LBTC is an institutional grade yield-bearing bitcoin, fully-backed by BTC and free to compose throughout DeFi. LBTC allows allocators to grow their BTC holdings while retaining core exposure to the asset. It’s secured by a decentralized consortium of 14 digital asset leaders, and is the largest Bitcoin LST commanding 60% of the market. LBTC provides passive yield derived from staking the underlying BTC to Babylon’s Bitcoin Staking Protocol. LBTC is the fouth-largest BTC derivative trailing only non-yield-bearing tokens WBTC, CBBTC and BTBC.
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