Protocol Operations: A Real-World Use Case
Lombard secures $2B in BTC with CubeSigner, generating Bitcoin keys programmatically and enforcing Babylon-specific workflows to restrict their usage—like ensuring deposits can only be staked to Babylon. Lombard maintains self-custody using multi-approvals, transaction limits, and timelock policies. To protect their Bitcoin bridges to Ethereum (and other EVM chains), Sui, and Solana, Lombard has chosen Bascule to independently verify that each LBTC mint is 1-to-1 backed by BTC.