⚡️ @BinanceLabs has invested in the @Lombard_Finance Bitcoin restaking platform
Binance Labs announces its investment in Lombard, the developer, and distributor of $LBTC, a security-first Bitcoin liquid staked token. The fresh funding will allow Lombard to expand access to LBTC across new chains, allowing users to stake BTC and mint LBTC. Lombard holds 40% of the #Bitcoin LST market, with a Total Value Locked of over $500M or 8.5K $BTC, from over 12,500 users. The project has previously raised $16M in a seed funding round led by @Polychain.
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