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Lombard Finance is a Bitcoin liquid restaking platform built upon the Babylon chain protocol. It allows Bitcoin holders to earn rewards from $BTC staking on Babylon while remaining in full control of their funds in the form of $LBTC LRT which is tethered to the price of original Bitcoin in a 1:1 ratio.
On October 16, 2024, the platform closed a $1M Private funding round with the participation of Binance Labs.