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- 🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon?
Brain challenge, guess and win rewards!
5 lucky users with the correct answers will share $50 GT! 💰
Join:
1️⃣ Follow Gate_Square
2️⃣ Like this post
3️⃣ Drop your answer in the comments
📅 Ends at 16:00, Sep 17 (UTC) - The Gate to Web3’s future opened in Tokyo during WebX Asia ✨
VIP vibes, exclusively with Dr. Han.
#WebX2025# #Gate# - Gate Launches GUSD!
Mint, trade, and stake GUSD — backed by U.S. Treasuries & real-world assets, offering low-risk, stable-yield opportunities. First Launchpool goes live Aug 29, 2025, with up to 365% APR.
If stablecoins have USDC, Ethereum has Lido, then who does Bitcoin need?
⭐️1. The Missing Bitcoin Puzzle After the ETF
In the past two years, Wall Street has opened a door for Bitcoin with ETFs.
This means that hundreds of billions of funds can finally enter Bitcoin "legally", and the market size is visibly enlarged. However, the issue is that after holders buy in, the assets are basically in a dormant state, unable to be combined for use or generate income on-chain.
The gap with the Ethereum ecosystem is becoming increasingly obvious. ETH has stablecoin USDC providing liquidity, and LST products like Lido promoting re-staking, with the on-chain economic flywheel operating at high speed. On the other hand, BTC, despite being the most important asset in the crypto market, has long remained in the stage of "storing in cold wallets."
In other words, the ETF solves the problem of "how money comes in," but does not solve the problem of "how money flows on the chain."
⭐️2. Insights on Stablecoins
To understand what infrastructure is needed for BTC, it might be helpful to review the development of stablecoins.
USDT was introduced in 2014, followed by Circle's USDC, and together they support a market capitalization of nearly $300 billion today. The significance of stablecoins lies not in a single "token", but in the trusted issuance + secure custody + infrastructure they provide.
This entire system allows fiat currency to smoothly enter the blockchain and circulate within various DeFi protocols. BTC also needs a similar puzzle. Its volume is 7 times that of stablecoins, but on-chain, there is almost no way to fully unleash its potential.
This is precisely the historical context in which @Lombard_Finance emerged.
⭐️Three, Lombard: the "BlackRock" of the Bitcoin field
If the ETF brought Bitcoin to Wall Street, then Lombard's goal is to bring Bitcoin to the on-chain financial world.
Lombard has first launched $LBTC - the first interest-generating asset backed by BTC, which can earn yields on protocols like Aave, Spark, Pendle, and Etherfi. In just 92 days, the TVL of $LBTC exceeded $1 billion, making it the fastest-growing interest-generating token in history; currently, its market share has reached 40%, making it the largest BTC liquid staking token (LST).
⭐️4. Track Comparison: Unique Positioning that Cannot Be Replaced
Some may compare Babylon, Lido, or Etherfi.
But Babylon is just a staking infrastructure; Lido is the leader in ETH staking, but it does not have a full-stack layout for BTC; Etherfi balances issuance and treasury, but its scale and ecosystem coverage are far inferior.
From the market size perspective, Ethena is positioned for stablecoin yields (target market of $290 billion), with an FDV of $9.5 billion; Lombard is positioned for BTC yields (target market of $2.2 trillion), with potential far greater than the former.
⭐️5. How to participate in the $BARD new token offering?
In the ecosystem of Lombard, $BARD is essentially a Beta option for investing in the growth of BTC.
The Lombard Community Round will start soon, and the new token offering will take place on Buidlpad! Here is the key information:
📅Key Time:
Lombard has also prepared community creation activities, with 10% of the presale shares allocated to active creators and long-term supporters. The specific approach is to post original content related to Lombard on X, tagging @buidlpad, and adding it next to the nickname. 🧩$BARD. Deadline for submission is August 25 (today).
⭐️6. Team and Financing: Professional Background and Institutional Trust Endorsement
In a market as large as Bitcoin, where security requirements are extremely high, the project team and capital support are often more critical than the narrative.
The Lombard team comes from Coinbase, Ripple, Babylon, Deutsche Bank, Microsoft, etc., with experience in both traditional finance and crypto-native fields.
In terms of financing, Lombard has completed a $17 million funding round, with investors including top institutions such as Polychain Capital, YZi Labs, and OKX Ventures. Such an investment lineup is a long-term endorsement of its strategic vision.
After discussing so much, let me summarize briefly. Lombard is not an isolated product, but a complete financial system that enables Bitcoin to generate returns, liquidity, and redistribution.
Investing in BARD is like investing in BTC. From this perspective, the early participation in Lombard has a relatively promising return on investment. What does everyone think?