Security-focused staking protocol Symbiotic has partnered with Lombard and Chainlink for cross-chain Bitcoin transfers.
The integration will monitor all cross-chain transfers of Lombard Staked Bitcoin (LBTC) through the Chainlink Cross-Chain Interoperability Protocol (CCIP) for an economically secure multi-chain experience.
Symbiotic is introducing two new vaults alongside the activation, with a $100 million LINK vault and a 20 million BARD vault, where users staked to the vaults can earn up to 15% APY, according to a release shared with The Defiant.
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