1.3 LBTC vs BTC.b vs Other BTC assets.

Choosing Your Bitcoin Asset

Quick Comparison Table

Feature	LBTC	BTC.b	WBTC	cbBTC
Issuer	Lombard	Lombard	BitGo	Coinbase
Yield Generation	Yes	No	No	No
KYC Required	No	No	Yes (merchants)	Yes
Custody Model	Decentralized	Decentralized	Centralized	Centralized
Minting Fee	0%	0%	0.25%	Variable
Redemption Fee	0.0001 BTC	0.1%	0.25%	Variable
Management Fee	No	No	No	No
Chains Supported	5+	5+	10+	Base, Ethereum
Permissionless	Yes	Yes	No	No
Proof of Reserve	Yes	Yes	Yes	Yes
Redemption Time	7/9 days	4-8 hours	24-48 hours	Instant-24 hours
DeFi Integration	Growing	Extensive	Extensive	Limited
Geographic Restrictions	Sanctioned only	Sanctioned only	Multiple	Multiple

LBTC is ideal for:

• Long-term Bitcoin holders seeking passive yield

• Users comfortable with staking mechanics

• Portfolios focused on yield optimization

• Institutional treasuries requiring productive assets

• Users who don't need frequent redemptions to native BTC

Example Strategy: Hold LBTC in your treasury to earn 3-5% APY on your Bitcoin reserves while maintaining Bitcoin price exposure. Use the yield to fund operations or compound back into more LBTC.

When to Choose BTC.b

BTC.b is ideal for:

• Active DeFi users requiring maximum flexibility

• Collateral for borrowing and lending protocols

• Liquidity provision in DEX pools

• Cross-chain arbitrage and trading

• Users requiring frequent minting/redemption

• Strategies that generate yield through DeFi rather than staking

Example Strategy: Use BTC.b as collateral on Aave to borrow stablecoins, while maintaining your Bitcoin exposure and benefiting from potential price appreciation.