Here are my top 5 DeFi platforms
For farming Lombard and profiting from $LBTC
Here is a detailed list👇🧵

🔮 What is @Lombard_Finance
• Lombard is a decentralized protocol unlocking the value of idle BTC by bridging it into the DeFi world.
• Their core product, LBTC, is a liquid, yield-generating Bitcoin derivative built using Babylon (BTC staking) and Bacon (BTC securitization layer)

1) Get $LBTC
• Go to:
• Click 'LBTC on SUI'
• Enter the amount you want
• You’ll receive a BTC address; send exactly that amount of BTC to the address provided
• You’ll receive your tokens after about 5–10 minutes
An easier way
• Go to:
• Click 'Trade'
• Swap to $LBTC
2) @CetusProtocol
• What is Cetus?
• Cetus is a decentralized exchange (DEX) and concentrated liquidity protocol built on the Move ecosystem, primarily on Sui and Aptos.
• It offers advanced features like range orders and NFT-based liquidity.

$LBTC INFO
• On Cetus, there are many liquidity pools available, but only three are actively used:
• LBTC - SUI (APR: 50%)
• LBTC - wBTC (APR: 8%)
• LBTC - USDC (APR: 427%)
• The best-performing pool is LBTC - SUI due to significantly higher trading fees.
• However, if you're looking for a safer, more stable option, then LBTC - wBTC is recommended.

3) @bluefinapp
• What is this Bluefin?
• Bluefin is a high-performance decentralized trading platform for spot and perpetual contracts on Sui.
• It uses a hybrid model off-chain orderbook with on-chain settlement enabling low-latency (≈30ms) and near-instant finality.

$LBTC INFO
• There are three ways to farm LBTC on the Bluefin platform:
• Supply – APR: 3.49%
• Borrow – APR: 2.02%
• Pools – APR: 6.60% to 83%
• The safest option is likely the Supply method.
• However, if you're willing to take on more risk, the Pools offer higher returns and an added benefit: daily rewards in the form of DEEP and BLUEFIN tokens.

4) @suilendprotocol
• What is Suilend?
• Suilend is the leading lending and borrowing protocol on Sui. Users can deposit assets to earn interest, borrow against collateral, and participate in staking and AMM liquidity strategies.
• Launched in early 2024, it quickly reached $1B+ TVL. The SEND token governs the protocol and incentivizes users.

$LBTC INFO
• On Suilend, there are only two options:
• Lend (APR: 1.25%)
• Borrow (APR: 3%)
• But with Lend, you also farm Lombard Lux 3X Points, so here you need to decide if you are a Lombard Maxi or nah

5) @MMTFinance
• What is Momentum?
• Momentum is a concentrated liquidity AMM DEX on Sui, using the ve(3,3) model (like Solidly) to boost liquidity incentives and governance participation.
• It supports efficient range-based LP strategies and distributes rewards via Bricks (pre-token points).

$LBTC INFO
• There are also only three active pools here:
• LBTC - wBTC (APR: 8%)
• LBTC - SUI (APR: 424%)
• LBTC - USDC (APR: 6%)
• But here I choose the LBTC - wBTC pair. Why?
• It’s simple:
• First, the rewards are higher than in the other pools.
• Second, the pool is relatively safe.
• And third, it offers a 1.5x Bricks Boost in their point system.

6) @navi_protocol
• What is this Navi protocol?
• Navi is a full-stack liquidity protocol on Sui, offering lending, borrowing, leveraged vaults, and isolated risk markets.
• It focuses on safety, modular design, and capital efficiency.

$LBTC INFO
• There are only two options here:
• Supply (APR: 2.3%)
• Borrow (APR: 0.165%)
• Unfortunately, these are the least profitable conditions,
but at the same time, you receive 3X Lombard Points here.

What is your strategy for $LBTC?
5.24K
46
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.