An example of a BTC DeFi play?

Let's start with @Lombard_Finance, the leading BTC LST.

🧵: This is your guide + Yield farming strategies.

i/ New to Lombard Finance?

@Lombard_Finance expands BTC utility and brings DeFi. Meaning we can now LP and loop with BTC.

Here, they build their flagship product LBTC, which is a liquid staked token (LST) ontop of @babylonlabs_io(the biggest restaking protocol on Bitcoin.

ii/ Yields on Lombard

First phase —> let's get some LBTC

-> Visit:https://www.lombard.finance/app/?referrer=tce0g9

-> Swap between assets like, USDT or ETH to LBTC

Second phase, let's put LBTC to work.↓

iii/

What to do?

-> LP LBTC or eBTC via Bitcoin Sonic vault to earn 4X $S points, 4X Lombard points, 3X Veda points and 1X Babylon points.

iv/

-> LP LBTC, WBTC or cbBTC via Lombard DeFi vault to earn 4X Lombard points, 1X babylon points and 3X Veda points.

v/

-> Buy YT LBTC via @pendle_fi for upto 212X leverage, here you earn 3X Lombard points multiplier + 1X Babylon multiplier.

vi/

-> Deposit LiquidBTC via @hourglasshq for leverage exposure upto 5X boosted. This will earn you 5X Etherfi points, 2X Lombard points, 5X Hourglass points,1X symbiotic points, 2X karak xp and 3X Veda points.

You can get LiquidBTC when you deposit LBTC on @ether_fi.

vii/

Additionally, @Lombard_Finance has launched the LBTC SDK, which will make it easy for wallets, exchanges, and staking platforms to integrate liquid Bitcoin staking.

Curtains drawn! Have fun farming Armigos. :)