Lombard Finance Launches LBTC on Etherlink, Expanding Bitcoin DeFi Opportunities on Tezos L2
London, England, July 28th, 2025, Chainwire
Lombard Finance, a leading developer of Bitcoin-based DeFi solutions, has launched its flagship LBTC product on the Tezos L2 network, Etherlink. The deployment is a significant milestone for both Lombard Finance and the Tezos ecosystem, representing the integration of a new asset on Etherlink (in the form of liquid bitcoin), allowing bitcoin liquidity to flow into the ecosystem and across DeFi applications.
“Bringing LBTC to Etherlink represents an important step in our multi-chain strategy,” said Jacob Phillips, Co-founder of Lombard Finance. “By closely collaborating with the Tezos Foundation and integrating with Etherlink, we will foster a thriving DeFi ecosystem and see LBTC onboarded to top protocols, so users can do more with their Bitcoin.”
Today’s integration with Etherlink enables network users to stake their bitcoin in return for LBTC – a liquid-staking bitcoin token that can be used across Etherlink’s range of DeFi applications. LBTC allows holders to maintain their bitcoin exposure while providing the freedom to engage with innovative DeFi protocols at the same time. LBTC is redeemable 1:1 for bitcoin and Lombard is fully audited by renowned industry experts, including Immunefi and Halborn. Additionally, because the BTC backing LBTC is staked to Babylon, LBTC earns a yield, meaning holders earn staking rewards alongside points from Lombard.
“In our search for a superior Bitcoin solution for the Etherlink ecosystem, LBTC stood out as the ideal choice,” said Anthony Hayot, Head of DeFi Adoption at Nomadic Labs. “We’re proud to establish LBTC as the primary Bitcoin asset within our ecosystem, offering our users access to one of the most sophisticated Bitcoin solutions available in the DeFi landscape today.”
With almost $2B worth of LBTC minted and in circulation across EVM-compatible networks, the integration of LBTC on Etherlink stands to add substantial liquidity to the Tezos-powered ecosystem. LBTC will be accessible across multiple DeFi protocols within Etherlink, including Superlend, Hanji, IguanaDEX, and oku, enabling users to utilize LBTC for a range of DeFi activities. The token will also be integrated into the Apple Farm program, enabling users to earn rewards for using it in their interactions with Etherlink’s growing DeFi ecosystem.
Commenting, Jean-Frédéric Mognetti, Executive Director of the Tezos Foundation, said, “The Tezos ecosystem has always prioritized innovation, and bringing Bitcoin’s liquid staked Bitcoin to Etherlink reflects that foundational vision. This integration will provide BTC holders with new and exciting opportunities in DeFi.”
The integration with Etherlink is part of Lombard’s continued strategy of cross-chain expansion, following its integration with the Sui blockchain in March. LBTC already operates across other notable blockchains, including Ethereum, Sui, Base, and BNB Chain, with 70% of LBTC supply actively deployed in DeFi protocols, including Aave and Morpho, and approximately 75 DeFi integrations across multiple blockchain ecosystems.
About Lombard
Lombard Protocol was founded with a single vision: to bring Bitcoin securely into DeFi and unlock its full potential. At the heart of the Lombard Protocol’s innovation is its flagship product LBTC, the leading Bitcoin liquid staked token. Backed 1:1 by native Bitcoin, LBTC transforms Bitcoin into a secure, stable, and liquid asset for DeFi. It offers unmatched transparency, stability, and usability, making it the trusted collateral for lending, borrowing, and integration into decentralized ecosystems
About Etherlink
Etherlink is an EVM-compatible Layer 2 blockchain powered by Tezos Smart Rollups technology. It empowers developers to smoothly deploy any EVM codebase and migrate users and assets from Ethereum and other interoperable chains, enabling seamless interaction and asset transfers across different networks
Learn more: https://www.etherlink.com/
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