The Most Obvious Mispricing in Crypto Right Now? $BTC Vaults.

$ETH restaking has $19.7B TVL.
$BTC in DeFi? Just $6.92B.

Let that sink in.
The most valuable asset in crypto ($2.3T in market cap) is still largely idle.

No staking.
No rehypothecation.
No vault-layer modularity.

But that’s changing fast.

-- 📌 $BTC Vaults Are the Unlock

Protocols like @Lombard_Finance are building Bitcoin-native vault layer

Not wrapped.
Not bridged.
But native, modular, and programmable.

Think:

▸ Lido, but for $BTC
▸ EigenLayer, but with vaults
▸ MakerDAO, but with native Bitcoin collateral

This isn’t theory. It is live.

Lombard lets users mint $LBTC by locking $BTC into modular vaults.

From there, it opens up all the system:
+ Leverage
+ Restaking
+ Native yield

All while maintaining Bitcoin’s security guarantees.

-- 📌 Here's the Trade

$ETH restaking TVL has 3x'd in 6 months.
If $BTC vaults merely catch up on a relative basis, we’re talking billions in unlock.

That’s asymmetric upside.

You’re not betting on meme flows. You’re betting on structural convergence.

-- 📌 $LBTC Positioning

As vault liquidity deepens, $LBTC becomes the $BTC DeFi base asset.
Composable.
Secure.
Aligned with native vault growth.

Watch for second-order effects:

▸ $BTC-native leverage loops
▸ $LBTC yield strategies
▸ Liquid staking vaults
▸ Credit layer on top

-- 📌 My Take

Don’t wait for narratives to catch up.
$BTC vault infrastructure is the quietest unlock happening in DeFi right now.
If it captures even 10% of ETH’s restaking TVL, it’s a 3-5x from here.

$LBTC is how you front-run that.