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Lombard collaborates with the Eigen Foundation to bring LBTC into the EigenLayer ecosystem.
CoinVoice has learned that, according to The Block, the Bitcoin re-staking platform Lombard has reached a partnership with the Eigen Foundation, which governs the Ethereum re-staking protocol EigenLayer, to introduce Lombard's liquid staking token LBTC into the EigenLayer re-staking ecosystem. This partnership allows Bitcoin holders to earn base yields through the Babylon protocol while participating in EigenLayer re-staking to obtain additional rewards.
Lombard co-founder Jacob Phillips stated that this is the first time Bitcoin has been integrated into the liquid staking ecosystem in the form of LBTC, marking a breakthrough in Bitcoin's transition from a store of value to a yield-generating tool. Both parties also plan to collaborate in the next six months to enhance the security of Bitcoin's re-staking and reduce design.