Lombard Finance, a Bitcoin infrastructure developer, has launched a software development kit (SDK) for one-click bitcoin (BTC) staking. This aims to further integrate BTC into the DeFi economy. The new toolkit allows users to stake BTC to mint LBTC, which can be deposited into Lombard's DeFi Vault. The DeFi Vault yields a 3% annual yield.
Binance and Bybit have already integrated the SDK, offering new revenue streams for their users. Lombard Finance stated that xVerse, Metamask, and Trust Wallet are also supported. Bitcoin staking through Lombard's system began seven months ago and has grown into a $4 billion market in volume.
Lombard's DeFi Vault currently holds more than $200 million in total value locked (TVL). Last month, the protocol expanded with the launch of its liquid-staking bitcoin token, LBTC, on the Sui blockchain. According to Lombard Finance co-founder Jacob Phillips, the SDK removes complexity for platforms and users, enabling seamless Bitcoin staking and DeFi participation.