Symbiotic TVL – DeFILlama<\/figcaption><\/figure>\n\u201cSymbiotic turns passive crypto assets into modular, active security infrastructure. Integrating our restaking framework with Chainlink CCIP for cross-chain LBTC transfers showcases how decentralized collateral can be deployed quickly and permissionlessly to reinforce cross-chain value flows and deliver tangible benefits to end users,\u201d said Misha Putiatin, the co-founder of Symbiotic.<\/p>\n
When asked about future scalability, Putiatin told The Defiant, \u201cStaked, verifiable bridging is new, so it\u2019s difficult to predict exact scaling paths. But the general staking logic still applies: staking is first and foremost an incentive alignment mechanism. I expect upcoming multichain apps and bridges to use a mix of their own tokens, supplemented and scaled with blue-chip assets like BTC, ETH, or LINK, depending on their security requirements.\u201d<\/p>\n
Bitcoin DeFi protocol Lombard currently boasts $1.5 billion in TVL, after reaching an all-time high of $2.2 billion in May.<\/p>\n
\u201cLBTC holders want the freedom to move their Bitcoin wherever the best opportunities are, but they also expect uncompromising security. Pairing CCIP\u2019s modular architecture with Symbiotic\u2019s restaked collateral gives our community stronger economic guarantees through staking,\u201d said Jacob Phillips, the co-founder of Lombard.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
Lombard’s native BARD token is set to launch later this week. Security-focused staking protocol Symbiotic has partnered with Lombard and Chainlink for cross-chain Bitcoin transfers. The integration will monitor all cross-chain transfers of Lombard Staked Bitcoin (LBTC) through the Chainlink Cross-Chain Interoperability Protocol (CCIP) for an economically secure multi-chain experience. Symbiotic is introducing two new […]<\/p>\n","protected":false},"author":2,"featured_media":405849,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-405848","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/405848","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=405848"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/405848\/revisions"}],"predecessor-version":[{"id":405850,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/405848\/revisions\/405850"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/405849"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=405848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=405848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=405848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}