Lombard completed a 1403.52% oversubscription, and this time Buidlpad is indeed very competitive, with only 28K out of 133K subscriptions passing the application, resulting in a pass rate of 21%. So, those who can participate are quite fortunate. Many people were intimidated by its BTCfi label, but Lombard is actually a DeFi project that helps large institutions in the crypto space with asset management. It was incubated by Polychain and its partners directly became the founders, with investments from Binance, OKX, Franklin, Dao5, and others, so it definitely has sufficient funds. Note that most of its capital is from institutional self-funding, unlike those projects that inflate TVL and sign unequal treaties with large holders. Therefore, Lombard's airdrop for repaying TVL after TGE will likely have much less selling pressure. Unlike BTC L2, which needs to find ways to create more applications for users to continuously use and earn Gas fees, Lombard, as a DeFi project, only needs to...
We're partnering with @Lombard_Finance to bring Bitcoin to MegaETH.
Hardest Money | Fastest Chain
Day 1.
12.21K
0
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.