Bitcoin

<a href="https://optimisus.com/market/market-news/scroll-faces-criticism-over-its-binance-token-distribution/" rel="noopener noreferrer nofollow">Binance</a> Labs has recently invested in Lombard, a platform specializing in Bitcoin liquid staking, with a strong emphasis on security and enhancing cross-chain DeFi capabilities. While the specific investment amount remains undisclosed, this partnership underscores Binance Labs&#39; dedication to helping Lombard grow into a multi-chain staking protocol.Lombard&#39;s LBTC token has rapidly gained popularity, capturing 40% of the Bitcoin liquid staking token market. The company aims to build on this success by expanding its staking protocol across various blockchain networks, thereby increasing its accessibility.In a press release, Binance Labs expressed excitement about this collaboration, viewing it as a strategic move to scale LBTC within the DeFi ecosystem. Andy Chang, the Investment Director at Binance Labs, highlighted that this initiative presents a valuable opportunity for Bitcoin holders to enhance the utility of their assets. Binance is shifting its focus towards supporting projects with long-term viability, distancing itself from fleeting trends like meme coins.Lombard is also actively seeking growth through strategic investments and partnerships. Earlier this year, the company secured $21 million in funding and teamed up with DeFi yield trader Pendle in September. The backing from <a href="https://optimisus.com/market/market-news/binance-executive-was-denied-bail-by-a-nigerian-judge-a-family-spokesperson-said-friday/" rel="noopener noreferrer nofollow">Binance Labs</a> will enable Lombard to enhance its technology, allowing users across multiple blockchains to stake Bitcoin and mint LBTC.Security is a paramount concern for Lombard, which has instituted rigorous audits, a bug bounty program, and continuous threat monitoring to safeguard its users&#39; assets as it expands its offerings.

Binance Labs invests in Lombard, a Bitcoin liquid staking platform

Optimisus

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