Lombard brings $1.5 billion worth of liquid staking Bitcoin to leading DeFi ecosystems; integrations include multiple Solana protocols such as Jupiter, Drift, Meteora, and Kamino.
August 28, 2025 - The protocol behind the Bitcoin yield-bearing token LBTC, Lombard Finance, today announced the launch of LBTC on Solana in partnership with its collaborators. This integration introduces the first large-scale yield-bearing Bitcoin asset to Solana, bringing LBTC's $1.5 billion circulation and built-in approximately 1% Bitcoin-denominated yield to the most dynamic ecosystem in the cryptocurrency space.
The product launch includes first-day integrations with leading Solana protocols, covering Jupiter, Drift, Kamino, Meteora, and JupLend, supported by LayerZero for seamless cross-chain bridging and RedStone for reliable price oracle services. Lombard collaborates with Meteora to provide near-zero fee (1 basis point) services for exchanges from cbBTC to LBTC.
This integration addresses a key gap in the $10 billion DeFi ecosystem on Solana - previously, this ecosystem was limited to non-yielding BTC derivatives. The arrival of LBTC transforms Bitcoin from a passive asset into productive capital in Solana's high-performance environment, enabling BTC holders to earn yields while enjoying advanced DeFi strategies, including perpetual trading, stablecoin lending, and liquidity provision.
Through the Solana integration, users can mint LBTC directly on Solana by staking native BTC with Lombard, exchange any token for LBTC, or cross-chain LBTC from Ethereum mainnet via LayerZero integration.
"Bitcoin is the most important asset of our generation, and bringing it to Solana opens up tremendous new opportunities," said Jacob Phillips, co-founder of Lombard Finance. "LBTC showcases the potential when Bitcoin gains yield-bearing capabilities, composability, and true market access. Solana's unparalleled performance creates the ideal environment for Bitcoin to become productive capital, unlocking new DeFi strategies for BTC holders."
Since its launch in August 2024, LBTC has become the fastest-growing yield-bearing token in the cryptocurrency space, reaching $1 billion in TVL in just 92 days and establishing integration relationships across more than a dozen ecosystems. The Solana integration represents LBTC's expansion into one of the industry's most technologically advanced and liquid DeFi environments, where users can benefit from near-instant confirmations and near-zero transaction fees.
LBTC on Solana offers several key advantages to DeFi participants. The built-in approximately 1% BTC yield effectively lowers borrowing costs when using LBTC as collateral for stablecoin lending through Kamino and JupLend. Traders can access the LBTC perpetual market via Drift and deploy liquidity strategies through AMMs like Meteora. This integration maintains LBTC's core features: 1:1 support of BTC held in custody by 14 digital asset institutions, automatic yield accumulation, and real-time proof of reserves.
Jiani Chen, head of growth at the Solana Foundation, stated: "We are thrilled to welcome Lombard to Solana. Lombard's LBTC is the first yield-bearing Bitcoin to join the ecosystem, possessing the scale and liquidity needed to position Solana as a high-performance liquidity hub for BTC. The native yield of LBTC and deep DeFi integration open a new chapter for Solana DeFi."
The product launch includes a comprehensive incentive program supported by LayerZero, Lombard, and participating ecosystem protocols, aimed at accelerating the adoption of Solana DeFi and creating more value for users migrating Bitcoin assets to the ecosystem.
Through this integration, Lombard continues to drive the evolution of Bitcoin from a passive asset to an active DeFi primitive. The expansion of LBTC to Solana reinforces Lombard's broader mission to build a comprehensive Bitcoin capital market infrastructure. The protocol is backed by a security alliance of 14 leading digital asset institutions providing institutional-grade custody and security assurances, with its multi-chain approach ensuring Bitcoin liquidity flows to where innovation and opportunity exist.
LBTC is now immediately available in the Solana ecosystem via lombard.finance/app, providing comprehensive documentation and integration support for other protocols.
About Lombard Finance
Lombard Finance is dedicated to building on-chain Bitcoin capital markets, unlocking the full potential of our generation's most important asset. Founded in 2024, Lombard pioneered the integration of Bitcoin with DeFi, launching the yield-bearing Bitcoin asset LBTC, backed by a coalition of 14 digital asset institutions. LBTC reached $1 billion TVL in just 92 days, becoming the first Bitcoin LST trusted by blue-chip protocols such as Aave, Spark, and EigenLayer. Today, Lombard is building full-stack infrastructure to accelerate on-chain BTC adoption by holders, protocols, and platforms, with support from digital asset leaders including top DeFi protocols, institutions, and exchanges.
