Last night around 11 PM, a friend shouted in the group chat: "Has BTC touched 100,000 again?" Before I could even react, a sharp drop in the candlestick chart startled me awake 😂, almost spilling my milk tea on the keyboard. After calming down, I was more interested in finding ways to "make BTC work"—I stumbled upon @Lombard_Finance, and the discussions over the past week have been quite interesting. ① LBTC entering Maple's collateralized lending: The first transaction of approximately $14 million has been completed, and BTCFi is starting to have an "institutional feel." Some even say this approach is releasing BTC liquidity and competing with CEXs. ② The 12 Christmas badges have expired, but Season 2 has reached 3/16: Tap-in, badges, referrals, LBTC v Vault (automatic strategy + 4x Lux). ③ A blogger complained that BARD is like a stablecoin, hovering around 0.8. Siyuan believes Lombard's moat = security (15 institutions + PoR/CCIP) + distribution (SDK integrated into exchanges). Additionally, Kaito Yappers has a $1.6 million BARD pool. Further note: BTC.b has a 0% mintage rate and a redemption fee of 0.0001 BTC.