Resolv x Lombard: Stablecoinizing BTCFi
Oct 15, 2025
Resolv and Lombard are integrating to connect Bitcoin liquidity directly with stablecoin money markets across DeFi.
Through this collaboration, Resolv will connect Bitcoin’s functional on-chain economy, already exceeding $1.5B in Lombard’s yield-bearing BTC, with $300B+ in stablecoin markets — linking the two most prominent sources of capital in digital asset finance.
LBTC becomes the first BTC asset in the Resolv BTC cluster.
Bitcoin’s growing presence in DeFi
Bitcoin has been foundational to today’s DeFi capital formation layer. Today, you would hear all sorts of stories of crypto OGs believing in Bitcoin since early days, which allowed them to build prosperous businesses, such as funds, trading firms, and family offices. Modern digital asset businesses are hard to imagine without Bitcoin’s impact. But the paradox is - in decentralized finance, Bitcoin has primarily acted as a passive enabler of early liquidity formation, and has not yet grown into a massive, direct, impactful participation in global onchain money markets.
Around $30 billion worth of Bitcoin is currently deployed in DeFi, just above 1% of its total circulating supply. Out of it, about $5B are earning utility yield one way or another. By comparison, Ethereum’s liquid staking and DeFi integrations account for $100B, around 20% of its $500B market capitalization, highlighting how early BTC still is in this transition. Ethereum had a head start, being embedded in DeFi flows by design, but we are now seeing greater potential for Bitcoin to integrate directly into DeFi markets.
The interest is there: an October 2025 GoMining survey of 700+ Bitcoin holders in North America and Europe found 73% want to earn yield on BTC and 42% want liquidity without selling — yet 77% have never tried BTCFi. What’s missing are scalable, composable structures that allow Bitcoin to participate in DeFi without losing its security and underlying yield.

For Bitcoin holders, this shift provides a way to earn yield and use BTC productively. For DeFi protocols, it adds a new source of high-quality collateral that improves liquidity and capital efficiency across the system.
This matters because decentralized finance constantly seeks allocable, reusable prime capital.
With Bitcoin, there will be more capital efficiency, better risk-adjusted profits, and more competitive money market products. This is a major step for the asset class as it seeks to capture market share from global commodities, fixed income, and equities.
How Resolv integrates Bitcoin liquidity
We’re glad to announce that Resolv’s BTC DeFi cluster is now live, enabling the protocol to allocate into Bitcoin-based assets and strategies across EVM-compatible networks.
Why does this matter for Bitcoin’s utility layer?
Until now, BTCFi integrations in money markets were mostly siloed: Bitcoin served as static collateral on lending markets or isolated yield venues. Resolv now adds a new avenue of growing BTCFi presence in DeFi markets — through a stablecoinized version of Bitcoin’s utility layer on Ethereum and other DeFi-oriented networks.
Connecting BTCFi to USD stablecoin money markets opens up a strong growth trajectory:
Current TVL of stablecoin segments on top 5 DeFi lending markets on EVM networks (Aave, Morpho, Sparklend, Fluid, Compound) stands at about $40B;
USD stablecoin market now exceeds $300B.

Investors can now leverage, lend, and borrow against stablecoins powered by BTCFi, using USR available on 8 networks across key lending markets, such as Fluid, Morpho, and Euler, with more to come.
Lombard’s role in the BTC cluster
Lombard has been one of the main engines behind Bitcoin’s entry into DeFi, bringing more than $3B in Bitcoin into on-chain liquidity and money markets, including integrations with Aave and other protocols, and 82% of LBTC is active in DeFi.
LBTC, Lombard’s yield-bearing BTC, becomes the first asset in Resolv’s BTC cluster.
Through this collaboration, yield-derived from LBTC enters Resolv’s stablecoin yield stack. Resolv will distribute a USD stablecoin backed by LBTC across its integrations to end users across integrated markets, with an aim to superscale BTCFi through stablecoin money markets.
What it means for Resolv users and the protocol
For users, the addition of LBTC introduces new yield potential within USR portfolios. Allocating a portion of collateral into LBTC is expected to participate in Resolv’s liquidity management automations, such as borrowing WBTC on prime lending markets against provided LBTC. We expect this to increase average rate performance by a range of 0.3-0.4% on aggregate, compared to the current portfolio composed solely of ETH-based, USD-neutral assets, and simple BTC without access to utility yields.

