LBTC by Lombard: The Gen III Standard for Wrapped Bitcoin LBTC by Lombard represents a new generation of wrapped Bitcoin — one that solves the major flaws of its predecessors. I call it Gen III, because historically, the 3rd generation of products tends to be the most refined, having learned from the mistakes of earlier versions. The Flaws of Gen I: Multisig Wrappers Take WBTC, for example. It relies on a multisig wallet. While this setup spreads responsibility across multiple signers, it comes with a critical weakness: if a sufficient number of signers collude, they can seize all the underlying BTC. In practice, the only safeguard is the reputation of the signers — hardly a foolproof defense. What’s more, the number of WBTC signers hasn’t been stable. Initially, there were 11 signers, later expanded to 18, and eventually reduced to 13. Notably, some of those excluded included Alameda/FTX — the very entities behind the 2022 bear market — and other firms that reportedly lost their management keys. These events alone highlighted the fragility of the model and sparked demand for a better solution. Moreover, let's look at other major signatories: - Compound — repeatedly hacked, raising doubts about its reliability despite being a top lending protocol. - BadgerDAO — suffered a $125M exploit while promising BTC yield, despite being one of leaders in its sector. - Multichain — shut down due to regulatory pressure in China, despite being the largest bridge. - Ren — lost significant collateral in FTX, operated with opaque liquidity management, and ultimately disappeared, althoug it was one of most famous projects in BTC eco at that moment. The lesson is clear: multisig wrappers are inherently risky. Projects, no matter how reputable they appear, can collapse, mismanage keys, or even act maliciously. The core issue is that custody and security are not their primary business. The Compromise of Gen II: Centralized Wrappers To address these weaknesses, major exchanges like Binance and Coinbase introduced their own wrapped BTC products — what I call Gen II. These shift full responsibility to a single, highly reputable custodian such as a leading CEX. While this reduces the risks of multisig mismanagement, it creates a new problem: centralization. Tokens like cbBTC and BTCB are not censorship-resistant. Their issuers can block or freeze assets at any time, undermining the trustless ethos of Bitcoin. Additionally, issuance is restricted to a limited number of entities that must undergo strict KYC/KYB procedures. For many, especially institutional players in TradFi, this raises red flags around accessibility, censorship, and counterparty risk. Enter Gen III: LBTC by Lombard This is where Lombard changes the game: 1. Decentralization — LBTC minting/burning/bridging operates via a PoA consensus, with plans to move toward full permissionlessness. 2. Open Issuance — Anyone can issue LBTC, with no paperwork or gatekeeping. 3. Non-Custodial Security — Using Cubist technology, BTC is stored non-custodially, meaning no third party — not even Lombard — can access user funds. With these innovations, Lombard has effectively removed the risks that plagued earlier wrapped BTC models. It’s no surprise that LBTC has gained significant traction over the past six months. Last point: - Real TradFi will not go where there are risks of blocking and depegs like WBTC, cbBTC, BTCB. So, LBTC will be the main option for them. And yield will be a nice additional feature that increases the retention rate. And follow on strong visioners and analysts: @0xBreadguy @alpha_pls @poopmandefi @TheDeFISaint @DoggfatherCrew @0xSalazar @DefiIgnas @Defi_Warhol @hmalviya9 @Mars_DeFi @rektdiomedes @eli5_defi @JayLovesPotato @Steve_4P @TheDeFinvestor @arndxt_xo @0xCheeezzyyyy @Moomsxxx @0xAndrewMoh

Katana network: - works 37 days - earned $57,5k or $1,5k per day - implied ARR: $600k - $400M TVL - #8 in list of L2 by profit You keep going says it's another L2? Ok, not bad for project which 1 month in mainnet

I think $21M is a direct hint from team to the max supply of 21M BTC Follow-on rounds among crypto VCs are a huge rarity This suggests that VCs not only see the growth of the BOB, they understand well what is happening inside and know new triggers for growth Congratulations!

This is a major step for the BTC eco. The launch of the first BitVM bridge signals that Bitcoin is no longer just a store of value but is becoming modular. @AlpacaYovela, @cyimonio and Fiamma's team have done excellent work to accelerate the BTC ecosystem's progress. Best wishes for continued growth!

Bitcoin’s Journey: From Concept to Global Money Bitcoin has come a long way since its inception — evolving from a niche idea into an asset embraced by ETFs, institutions, and corporate treasuries. Yet, this journey is far from over. At its core, Bitcoin strives for a single goal: to become money. Skeptics usually raise three objections: - Bitcoin is too slow - The network isn’t scalable - Bitcoin is too volatile Let’s break each down. 1. “Bitcoin is too slow” Bitcoin’s mission is not to be the fastest, but the safest. If BTC is to become a universal money, its security must surpass even that of traditional banks. That security comes from energy consumption — the foundation of Bitcoin’s proof-of-work model. I believe the @Bitcoin network will eventually consume no less energy than all global AI data centers combined. And that’s perfectly logical: a single world currency requires world-class security. 2. “The Bitcoin network isn’t scalable” Security comes first. Because Bitcoin blocks are nearly impossible to roll back, not all transactions need to happen onchain. Instead, they can be handled offchain, with proofs recorded on the Bitcoin blockchain. That’s why I expect scalability to come from L2 networks for financial transactions and the Lightning Network for payments. Bitcoin, in fact, is even more suited to modularity than Ethereum. The challenge has always been infrastructure — but progress is accelerating. I anticipate major contributions from projects like @Lombard_Finance @babylonlabs_io @nubit_org @lightning @fiamma_labs and others, in building the ecosystem that will power Bitcoin’s scalability. 3. “Bitcoin is too volatile” Bitcoin’s volatility has already decreased dramatically over the years. As its price grows, volatility naturally declines. When BTC reaches $1M, its volatility will likely match that of gold — stable enough for adoption by individuals, corporations, and even nation-states. _______________________________ The truth is simple: if you don’t believe in Bitcoin as money, it’s because you lack long-term vision.

I keep exploring the HyperEVM ecosystem. Deployed feUSD in HYPE's stability pool on Felix with 15.5% APR. Why such a high APR? If liquidity is insufficient to cover losses, my liquidity will be used to defend the protocol. It's similar to Umbrella in Aave.

Glad to be on your list, Mars! It's amazing to see myself among CT legends, many of whom I've been following for years. "Add value" - is what makes each of these guys stand out

Return to this state in 7 days. I think we'll return to the top 10. Just a little patience, guys.

Something cooking Congrats!

Return to this state in 7 days. I think we'll return to the top 10. Just a little patience, guys.