SatLayer is excited to announce the integration of LBTC, a reward-bearing Bitcoin Liquid Staking Token (LST). Built by Lombard on top of Babylon, LBTC allows Bitcoin holders to earn staking rewards through Babylon while retaining liquidity to participate in the broader DeFi ecosystem.
This integration marks a significant milestone in SatLayer’s mission to unlock Bitcoin’s full potential, extending its utility beyond being a store of value and positioning it as a key security asset within the crypto ecosystem.
Maximizing Rewards with LBTC on SatLayer
The integration of LBTC into SatLayer enables stakers to stack multiple layers of rewards. By restaking LBTC on SatLayer, users not only earn passive rewards through Babylon staking but also contribute to the overall security of the SatLayer ecosystem.
This dynamic benefits stakers in multiple ways:
- Layered Rewards: In addition to Babylon staking rewards, stakers can earn Lombard Points and additional SatLayer rewards.
- Enhanced Security: LBTC stakers help secure SatLayer, increasing blockspace demand and contributing to the overall security of the network.
With 1000 LBTC already staked on Babylon by Lombard users, now is the perfect time to unlock extra staking rewards. Head over to stake.satlayer.xyz to begin stacking rewards with LBTC.
SatLayer’s Role in the Crypto Ecosystem
SatLayer is a pioneering platform designed to leverage Bitcoin’s security model through Babylon’s Proof of Stake. It enables the restaking of Bitcoin to secure Bitcoin Validated Services (BVS’s) and brings programmability to slashing conditions like challenge proofs and node liveness.
This integration provides significant benefits for the entire crypto ecosystem:
- Expanding Bitcoin’s Role: SatLayer transforms Bitcoin from just a store of value into an asset that actively secures decentralized applications (dApps) and infrastructure.
- Shared Security: By utilizing Bitcoin’s security model, SatLayer enhances the security of the broader crypto ecosystem.
- Programmable Security: SatLayer introduces full programmability to slashing conditions, further expanding the capabilities of the Babylon ecosystem.
Eligibility and Opportunities
Restaking on SatLayer is open to all LBTC holders.
How to Restake LBTC on SatLayer
Users can restake their LBTC through the early deposit app on the EVM-compatible platform, earning rewards from Lombard, SatLayer, Babylon, and potentially FBTC. This reward-stacking approach enables users to make the most out of their Bitcoin holdings.
For a full deposit guide, read this post.
Incentives: Users participating in this integration can earn Lombard Lux, SatLayer Sats² and Babylon rewards.
Future Outlook for LBTC on SatLayer
As SatLayer continues to expand, there are plans to introduce a delegation for LBTC restaked on the platform by Q4 2024. This feature will allow stakers to delegate their assets to Bitcoin Validated Services (BVS’s), further increasing the reward potential.
SatLayer has already completed its first epoch, with the initial 100 BTC cap quickly filled. On September 13, 2024, at 2 AM UTC, the cap was raised, providing even more opportunities for users to participate in the rewards program.
Visit stake.satlayer.xyz to start restaking your LBTC and unlock the next level of Bitcoin staking rewards.
