Bitcoin Gets Staking Feature as Startup Lombard Introduces ‘Ethereum-Like’ Staking Feature
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jul 03 2024- Lombard partners with Babylon: Lombard secures $16M for Bitcoin 'restaking' to earn interest by enhancing PoS blockchains like Ethereum and Cardano.
- Polychain Capital's perspective: Polychain Capital sees Bitcoin as a productive asset in the Web3 ecosystem through restaking.
- Collin Brown's viewpoint: Collin Brown highlights the move to turn BTC into a productive asset in DeFi, integrating it into the broader Web3 ecosystem.
- Funding and companies involved: Polychain Capital leads funding, with other big companies like BabylonChain, Inc., dao5, Franklin Templeton, among others participating.
- Goal of restaking: The goal is to elevate BTC from a store of value to a productive asset driving sustainable growth in the Web3 economy.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
