On July 23, PANews reported that Bitcoin financial products startup Lombard Finance has launched a new product called the "Bitcoin On-Chain Credit Strategy," with global trading firm Flow Traders as its pilot partner. The product will enable Flow Traders to borrow stablecoins for market making without providing on-chain collateral. According to the announcement, Bitcoin deposited into Lombard’s Bitcoin Earn yield product will be underwritten through Cap’s private credit platform as collateral.
Lombard Finance Launches On-Chain Bitcoin Credit Strategy with Flow Traders as Pilot Partner
PANewsShare
Summary
Lombard Finance, a Bitcoin financial products startup, has launched the 'On-Chain Bitcoin Credit Strategy' in on-chain news. Flow Traders is the first partner, enabling stablecoin borrowing for market making without on-chain collateral. Bitcoin deposited into Lombard’s Bitcoin Earn product will be underwritten as collateral via Cap’s private credit platform. This Bitcoin news represents a new approach to leveraging Bitcoin in DeFi.
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