners with Cap and Symbiotic to Secure Institutional Credit with LBTC ](https://www.lombard.finance/blog/lombard-partners-with-cap-and-symbiotic-to-secure-institutional-credit-with-lbtc/): Lombard has partnered with Cap, a stablecoin protocol on Ethereum, to introduce a new application for LBTC, Lombard’s yield-bearing Bitcoin.
- [Lombard Joins Canton Network as Validator, Expanding Institutional Bitcoin Use-cases in the Canton Ecosystem](https://www.lombard.finance/blog/lombard-joins-canton-network-as-validator-expanding-institutional-bitcoin-use-cases-in-the-canton-ecosystem/): Lombard joins the Canton Network as a validator, expanding institutional Bitcoin use-cases within the ecosystem.
- [A Collaboration Between Bitcoin Ecosystems: Lombard × Botanix](https://www.lombard.finance/blog/a-collaboration-between-bitcoin-ecosystems-lombard-botanix/)
- [LBTC is Live on Starknet: Yield-bearing BTC Meets BTCFi Season](https://www.lombard.finance/blog/lbtc-is-live-on-starknet-yield-bearing-btc-meets-btc-fi-season/)
- [Welcoming Kraken to the Lombard Security Consortium](https://www.lombard.finance/blog/welcoming-kraken-to-the-lombard-security-consortium/): We're thrilled to announce that Kraken, one of the world's longest-standing, most liquid, and secure cryptocurrency exchanges, has joined Lombard's Security Consortium.
- [KODA and Lombard Finance Announce Collaboration to Explore Institutional Bitcoin Yield Products in Korea](https://www.lombard.finance/blog/koda-and-lombard-finance-announce-collaboration-to-explore-institutional-bitcoin-yield-products-in-korea/): Lombard is announcing a strategic collaboration with Korea Digital Asset (KODA), Korea’s leading institutional digital-asset custodian
- [Introducing $BARD: The Token Powering Bitcoin Capital Markets Onchain](https://www.lombard.finance/blog/bard-tokenomics/): Introducing the Token Powering Bitcoin Capital Markets
- [Lombard, Chainlink, and Symbiotic Launch First-of-Its-Kind Cryptoeconomic Guarantee Layer for Cross-Chain LBTC Transfers](https://www.lombard.finance/blog/lombard-chainlink-and-symbiotic-launch-first-of-its-kind-cryptoeconomic-guarantee-layer-for-cross-chain-lbtc-transfers/): The collaboration introduces BARD token utility through restaking while establishing new cryptoeconomic guarantee paradigm for cross-chain LBTC transfers
- [1 Year of Lombard: From Bitcoin LST Leadership to Building Bitcoin Capital Markets ](https://www.lombard.finance/blog/1-year-of-lombard-from-bitcoin-lst-leadership-to-building-bitcoin-capital-markets/): This blog reflects on Lombard’s first year.
- [Everything you need to know about the team building Bitcoin Capital Markets](https://www.lombard.finance/blog/everything-you-need-to-know-about-the-team-building-bitcoin-capital-markets/): This post is a welcome to everyone — new and old — to Lombard. It looks back at the what, why, and who of Lombard, and the vision that’s guided us since day one.
- [Hardest Money Meets Fastest Chain: Lombard Set to Become MegaETH’s Primary BTC Partner](https://www.lombard.finance/blog/hardest-money-meets-fastest-chain-lombard-set-to-become-mega-eth-s-primary-btc-partner/): Today we’re excited to share that MegaETH has chosen Lombard as its Primary Bitcoin partner. T
- [Lombard attracts $94.7M Contributions for $BARD Community Sale on Buidlpad](https://www.lombard.finance/blog/lombard-attracts-94-7-m-contributions-for-bard-community-sale-on-buidlpad/): We surpassed demand by 1,400%, saw 133,000+ subscribe to the campaign, and final contributions from 21,340 participants from 132 countries totalling $94.7 million.
- [Bitcoin is set to join the Dogecoin community with Lombard and DogeOS](https://www.lombard.finance/blog/bitcoin-is-set-to-join-the-dogecoin-community-with-lombard-and-doge-os/): For the first time in crypto history, Bitcoin is set to join the Dogecoin community.
- [LBTC Comes to Solana: Yield-Bearing Bitcoin Meets High-Performance DeFi](https://www.lombard.finance/blog/lbtc-comes-to-solana-yield-bearing-bitcoin-meets-high-performance-de-fi/): Bitcoin’s most important upgrade has arrived on Solana.
- [Lombard Brings Native Bitcoin Staking to 1.6M+ Xverse Users](https://www.lombard.finance/blog/lombard-brings-native-bitcoin-staking-to-1-6-m-xverse-users/): Xverse has integrated the Lombard SDK, bringing native Bitcoin staking to over 1.6 million users.
