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TechFlow reported, according to The Block, that Bitcoin restaking protocol Lombard has raised $16 million in a seed funding round led by Polychain Capital. Lombard will use the funds to expand its Bitcoin restaking ecosystem and collaborate with Bitcoin staking protocol Babylon. Lombard unlocks liquidity by issuing liquid and yield-bearing staked Bitcoin tokens called LBTC.
According to The Block, Bitcoin restaking protocol Lombard has raised $16 million in a seed funding round led by Polychain Capital. Lombard will use the funds to expand its Bitcoin restaking ecosystem and grow alongside Babylon, a Bitcoin staking protocol. Lombard unlocks liquidity by issuing LBTC, a liquid and yield-bearing staked Bitcoin token.
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