Symbiotic, Chainlink, and Lombard have unveiled their collaboration to launch the industry-first cryptoeconomic guarantee layer for secure cross-chain Bitcoin transfers.

Symbiotic, Chainlink, And Lombard Team Up

On Monday, staking protocol Symbiotic announced its partnership with decentralized oracle provider Chainlink and Bitcoin DeFi protocol Lombard to launch the industry’s first-of-its-kind guarantee layer for cross-chain Bitcoin transfers.

The collaboration integrates Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to secure transfers of Lombard Staked Bitcoin (LBTC) across blockchains. Additionally, it introduces two new Symbiotic vaults, backed by a Symbiotic-powered monitoring network that verifies LBTC transfers via CCIP and issues alerts in case of discrepancies, th

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