Lombard announced that the source of LBTC's yield will shift from Babylon Bitcoin staking to a covered call strategy managed by Bitwise, targeting a net annualized return of 2.5%, denominated in Bitcoin. This strategy will utilize up to 60% of LBTC reserve assets, with the associated Bitcoin custodied by Anchorage Digital Bank and Kraken Institutional. Deployment will kick off the week of August 17 with a $10 million pilot and is expected to complete full allocation by September. Existing LBTC holders don’t need to take any action. https://(wublock123.com)/news/lombard-lbtc-yield-shift-to-bitwise-covered-calls-2-5-percent-66400