Lombard collaborates with Chainlink and Symbiotic to introduce BARD token utility through restaking and launch the first cross-chain LBTC cryptoeconomic security layer.

Lombard announced a groundbreaking three-way collaboration with Chainlink and Symbiotic to introduce BARD token utility through restaking and launch the industry's first economically secure cross-chain bridging solution. This collaboration combines Chainlink's Cross-Chain Interoperability Protocol (CCIP) with Symbiotic's universal staking framework to create an additional layer of cryptoeconomic security for LBTC cross-chain transfers. By integrating Symbiotic's permissionless restaking architecture with CCIP's modular security framework, the collaboration sets a new standard for top-tier BTC derivatives, achieving maximum interoperability and cryptoeconomic security. This collaboration demonstrates the flexibility of CCIP's modular security architecture, enabling asset issuers to customize protection schemes for cross-chain transfers through features such as token developer certification and integration with external cryptoeconomic systems, without requiring any modifications to CCIP itself. Furthermore, staking functionality will be available on the Lombard app, enabling users to enjoy a 240% APY on BARD at launch (decreasing over time) and receive additional incentives from the partners.