Lombard collaborates with the Eigen Foundation to introduce LBTC into the EigenLayer ecosystem

ChainCatcher news, according to The Block, the Bitcoin re-staking platform Lombard has partnered with the Eigen Foundation, which governs the Ethereum re-staking protocol EigenLayer, to introduce Lombard's liquid staking token LBTC into the EigenLayer re-staking ecosystem. This collaboration allows Bitcoin holders to earn underlying yields through the Babylon protocol while participating in EigenLayer re-staking to obtain additional rewards.

Lombard co-founder Jacob Phillips stated that this is the first time Bitcoin has entered the re-staking ecosystem in the form of LBTC, marking a breakthrough in Bitcoin's transition from a store of value to a yield-generating tool. Both parties also plan to strengthen the security of Bitcoin's re-collateralization and reduce design complexity through collaboration in the next six months.