Lombard Finance has launched a software development kit (SDK) to facilitate easy bitcoin (BTC) staking, aiming to tap into the estimated $154 billion in idle BTC held on centralized exchanges. Notable exchanges like Binance and Bybit have already integrated the SDK, which allows users to stake their BTC to receive a liquid staking token, LBTC, with an annual yield of 3% through Lombard’s DeFi Vault. This initiative aims to boost BTC's functionality within the decentralized finance (DeFi) economy, transforming Bitcoin from a mere store of value to an asset with earning potential. The growth of BTC staking has reached $4 billion since its inception seven months ago, with Lombard’s DeFi Vault holding over $200 million in total value. By streamlining the staking process, Lombard Finance hopes to engage users and create new revenue streams for platforms that adopt their toolkit.

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