Something rare just played out on-chain: @Lombard_Finance has taken over BTC.b - @AvaLabs’s Bitcoin asset holding roughly $550M in TVL.
From here on, BTC.b operates fully under Lombard’s infrastructure.
This marks the first on-chain asset acquisition (not a merger, not a partnership, but a transfer of an existing crypto economy).
Lombard’s FDV sits near $1.3B, and BTC.b adds another $550M in active capital.
Together, they form one of the largest pools of productive Bitcoin liquidity in DeFi.
The move unifies LBTC (yield-bearing) and BTC.b (base BTC) under one framework, consolidating all activity - swaps, bridges, and trades into Lombard’s revenue loop.
This strengthens $BARD’s linkage to real fees and yield, while giving Lombard tighter control over how Bitcoin liquidity is deployed.
Bullish.
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