Lombard Finance, a Bitcoin infrastructure developer, has launched a software development kit (SDK) that allows wallets, exchanges and other platforms to offer a Bitcoin (BTC) participation with a single click.
The launch aims to bring BTC even more to the decentralized finance economy (DEFI) taking advantage of the estimated $ 154 billion in Bitcoin estimated in inactive in centralized exchanges.
The new tool kit allows users to bet on BTC to coin a liquid rethinking token called LBTC, which can automatically deposit in the Lombard defi vault for a current annual performance of 3%, according to the protocol.
“Once only seen as a value reserve, Bitcoin is now increasingly being integrated into Defi, unlocking new income opportunities for BTC holders,” said Lombard Finance co -founder Jacob Phillips, who added that the SDK eliminates “complexity for both platforms and users.”
The main exchanges of Binance and Bybit cryptocurrencies have already integrated the SDK, with additional wallet integrations, including xverse wallets, Metamask and Trust, also with the support of the wallet. For these platforms, integration offers new sources of income and a way to keep users committed through a new defi offer, says Lombard.
Bitcoin rethinks through the Lombard system began seven months ago and has become a market of $ 4 billion. The defi vault of Lombard, driven by the supplier of Smart Contracts Veda, currently has more than $ 200 million in total value blocked.
The protocol expanded last month with the launch of his Bitcoin token that meets liquid, LBTC, in the Sui Blockchain.
