Lombard Finance has launched its "Bitcoin On-Chain Credit Strategy," partnering with global trading firm Flow Traders as the pilot participant. This innovative product allows Flow Traders to borrow stablecoins for market making without the need for on-chain collateral. The strategy utilizes Bitcoin deposited into Lombard's Bitcoin Earn yield product, which is underwritten through Cap's private credit platform. The Bitcoin Earn product enables users to deposit various Bitcoin tokens, including LBTC, BTC.b, WBTC, or native BTC, into a vault managed by Sentora and powered by Veda infrastructure. In return, users receive BTCe receipt tokens. The Bitcoin On-Chain Credit Strategy is part of a broader meta-vault structure within Bitcoin Earn, designed to optimize Bitcoin yield allocations.