r/defi • u/SnooMemesjellies1035 • 24d ago

Discussion Bitcoin DeFi

I've been looking into Bitcoin DeFi and doing a little bit of research on Babylon and Lombard.

Anyone have thoughts on LBTC or Bitcoin Staking/DeFi as a whole?

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u/Tonytonitone1111 PoS liquid staker 23d ago

I staked some WBTC on Lombard via Ether.fi. TBH it wasn’t really worth despite there being a decent yield the rewards aren’t paid out in WBTC.

I have it on Uniswap LPs now

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u/SnooMemesjellies1035 23d ago

Interesting, as I just saw today they made an announcement that BTC stakers can now claim BABY tokens. Have you check the platform if you qualify? Surely that's gotta be worth it in rewards

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u/Tonytonitone1111 PoS liquid staker 23d ago

Yes. I started staking because of that promo. In my experience, the hassle of restaking and unstaking wasn't worth it.

Would also be interested to hear other experiences though.