@giddygorilla
In terms of market performance, since launching in September 2024, LBTC has set records, reaching over $1 billion in TVL in just 92 days. Over 80% of LBTC is active in DeFi, used for lending, liquidity provision, and re-staking strategies, attracting over $2 billion in new liquidity. LBTC is also a crucial component of Babylon's Bitcoin staking protocol, occupying 40% market share and deeply collaborating with Finality Providers like Galaxy, Figment, Kiln, and P2P. Top DeFi protocols including Aave, Maple, Spark, and Morpho have incorporated LBTC as an institutional-grade collateral asset, providing BTC holders with low-risk, composable capital deployment capabilities.
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