**Exciting News from Bybit: Expanding BTC Staking Opportunities!**
Dubai, United Arab Emirates, April 11th, 2025 – Chainwire – Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is thrilled to announce a new initiative aimed at making BTC staking more accessible than ever, in collaboration with Lombard Finance, the creators of LBTC, the leading staked BTC. With innovative DeFi offerings, Bybit Web3 is set to introduce users to the exciting yield potential of BTC, complete with exclusive rewards!
Starting April 9, eligible users of the Bybit Web3 Seed Phrase Wallet can stake BTC directly from their wallets and earn extra points across Lombard, Babylon, and Veda. Lombard is on a mission to connect BTC with every chain, DeFi protocol, and yield opportunity through LBTC. As the top liquid staked token for BTC, LBTC is trusted by over 100,000 users, allowing BTC holders to activate their assets in DeFi and earn staking yields from Babylon’s Bitcoin Staking ecosystem while keeping the value of their BTC intact.
With more than 21,000 LBTC currently in circulation and over 60% actively utilized in DeFi, LBTC is being leveraged for lending, borrowing, trading, and re-staking across six different chains. Lombard has teamed up with Veda Labs to simplify access to DeFi yields for BTC holders with just one click. Through the Lombard DeFi Vault, LBTC holders can tap into real yields from DeFi.
From now until May 9, eligible participants on Bybit Web3 can enjoy up to 5% APY in DeFi yield, along with 6X Lombard LUX, 1X $BABY, and 6X Veda Points for their deposits. This campaign is part of Bybit Web3’s ongoing commitment to providing users with unique incentives and seamless access to cutting-edge DeFi products.
“BTC has always been the backbone of crypto, but until now, it’s been mostly passive. This campaign is a game-changer — it’s not just about how BTC is held, but how it can move. We’re unlocking real yield, real simplicity, and real access for the next generation of users,” said Emily Bao, Head of Bybit Web3.
“BTC is undergoing a transformation,” added Jacob Phillips, Co-Founder of Lombard Finance. “Once seen only as a store of value, BTC is now being integrated into DeFi, creating new earning opportunities for BTC holders. With the LBTC SDK, Bybit is making it easier for users to stake BTC and participate in DeFi directly within the Wallet.”
To get started, users can create or import a Bybit Seed Phrase Wallet and deposit BTC into their Bybit Wallet in the app to receive LBTCv in their Ethereum address. LBTCv represents the LBTC deposited into the DeFi Vault. Users can track their rewards on the pool page within Bybit Web3, and this exclusive event is currently available only to eligible Bybit app users.
Bybit Web3 is dedicated to creating a vibrant and rewarding environment for its users. For more information about the campaign and its terms and conditions, please visit Bybit Web3. #Bybit / #TheCryptoArk / #BybitWeb3
**About Bybit**
Bybit is the world’s second-largest cryptocurrency exchange by trading volume.
