My BTC has been sitting in a hardware wallet for many years. I want to take it out and put BTC to work and generate yield.

But there's a saying in Web3: I covet others' altcoin yields, while they covet my BTC.

So I've always been hesitant. This concern of mine is likely shared by many BTC OGs and institutions in the industry.

Someone did an estimate showing that custodial institutions currently have $500 billion in idle BTC that can only sit there doing nothing.

So is there a way to generate yield without moving assets and without changing custody status?

There wasn't before, but now there is. @Lombard_Finance collaborating with @Bitwise is:

Promoting the adoption of Bitcoin Smart Accounts and driving the scalability of BTC yields.

Bitwise leverages its $15 billion AUM and traditional finance expertise to develop yield strategies combining DeFi and RWA.

While Lombard provides a collateral recognition mechanism without asset transfer, turning BTC from "dead money" into "yield-generating active money".

On the backend, Morpho provides stablecoin liquidity, allowing institutions to conduct lending with BTC.

This solution is called BSA, and its core is generating yield without changing BTC ownership.

Spot ETFs provided the key for BTC to enter institutional sight.

BSA creates the possibility for BTC to improve capital efficiency.

Whether for institutions or individuals, it would be hard to resist this operation where money stays in your own pocket, yet still generates returns.

🤤 I'm drooling just thinking about it. Once that $500 billion in idle funds becomes part of the Lombard ecosystem, Lombard's leading position in the BTC ecosystem will become increasingly solid.