COINOTAG News reports on April 17th that Lombard Finance, a prominent Bitcoin infrastructure developer, has unveiled a cutting-edge Software Development Kit (SDK) focused on facilitating Bitcoin (BTC) staking. This innovative toolkit is designed to simplify the staking process for wallets, exchanges, and other platforms, enabling users to engage with DeFi offerings via a streamlined, one-click method. The launch is particularly significant as it seeks to integrate Bitcoin into the decentralized finance (DeFi) landscape, tapping into a notable potential of approximately $154 billion in idle Bitcoin currently residing on centralized exchanges. Through this SDK, participants can stake their BTC and receive a liquidity staking token known as LBTC. Notably, LBTC can be seamlessly deposited into Lombard’s DeFi treasury, enhancing liquidity and participation in this burgeoning market.
Timely, reliable coverage of breaking news, insights, and analyses on Bitcoin and cryptocurrencies since 2018.
Disclaimer: The information provided on COINOTAG NEWS is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult with a financial advisor before making any investment decisions.
© COINOTAG News 2024