My BTC has been sitting in a hardware wallet for many years. I wanted to take it out to generate yields on BTC.

But there's a saying in Web3: I covet others' altcoin yields, while others covet my BTC.
So I've never quite dared to do it. I think this concern is shared by many BTC OGs and institutions in the industry.
Someone estimated that custodial institutions currently have $500 billion in idle BTC that can only sit there doing nothing.
So is there a way to generate yields without moving assets or changing custody status?
Previously there wasn't, but now there is. @Lombard_Finance and @Bitwise are collaborating to promote Bitcoin Smart Accounts adoption and expand BTC yield scalability.
Bitwise leverages its $15 billion AUM and traditional finance experience to develop yield strategies combining DeFi and RWA.
Lombard provides a collateral recognition mechanism that requires no asset transfer, transforming BTC from "dead money" into "yield-generating active money."
On the backend, Morpho provides stablecoin liquidity, enabling institutions to borrow and lend using BTC.
This solution is called BSA, and its core is generating yields while BTC ownership remains unchanged.
Spot ETFs provided the entry ticket for BTC into institutional sight.
BSA creates the possibility for BTC to increase capital efficiency.
Whether for institutions or individuals, it should be hard to resist an operation where money stays in your pocket yet continues to generate returns.
🤤I'm drooling anyway. When that $500 billion in idle funds all becomes part of the Lombard ecosystem, Lombard's leading position in the BTC ecosystem will become increasingly entrenched.