$BARD is similar to BTC in that it pays interest, but the systems are different.
The interest rate for $LBTC from @Lombard_Finance is generated not from operations but from contributions to networks like Babylon, converting the profits into BTC.
In other words, the underlying yield for LBTC is guaranteed.
(However, it won't be high.)
The structure naturally increases the value of 1 LBTC as issued LBTC > deposited BTC.
โโ
However, Lombard does manage the assets deposited in $LBTC.
That's what the Vault system is for.
It generates interest income through institutional loans, money markets, etc., and distributes the profits to the Vault depositors.
Of course, it's not as active as something like Multipli, but it shares profits with holders through passive income like interest rate margins.
โโ
Additionally, $LBTC itself can currently be utilized on many exchanges and DeFi platforms, and the market size is relatively large, making it stable in terms of volatility.
You can choose what suits your preferences.
In the future, @Lombard_Finance will directly benefit greatly from increased utilization and activation.
The cool thing about Multipli is that it reports its status every week, as shown in the picture below.
@multiplifi clearly informs us about the average APY each week and how much profit has been made.
It's similar to entrusting your money to an asset management company and just letting it grow.
@multiplifi consistently provides stable returns even amidst market volatility with its automated delta-neutral engine.
I feel a sense of stability even while currently depositing BTC because multiplifi automatically provides returns through a delta-neutral position on BTC.
โโ
As more diverse asset classes are added, the opportunity to generate consistent returns rather than just holding those assets means that
the more this market grows, the more profit opportunities there will be.
Currently, paying 4% interest just on Bitcoin... even if you don't know much about DeFi, isn't that the best with a single deposit?
5.9K
26
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.