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Posted: 2025-07-15 16:43:23 UTC
This article contains some claims that are falsified. While not everything in the article is false, please proceed with extreme caution and verify any critical information independently.
This article contains some claims that are falsified. While not everything in the article is false, please proceed with extreme caution and verify any critical information independently.
Status
Last Updated
2025-07-15 16:43:38 UTC
Verified By
Rollup News
LBTC is upgrading to become a yield-bearing asset on July 22, enabling native BTC-denominated yield while maintaining liquidity and DeFi compatibility. This upgrade sources yield through Babylon’s Bitcoin Staking Protocol, with staking rewards periodically swapped for LBTC. The value of LBTC will increase as staking rewards accrue, and when redeemed, each LBTC becomes redeemable for more BTC. Users who staked prior to Babylon Genesis (April 6th) must claim $BABY from the Staking Yield pool before July 22.
LBTC is becoming a yield-bearing asset.
Native BTC-denominated yield is unlocked.
LBTC remains fully compatible with DeFi.
Staking rewards will be periodically swapped for LBTC.
Users must claim $BABY before July 22.
Users who staked prior to Babylon Genesis (April 6th) must claim $BABY from the Staking Yield pool before July 22.
Ensuring a seamless transition with protocol teams and risk councils.