Lombard Finance Unveils SDK to Enable Seamless Bitcoin Staking, Boosting DeFi Integration
Lombard Finance, a leading Bitcoin infrastructure developer, has launched a new software development kit (SDK) aimed at simplifying Bitcoin (BTC) staking for wallets, exchanges, and platforms. The toolkit allows users to stake BTC with just one click, facilitating its integration into the decentralized finance (DeFi) ecosystem.
The move is designed to unlock the $154 billion in Bitcoin sitting idle on centralized exchanges, bringing it into DeFi and offering new earning opportunities. Users who stake their BTC can mint a liquid staking token called LBTC, which is then automatically routed into Lombard’s DeFi Vault, offering a current annual yield of 3%.
“Bitcoin, once solely considered a store of value, is now becoming a key player in DeFi, creating new ways for BTC holders to earn,” said Jacob Phillips, co-founder of Lombard Finance. “The SDK simplifies the process for both platforms and users, removing the complexity traditionally associated with staking.”
Major cryptocurrency exchanges Binance and Bybit have already integrated the SDK, with additional wallet integrations, including xVerse, Metamask, and Trust Wallet, also supported. For these platforms, the toolkit provides a new revenue stream and an engaging DeFi offering for users.
Bitcoin staking through Lombard’s platform began seven months ago and has rapidly grown into a $4 billion market. Lombard’s DeFi Vault, powered by the Veda smart contract provider, currently holds over $200 million in total value locked (TVL).
The protocol expanded last month with the launch of LBTC, its liquid-staking bitcoin token, on the Sui blockchain.