- [Join the UGC Campaign for Priority Access to the $BARD Community Sale ](https://www.lombard.finance/blog/join-the-ugc-campaign-for-priority-access-to-the-bard-community-sale/): UGC campaign for priority access to $BARD community sale
- [Lombard Announces $BARD and a Pre-launch Community Sale](https://www.lombard.finance/blog/lombard-announces-bard-and-pre-launch-community-sale/): Announcing BARD and a pre-launch community sale via Buidlpad
- [Introducing Yield-Bearing Bitcoin: LBTC Now Accrues BTC Yield](https://www.lombard.finance/blog/yield-bearing-bitcoin-lbtc/)
- [The Brand that Makes Bitcoin Move](https://www.lombard.finance/blog/the-brand-that-makes-bitcoin-move/): Lombard has evolved from a single-product protocol into the foundation for Bitcoin capital markets — here’s how our new brand captures that shift and sets the stage for Bitcoin’s next chapter.
- [Lombard Brings Bitcoin’s Leading Liquid Staked Token to Etherlink](https://www.lombard.finance/blog/lombard-brings-bitcoin-s-leading-liquid-staked-token-to-etherlink/)
- [Lombard: Full-stack Infrastructure Bringing Bitcoin to Life Onchain](https://www.lombard.finance/blog/lombard-bitcoin-capital-markets/): Lombard's 3-phased roadmap to build the Bitcoin based-economy
- [ Product Guide: LBTC Security and Transparency](https://www.lombard.finance/blog/lbtc-security-and-transparency/): Product Guide: LBTC Security and Transparency
- [ Product Guide: Lombard Vaults](https://www.lombard.finance/blog/vaults/): Lombard’s Vault products offer seamless access to actively managed DeFi strategies—delivering yield and ecosystem incentives without manual tracking or rebalancing positions.
- [Product Guide: LBTC](https://www.lombard.finance/blog/lbtc-1/): A liquid-staked Bitcoin built by Lombard
- [Product Guide: Bitcoin Staking](https://www.lombard.finance/blog/bitcoin-staking-1/): Bitcoin staking directly to Lombard’s Finality Providers on the Babylon Bitcoin Staking Protocol.
- [Product Guide: Lombard DeFi Marketplace](https://www.lombard.finance/blog/de-fi-marketplace/): Lombard’s DeFi Marketplace brings all on-chain Bitcoin opportunities into one place—curating strategies for LBTC across protocols, chains, and risk profiles.
- [Product Guide: Lombard SDK](https://www.lombard.finance/blog/lbtc-sdk-1/)
- [Our Collaboration with Cubist: Building Hardware-Enshrined Governance for Bitcoin Liquid Staking](https://www.lombard.finance/blog/lombard-collaboration-cubist-hardware-enshrined-governance-for-bitcoin-liquid-staking/): Cubist has built hardware-enshrined smart contracts to keep every transaction on the Lombard protocol secure. This spotlight details the security challenges unique to Bitcoin liquid staking solved by the team.
- [Become a Lombard Ambassador](https://www.lombard.finance/blog/become-a-lombard-ambassador/): Lombard opens applications for its Ambassador Program
- [Lombard x EigenLayer: Unlocking Infinite Possibilities for Bitcoin](https://www.lombard.finance/blog/lombard-eigen-layer-infinite-possibilities-for-bitcoin/): The partnership between Lombard and EigenLayer brings LBTC into the heart of EigenLayer’s restaking ecosystem as the first BTC asset.
- [Lombard Launches the LBTC SDK – Enabling Platforms to Offer Bitcoin Staking to Users](https://www.lombard.finance/blog/lombard-launches-the-lbtc-sdk-enabling-platforms-to-offer-bitcoin-staking-to-users/): Lombard’s LBTC SDK is a production-ready toolkit that enables decentralized wallets, centralized exchanges, and DeFi platforms to integrate Bitcoin staking seamlessly into their products.
- [Introducing the Staking Yield Pool: Aggregated LBTC earnings](https://www.lombard.finance/blog/staking-yield-pool-aggregated-lbtc-earnings/): The Staking Yield Pool makes Bitcoin staking rewards easy to access, easy to claim, and built for the future.
- [Lombard Partners with Institutional Staking Providers - Figment, Galaxy, Kiln, and P2P.org - to Scale Bitcoin Staking Infrastructure](https://www.lombard.finance/blog/lombard-partners-with-institutional-staking-providers-to-scale-bitcoin-staking-infrastructure/): Collectively uniting to provide long-term network security, and establish a resilient, decentralized, and rewarding Bitcoin staking ecosystem.
- [BABY, Babylon Genesis, and BSNs - Babylon’s 3 Phases Explained](https://www.lombard.finance/blog/baby-babylon-genesis-and-bs-ns-babylon-s-3-phases-explained/): As Babylon moves into its next phase, it’s important to stay up to date with its developments, and importantly how it impacts you as an LBTC holder, and the Lombard bitcoin staking protocol.
