⚡️ Friends, how to mint LBTC and start earning Bitcoin returns. The peg ratio of LBTC to actual BTC is 1:1, making it a wise investment in Bitcoin.
@Lombard_Finance allows you to easily convert your BTC into productive assets, whether you hold native Bitcoin or it has already been on the EVM chain.
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1. Two ways to acquire LBTC
1 / Mint LBTC with native BTC
1. Go to http://lombard.finance
2. Connect a BTC wallet that supports Taproot (such as Xverse or OKX wallet).
3. Stake BTC, and the system will mint an equivalent amount of LBTC for you, directly deposited into your specified EVM wallet.
4. Congratulations, your BTC can now earn money on the EVM, focusing on getting free returns.
(By the way, at this step, the BTC is stored on Babylon, and you can also participate in staking rewards.)
2 / Directly exchange on-chain assets for LBTC
1. Still go to http://lombard.finance
2. Connect your commonly used wallet (MetaMask, Rabby, etc.)
3. Exchange your on-chain tokens for LBTC, almost done with one click
4. Funds arrive directly in your wallet, start your BTCFi journey
2. How to use LBTC after acquiring it
1. Vault yield treasury: Strategies like Pendle, Veda, Basis Trade can all configure LBTC, making BTC feel as advanced as ETH.
2. Lux loyalty points: Simply holding LBTC allows you to automatically accumulate points, which may lead to airdrops or ranking competitions in the future.
3. Re-stake on SatLayer: Re-stake LBTC to earn Sat points, a bit like giving LBTC another bite to eat, and it gives you back two candies.
4. DeFi lending gameplay: Aave, Morpho, Etherfi... In today's DeFi world, LBTC is gradually becoming a universal asset. This means that BTC's life continues with multiple possibilities through LBTC.
Currently, it still seems quite early, and the interaction threshold might be a bit complex for beginners (especially the PSBT signing process for native BTC), but the overall UI is clear, and I followed the official steps without any hiccups.
Additionally, LBTC is a derivative product, and while it has support from Babylon, it is not a completely risk-free asset; the appropriate allocation ratio is very important, so don't go all in.
