I think this is a new DeFi First? $500mn+ asset acquisition Here's the gist of it: BTC onchain is broken. Users want the real thing — not branded wrappers, high mint/redeem fees, and gated access. At best, your current BTC wrapper is a 3rd or 4th priority for the team operating it. Users, Developers, and Bitcoin deserve better. Lombard + BTC.b will make BTC in DeFi better than BTC on CEXs. You'll be using Bitcoin onchain & you won't even know it. The Gameplan: - Direct integration to apps (Branded as "BTC") - Permissionless (and free) mint/redeem - Full suite of developer tools to craft the perfect UX - Accessible to all major ecosystems with unified liquidity - Institutional-grade security (backed by OKX, Kraken, DCG, Galaxy, etc...) Partnering with Avalanche was the perfect launchpad for this shared vision. BTC.b: - $500mn+ TVL (with no incentives) - Trusted by @aave @GMX_IO and all other major apps on AVAX - Led by a team leading the charge in institutional crypto BTC.b will become the foundation of our proliferation of BTC onchain. A credibly neutral, multichain Bitcoin primitive — built to look, feel, and act exactly like the underlying BTC, but with enhanced access & capabilities. BTC will come onchain & never go back. Coming to @ethereum @solana @HyperliquidX @megaeth @monad and many more very soon.
