We’ve seen $BTC in DeFi before.

Mostly through wrapped assets. Mostly bridged.
And mostly broken.

The issue wasn’t demand. It was design.

Now, @Lombard_Finance is flipping the model with something deceptively powerful:
A vault routing engine that unlocks native composability across protocols.

Let’s delve into the mechanics, shall we?

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1️⃣ Vault Hooks = Custom Logic at In/Outflows

Every $LBTC vault is wired with on-chain hooks.

That means strategy creators can inject logic at three levels:

+ On Deposit
+ On Withdrawal
+ On Routing

Hooks can trigger anything from auto-staking, to yield harvesting, to delta-neutral hedging flows.

This turns vaults from static wrappers → into dynamic coordination layers.

2️⃣ Routing Engine = Capital Programming Layer

The vault routing engine is like an intent router, but for $BTC.

Think of it as programmable liquidity plumbing:

+ A user deposits $BTC.
+ A vault routes it into protocol-specific strategies.
+ Returns are harvested, compounded, or re-routed.

All modular. All protocol-defined. No need to redeploy new vaults each time.

This means you can build strategies like: → Stake $BTC → auto-roll into Pendle → route back via vault hook

The vault becomes the hub.

3️⃣ Composability Without Bridging

Bridged $BTC was always a liability:

+ Counterparty risk
+ Fragmented liquidity
+ One-way flows

Vault-native $BTC solves this.

No wrapped assets.
No custodial bridges.
No fragmented liquidity across $wBTC, $tBTC, $oBTC.

With $LBTC, capital lives within the vault layer.
Routing happens in-protocol, not across synthetic layers.

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➩ My Take

$LBTC isn’t solving for “yield-starved $BTC.”
It’s solving for composability-starved $BTC. And vault routing is the unlock.

If this routing engine becomes the standard, $BTC becomes a first-class asset in DeFi, not a bridged afterthought.