Lombard’s Private Market Maker (PMM) module is one of those smart contract innovations designed for real-world utility, especially for onboarding retail BTC holders into $LBTC across popular chains.

By deploying the PMM on chains like BNB Smart Chain, @Lombard_Finance allows users to swap BTCB and other wrapped BTC assets into LBTC with a seamless, controlled process without compromising the integrity of its Bitcoin-backed reserves.

Every PMM has strict risk parameters to ensure that exposure to non-native BTC is minimal and temporary. The majority of LBTC continues to be backed by real BTC staked via Babylon, and that’s non-negotiable.

Functions like RemainingStake and RelativeFee keep the system transparent and predictable. You’ll always know how much capacity is left and what small fee applies to your swap, and with swap BTCB To LBTC, it’s a one-step atomic conversion.

But this module isn’t built for arbitrage games. It’s built to help retail users onboard smoothly, securely, and in alignment with Lombard’s long-term BTC-native thesis.