Lombard (BARD)

Lombard is building onchain Bitcoin Capital Markets, to unlock the full potential of the most important asset of our generation through LBTC, Bitcoin’s leading yield-bearing asset.

Seed Round: $16M

Whitepaper

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Interest lvl

Medium

Updated: Aug 20, 2025

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User Rating

Medium

3/5 • 1 votes

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Ticker

BARD

Type

Utility-token

Token standard

ERC20

Registration year2024

Ecosystems

Bitcoin

What is Lombard

Lombard is a decentralized finance (DeFi) protocol that enhances Bitcoin's utility by integrating it into the DeFi ecosystem. Its primary offering, LBTC, is a liquid staked token representing Bitcoin, maintaining a 1:1 backing with BTC. LBTC allows holders to earn staking yields via the Babylon protocol while retaining liquidity for participation in various DeFi activities, such as lending, borrowing, and yield farming.

Lombard's DeFi Vault accepts LBTC, wBTC, and cbBTC deposits, automating yield management by allocating assets across multiple DeFi strategies to maximize returns. The protocol employs a security consortium and hardware-backed key management to ensure the safety of user assets.

Key Project Highlights:

• Product Innovation: Introduced $LBTC, the first yield-bearing Bitcoin asset, held by 260K users and available on 12 chains including Ethereum mainnet, Base, Sui, and BNB.
• Growth: Fastest-growing yield-bearing token in crypto history — $LBTC reached $1 billion TVL in just 92 days and onboarded over $2 billion net-new liquidity onchain.
• 100+ DeFi integrations: $LBTC is trusted collateral across lending, DEXs, restaking, and derivatives protocols including Aave, Pendle, Morpho and Spark.
• Market Leadership: Established $LBTC as the largest Bitcoin LST, commanding 57% of the market and ranking as the 4th-largest BTC derivative overall.
• Team Expertise: Built by veterans from Coinbase, Ripple, Deutsche Bank, Microsoft, Maple, Polychain, and Argent, with deep expertise across crypto, finance, and engineering.
• Backed by the Best: Raised $17M from prominent investors, including Polychain Capital, YZi Labs (formerly Binance Labs), and Franklin Templeton.