- [Lombard Launches on Sui](https://www.lombard.finance/blog/lombard-launches-on-sui/): This integration expands LBTC’s presence beyond EVM chains and represents a key milestone in Lombard’s multi-chain strategy, positioning LBTC as the premier staked bitcoin asset in Sui’s DeFi landscape.
- [A New Era of Bitcoin Security and Liquidity: The Lombard Security Consortium](https://www.lombard.finance/blog/the-lombard-security-consortium/): We're proud to announce the Lombard Security Consortium, a decentralized consensus mechanism securing Bitcoin liquidity at scale—starting with 14 industry-leading institutions.
- [Lombard Brings LBTC to Base](https://www.lombard.finance/blog/lombard-brings-LBTC-to-base/): This expansion brings the largest Bitcoin LST to the fastest-growing L2, and into Base's thriving DeFi ecosystem with Day 1 DeFi integrations.
- [Lombard, Babylon, and Cubist Join Forces to Bring Bitcoin to Sui](https://www.lombard.finance/blog/lombard-babylon-and-cubist-join-forces-to-bring-bitcoin-to-sui/): Lombard is proud to announce a strategic initiative with Babylon Labs and the Sui Foundation to integrate Bitcoin with Sui, the innovative Layer 1 blockchain and smart contract platform.
- [Lombard and Chainlink Partner to Set the Industry Standard for Bitcoin in DeFi](https://www.lombard.finance/blog/lombard-and-chainlink-partner-to-set-the-industry-standard-for-bitcoin-in-de-fi/): Lombard and Chainlink partner to drive forward a secure, scalable, and decentralized Bitcoin-based economy. Together, we’re bringing robust infrastructure to LBTC, for greater utility across DeFi.
- [Binance Labs Invests in Lombard to Connect Bitcoin to DeFi](https://www.lombard.finance/blog/binance-labs-invests-in-lombard-to-connect-bitcoin-to-de-fi/): Binance Labs have invested in Lombard to accelerate our mission to connect Bitcoin to DeFi through LBTC.
- [Lombard x Maple: Institutional Borrowers can Leverage LBTC as Collateral with Maple Direct](https://www.lombard.finance/blog/lombard-maple-institutional-borrowers-can-leverage-lbtc-as-collateral-with-maple-direct/): LBTC is a new collateral asset available to Maple Direct’s institutional borrower set. This integration enables institutional holders of LBTC to borrow USDC against their LBTC holdings through fixed-rate, short-term loans.
- [How Top Security Experts Safeguard the LBTC Ecosystem](https://www.lombard.finance/blog/how-top-security-experts-safeguard-the-lbtc-ecosystem/): Lombard’s security framework brings together a collective of top cybersecurity teams to protect the protocol and LBTC, working in cooperation with Lombard’s own cryptographers and the Cubist team.
- [Lombard's Roadmap to Integrate LBTC Across the Ecosystem](https://www.lombard.finance/blog/lombard-roadmap-to-integrate-lbtc-across-the-ecosystem/): This blog provides an overview of Lombard’s roadmap, outlining the phased approach we’re taking to unlock Bitcoin's full potential within the DeFi ecosystem.
- [LBTC is the new blue-chip collateral powering Morpho’s lending markets](https://www.lombard.finance/blog/lbtc-powering-morpho-lending-markets/): Two new vaults, curated by Gauntlet and Re7, have launched on Morpho's permissionless and non-custodial lending protocol with LBTC.
- [Ether.Fi and Lombard partner to bring the first Bitcoin LRT to market](https://www.lombard.finance/blog/ether-fi-and-lombard-partner-to-bring-the-first-bitcoin-lrt-to-market/): Ether.Fi has selected Lombard’s Liquid Staked Bitcoin LBTC as the asset to expand its Liquid Restaked Bitcoin offering, eBTC.
- [Lombard’s DeFi Vault: One-click access to DeFi Yields with LBTC](https://www.lombard.finance/blog/lombard-defi-vault-veda-lbtc/): Lombard's DeFi Vault, operated by Veda, is designed to provide one-click access to DeFi yields.
- [Lombard Launches its Public Beta: Reveals First DeFi Opportunities with LBTC ](https://www.lombard.finance/blog/lombard-public-beta-reveals-first-de-fi-possibilities-with-lbtc/): Lombard is pleased to announce its Public Beta launch, and LBTC integrations with leading DeFi platforms Pendle, Morpho, Symbiotic, Gearbox, Gauntlet, Derive (Lyra), Ether.fi, and Corn.
- [Our Collaboration with Babylon: Security, utility, and innovation with Bitcoin](https://www.lombard.finance/blog/lombard-babylon-bitcoin-LBTC/): “If you want to go far, build with Babylon”. This collaboration enhances the security and efficiency of PoS networks while providing BTC holders with unprecedented opportunities to participate in the decentralized finance economy.