For stakers of $RESOLV, higher utility yield translates into stronger protocol fees and more sustainable returns. Additionally, Resolv Foundation plans to distribute $BARD, Lombard’s protocol tokens, among $RESOLV stakers once these rewards are available.
Bitcoin thus becomes a productive component within the Resolv architecture, enhancing both stability and yield potential for product users and tokenholders.
What’s next
We expect to deepen the integration over the coming months. Lombard’s DeFi Vaults will start allocating into Resolv assets, creating two-way liquidity between USR and LBTC.
Future steps include enabling cross-asset borrowing between the two systems and extending access to institutional stablecoin users. Lombard and Resolv will join forces and focus product development and distribution efforts on:
Using LBTC as collateral on exchanges like Bybit and more,
Incorporating LBTC into Resolv’s upcoming institutional USR product as eligible backing, and
Expanding onboarding through Babylon ecosystem participants.
The Resolv & Lombard partnership is set to bring billions in DeFi-compatible Bitcoin on-chain, and this is only the beginning.
Resolv and Lombard are integrating to connect Bitcoin liquidity directly with stablecoin money markets across DeFi.
Through this collaboration, Resolv will connect Bitcoin’s functional on-chain economy, already exceeding $1.5B in Lombard’s yield-bearing BTC, with $300B+ in stablecoin markets — linking the two most prominent sources of capital in digital asset finance.
LBTC becomes the first BTC asset in the Resolv BTC cluster.
Bitcoin’s growing presence in DeFi
Bitcoin has been foundational to today’s DeFi capital formation layer. Today, you would hear all sorts of stories of crypto OGs believing in Bitcoin since early days, which allowed them to build prosperous businesses, such as funds, trading firms, and family offices. Modern digital asset businesses are hard to imagine without Bitcoin’s impact. But the paradox is - in decentralized finance, Bitcoin has primarily acted as a passive enabler of early liquidity formation, and has not yet grown into a massive, direct, impactful participation in global onchain money markets.
Around $30 billion worth of Bitcoin is currently deployed in DeFi, just above 1% of its total circulating supply. Out of it, about $5B are earning utility yield one way or another. By comparison, Ethereum’s liquid staking and DeFi integrations account for $100B, around 20% of its $500B market capitalization, highlighting how early BTC still is in this transition. Ethereum had a head start, being embedded in DeFi flows by design, but we are now seeing greater potential for Bitcoin to integrate directly into DeFi markets.
The interest is there: an October 2025 GoMining survey of 700+ Bitcoin holders in North America and Europe found 73% want to earn yield on BTC and 42% want liquidity without selling — yet 77% have never tried BTCFi. What’s missing are scalable, composable structures that allow Bitcoin to participate in DeFi without losing its security and underlying yield.

For Bitcoin holders, this shift provides a way to earn yield and use BTC productively. For DeFi protocols, it adds a new source of high-quality collateral that improves liquidity and capital efficiency across the system.
This matters because decentralized finance constantly seeks allocable, reusable prime capital.
With Bitcoin, there will be more capital efficiency, better risk-adjusted profits, and more competitive money market products. This is a major step for the asset class as it seeks to capture market share from global commodities, fixed income, and equities.
How Resolv integrates Bitcoin liquidity
We’re glad to announce that Resolv’s BTC DeFi cluster is now live, enabling the protocol to allocate into Bitcoin-based assets and strategies across EVM-compatible networks.
Why does this matter for Bitcoin’s utility layer?
Until now, BTCFi integrations in money markets were mostly siloed: Bitcoin served as static collateral on lending markets or isolated yield venues. Resolv now adds a new avenue of growing BTCFi presence in DeFi markets — through a stablecoinized version of Bitcoin’s utility layer on Ethereum and other DeFi-oriented networks.
Connecting BTCFi to USD stablecoin money markets opens up a strong growth trajectory:
Current TVL of stablecoin segments on top 5 DeFi lending markets on EVM networks (Aave, Morpho, Sparklend, Fluid, Compound) stands at about $40B;
USD stablecoin market now exceeds $300B.

Investors can now leverage, lend, and borrow against stablecoins powered by BTCFi, using USR available on 8 networks across key lending markets, such as Fluid, Morpho, and Euler, with more to come.
Lombard’s role in the BTC cluster
Lombard has been one of the main engines behind Bitcoin’s entry into DeFi, bringing more than $3B in Bitcoin into on-chain liquidity and money markets, including integrations with Aave and other protocols, and 82% of LBTC is active in DeFi.
LBTC, Lombard’s yield-bearing BTC, becomes the first asset in Resolv’s BTC cluster.
Through this collaboration, yield-derived from LBTC enters Resolv’s stablecoin yield stack. Resolv will distribute a USD stablecoin backed by LBTC across its integrations to end users across integrated markets, with an aim to superscale BTCFi through stablecoin money markets.
What it means for Resolv users and the protocol
For users, the addition of LBTC introduces new yield potential within USR portfolios. Allocating a portion of collateral into LBTC is expected to participate in Resolv’s liquidity management automations, such as borrowing WBTC on prime lending markets against provided LBTC. We expect this to increase average rate performance by a range of 0.3-0.4% on aggregate, compared to the current portfolio composed solely of ETH-based, USD-neutral assets, and simple BTC without access to utility yields.

For stakers of $RESOLV, higher utility yield translates into stronger protocol fees and more sustainable returns. Additionally, Resolv Foundation plans to distribute $BARD, Lombard’s protocol tokens, among $RESOLV stakers once these rewards are available.
Bitcoin thus becomes a productive component within the Resolv architecture, enhancing both stability and yield potential for product users and tokenholders.
What’s next
We expect to deepen the integration over the coming months. Lombard’s DeFi Vaults will start allocating into Resolv assets, creating two-way liquidity between USR and LBTC.
Future steps include enabling cross-asset borrowing between the two systems and extending access to institutional stablecoin users. Lombard and Resolv will join forces and focus product development and distribution efforts on:
Using LBTC as collateral on exchanges like Bybit and more,
Incorporating LBTC into Resolv’s upcoming institutional USR product as eligible backing, and
Expanding onboarding through Babylon ecosystem participants.
The Resolv & Lombard partnership is set to bring billions in DeFi-compatible Bitcoin on-chain, and this is only the beginning.