The post Bybit Web3 Exclusive: BTC Staking with Lombard, up to 5% APY and Points Multipliers appeared on BitcoinEthereumNews.com.

Dubai, United Arab Emirates, April 11th, 2025, Chainwire Bybit, the world’s second-largest cryptocurrency exchange by trading volume, today announced a strategic initiative to expand access to BTC staking with Lombard Finance, the developer of LBTC, the leading staked BTC. Enhancing access with innovative DeFi offerings, Bybit Web3 will be introducing users to BTC’s DeFi yield potential with exclusive rewards. From Apr. 9 on, eligible users of the Bybit Web3 Seed Phrase Wallet have the opportunity to stake BTC from within the wallet to earn extra points across Lombard, Babylon, and Veda. Lombard is connecting BTC to every chain, DeFi protocol, and yield opportunity with LBTC. LBTC is the leading BTC liquid staked token and trusted by over 100,000 users. LBTC allows BTC holders to activate their assets in DeFi, and earn staking yields from Babylon’s Bitcoin Staking ecosystem, whilst retaining the value of their BTC. With over 21,000 LBTC in circulation and over 60% active in DeFi, LBTC is being used for lending, borrowing, trading, and re-staking across 6 chains. Lombard has partnered with Veda Labs to make DeFi yields available to BTC holders in just one-click. Through the Lombard DeFi Vault, LBTC holders stand to access real yields from DeFi. From now to May 9, eligible participants on Bybit Web3 will receive up to 5% APY in DeFi yield, on top of 6X Lombard LUX, 1X $BABY, and 6X Veda Points for their deposits. This campaign is part of Bybit Web3’s ongoing efforts to provide users with unique incentives and seamless access to cutting-edge DeFi products. “BTC has always been the cornerstone of crypto, but until now, it’s been largely passive. This campaign marks a turning point — not just in how BTC is held, but how it moves. We’re unlocking real yield, real simplicity, and real access for…

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Filed under: News - @ April 11, 2025 10:24 am