{"id":172955,"date":"2024-10-10T18:01:51","date_gmt":"2024-10-10T18:01:51","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=172955"},"modified":"2024-10-10T18:01:55","modified_gmt":"2024-10-10T18:01:55","slug":"lombard-vault-shatters-100m-milestone-triples-liquidity-in-just-a-month","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/lombard-vault-shatters-100m-milestone-triples-liquidity-in-just-a-month\/","title":{"rendered":"Lombard Vault Shatters $100M Milestone, Triples Liquidity in Just a Month"},"content":{"rendered":"<p style=\"text-align: justify\">TL;DR<\/p>\n<ul>\n<li style=\"text-align: justify\">Lombard Vault has nearly <strong>tripled its total value locked (TVL),<\/strong> reaching $114.5 million in less than a month since its launch.<\/li>\n<li style=\"text-align: justify\">The platform allows users to deposit Wrapped Bitcoin (WBTC), LBTC, and other digital assets, offering an <strong>annual percentage yield (APY) exceeding 11%.<\/strong><\/li>\n<li style=\"text-align: justify\">On October 10, it <strong>reported over $17 million in deposits in a single day<\/strong>, with LBTC accounting for more than 95% of the inflows.<\/li>\n<\/ul>\n<hr \/>\n<p style=\"text-align: justify\"><a href=\"https:\/\/crypto-economy.com\/lombard-finance\/\" target=\"_blank\" rel=\"noopener\"><strong>Lombard Vault<\/strong><\/a>, a yield-focused platform oriented towards <strong>Bitcoin<\/strong>, has experienced strong growth following its launch, nearly <strong><a href=\"https:\/\/defillama.com\/protocol\/lombard-vault#information\" target=\"_blank\" rel=\"noopener\">tripling<\/a> its total value locked (TVL) to $114.5 million<\/strong> in less than a month.<!--more--><\/p>\n<p style=\"text-align: justify\">Since its launch in September, Lombard Vault <strong>has surpassed the $100 million mark in TVL<\/strong>, reaching a record today that reflects a clear interest in its services. At its inception, the platform had approximately $40 million in TVL, demonstrating a substantial increase in liquidity in a short period of time.<\/p>\n<h2 style=\"text-align: justify\">Lombard Offers an APY Exceeding 11%<\/h2>\n<p style=\"text-align: justify\">This product allows users to <strong>deposit Wrapped Bitcoin (WBTC), LBTC<\/strong>, which represents a liquid staking token of Bitcoin, and other digital assets to <strong>implement decentralized finance (DeFi) strategies<\/strong>. Lombard Vault offers an <strong>annual percentage yield (APY) exceeding 11%<\/strong>, making it attractive for investors looking to maximize their returns.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-172957\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/defillama-post-1.png\" alt=\"lombard post\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/defillama-post-1.png 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/defillama-post-1-300x109.png 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/defillama-post-1-768x279.png 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<p style=\"text-align: justify\">Developed in collaboration with Veda, the platform serves as an <strong>automated yield management solution<\/strong>. This enables Bitcoin deposits to be strategically deployed across various DeFi products, including Gearbox, Morpho Blue, Pendle, and Uniswap. Additionally, the platform <strong>facilitates automated compounding by converting generated rewards into LBTC<\/strong>, simplifying asset management for users.<\/p>\n<h3 style=\"text-align: justify\">The Platform&#8217;s Overwhelming Success<\/h3>\n<p style=\"text-align: justify\">On October 10, the platform reported <strong>record inflow volumes, with more than $17 million in tokens deposited<\/strong> in a single day. This massive influx was largely due to <strong>LBTC representing over 95% of the deposits<\/strong>. LBTC, which is based on Ethereum and backed by <a href=\"https:\/\/crypto-economy.com\/ethereum-vs-bitcoin\/\" target=\"_blank\" rel=\"noopener\"><strong>Bitcoin<\/strong> <\/a>at a 1:1 ratio, also <strong>generates a native yield through Babylon Staking<\/strong>.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-172958\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/lombard-post-1.png\" alt=\"lombard post\" width=\"824\" height=\"490\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/lombard-post-1.png 824w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/lombard-post-1-300x178.png 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/lombard-post-1-768x457.png 768w\" sizes=\"(max-width: 824px) 100vw, 824px\" \/><\/p>\n<p style=\"text-align: justify\">The demand for minting LBTC has reached very high levels, <strong>surpassing $500 million in BTC deposits for its minting<\/strong>. Since the platform&#8217;s launch in early September, Lombard has minted over <strong>8,300 LBTC tokens<\/strong>, which are now held by more than <strong>12,700 wallets<\/strong>, a notable increase in adoption.<\/p>\n<p style=\"text-align: justify\">Lombard Vault has proven to be a crucial component in the DeFi ecosystem, and its growth emphasizes the importance of solutions that offer attractive yields and automated asset management<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Lombard Vault has nearly tripled its total value locked (TVL), reaching $114.5 million in less than a month since its launch. The platform allows users to deposit Wrapped Bitcoin (WBTC), LBTC, and other digital assets, offering an annual percentage yield (APY) exceeding 11%. On October 10, it reported over $17 million in deposits in &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Lombard Vault Shatters $100M Milestone, Triples Liquidity in Just a Month\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/lombard-vault-shatters-100m-milestone-triples-liquidity-in-just-a-month\/#more-172955\" aria-label=\"More on Lombard Vault Shatters $100M Milestone, Triples Liquidity in Just a Month\">Read more<\/a><\/p>\n","protected":false},"author":34,"featured_media":172956,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[100,70,74],"tags":[4602,4620,4656],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172955"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=172955"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172955\/revisions"}],"predecessor-version":[{"id":172959,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172955\/revisions\/172959"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/172956"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=172955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=172955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=172955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}