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Lombard Finance launches yield-bearing Bitcoin token LBTC on Solana with $1.5B backing

A new decentralized Bitcoin derivative by Lombard Finance will offers 1% APY while maintaining full BTC backing across bridge to Solana. Summary Lombard Finance will offer the yield bearing asset alongside Base, Sui and Ethereum offerings. Yield bearing on Solana in Bitcoin is the latest offering to bring the protocol’s $1.5 billion in capital to…

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