Lombard shifts LBTC yield source from Babylon staking to Bitwise covered-call strategy
Lombard announced that LBTC's yield source will shift from Babylon Bitcoin staking to a Bitwise-managed covered-call options strategy targeting 2.5% net APY denominated in Bitcoin, with up to 60% of LBTC's backing deployed in the strategy.
Detected & updated continuously · Source: Nebula
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@btcliveco
JUST IN: 📈 Lombard has shifted LBTC's yield source from Babylon Bitcoin staking to a Bitwise-managed covered-call options strategy, targeting 2.5% net APY denominated in Bitcoin. https://t.co/5XUJOeW30o
@WuBlockchain
Lombard announced that LBTC’s yield source will shift from Babylon Bitcoin staking to a covered-call options strategy managed by Bitwise, targeting a 2.5% net APY denominated in Bitcoin. The strategy will deploy up to 60% of LBTC’s backing, with the Bitcoin held in custody by