Lombard Finance Partners With Eigen Foundation to Bring $1.6T Bitcoin Into EigenLayer Restaking With Dual Rewards and $7B TVL

Lombard Finance has partnered with the Eigen Foundation to integrate Bitcoin into the EigenLayer restaking ecosystem, marking LBTC as the first Bitcoin asset within this Ethereum-based protocol. This collaboration enables Bitcoin holders to participate in restaking, allowing them to earn dual rewards from both Babylon and EigenLayer. EigenLayer highlighted the potential impact of this integration, noting that it could unlock new opportunities for the $1.6 trillion Bitcoin market. Current figures indicate EigenLayer’s total value locked (TVL) stands at $7 billion, with a proper slashing mechanism active since April 17. Market predictions suggest that by 2026, up to 80% of Bitcoin could be restaked through EigenLayer, creating what has been described as a highly lucrative yield stacking opportunity for Bitcoin maximalists. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant