Symbiotic, Chainlink, and Lombard introduce innovative layer for cross-chain Bitcoin transfers

Symbiotic, in collaboration with Chainlink and Lombard, has launched a unique guarantee layer that supports secure cross-chain Bitcoin transfers. This advancement utilizes Chainlink’s Cross-Chain Interoperability Protocol (CCIP) for protection and incentivization.

BARD token holders can stake their assets to achieve an annual percentage yield (APY) of up to 15%. The new system aims to provide users with a more secure and flexible method for moving Bitcoin.

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