Lombard: From Bitcoin LST Leader to On-Chain Capital Markets In the two years since Lombard @Lombard_Finance was founded, its core asset LBTC has become the de facto standard in the Bitcoin liquid staking sector. Since its launch in August 2024, LBTC has achieved an unprecedented growth curve: TVL surpassed $1 billion in just 92 days. It now spans 12 blockchains and has over 270,000 holders. ■ Value Capture Driven by a Three-Phase Blueprint At the heart of Lombard @Lombard_Finance is its clear “three-step” strategy, designed to align Bitcoin’s trust properties with DeFi’s execution efficiency: ① Activating Liquidity (Completed): Established the Lombard Security Alliance with top institutions like Galaxy, OKX, and Wintermute. ② Building Capital Markets (Completed): Launched native tokens, the Lombard SDK, and multi-strategy Vaults. ③ Empowering the Bitcoin Economy (Long-Term Goal): The ultimate goal is to create a permissionless environment. The achievements of Lombard @Lombard_Finance are not just a victory in numbers but also a new industry standard for Bitcoin’s future.