Lombard, together with Chainlink and Symbiotic, introduces BARD token utility through restakes, and launches the first cross-chain LBTC crypto economic protection layer

Odaily Planet Daily News Lombard announced a pioneering tripartite cooperation with Chainlink and Symbiotic to introduce BARD token utility through re-stakes and launch the industry's first cross-chain bridge solution that guarantees economic security. The cooperation combines Chainlink's Cross-chain Interoperability Protocol (CCIP) with Symbiotic's universal staking framework to create an additional cryptographic economics guarantee layer for LBTC cross-chain transmission. This cooperation establishes new standards for top BTC derivatives to achieve maximum interoperability and cryptographic economics guarantee by integrating Symbiotic's permissionless restaking architecture and CCIP's modular security framework. This collaboration demonstrates the powerful flexibility of the modular security architecture of CCIP. Through token developer authentication and external crypto economic system integration, asset issuers can customize protection solutions for cross-chain transfers without any modifications to CCIP itself. In addition, the staking feature will be available on the Lombard app, where users can enjoy 240% APY BARD pricing gains (decreasing over time) at launch and receive additional incentives from partners.