The new system safeguards Lombard Staked Bitcoin using Chainlink’s CCIP and Symbiotic’s restaking framework, with vaults holding LINK and BARD tokens for enhanced security.
Symbiotic, Chainlink, and Lombard have introduced a guarantee layer to secure Lombard Staked Bitcoin (LBTC) during cross-chain transfers. The solution uses Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as its security foundation and integrates Symbiotic’s permissionless restaking framework. Two new Symbiotic vaults will support the system, holding up to $100 million in LINK and up to 20 million BARD tokens, monitored by a Symbiotic-powered network verifying LBTC transfers via CCIP. BARD holders can stake via the Lombard App to earn up to 15% APY. Executives from all three companies highlight the integration’s capability to enhance economic guarantees, scale protection with demand, and maintain LBTC’s integrity.