what's lombard finance?
Lombard Finance is a DeFi protocol that activates Bitcoin onchain, enabling its use as productive collateral in decentralized finance through yield-bearing assets like LBTC. It provides infrastructure for holders, protocols, and platforms, secured by a consortium of digital asset institutions for enhanced security and interoperability. The platform focuses on bridging Bitcoin to capital markets, supporting staking, cross-chain functionality, and institutional-grade tools.
CoolWallet campaign launched; 260k+ holders, $3B BTC minted, 21k+ BTC staked, $1M+ revenue.
contract
ethereum
binance-smart-chain
Launched a 30-day CoolWallet integration campaign from 2026-01-05 to 2026-02-03 offering 5x Lux points multiplier for stakers.
Reached 260,000+ unique holders and minters.
A single wallet executed a $28 million swap from WBTC to LBTC in one transaction using Safe.
Reached approximately $1 billion in BTC TVL on Pendle at its peak during the BTC LRTs airdrop farming phase.
15 million BARD airdrop scheduled for current season end, earned through Lux points accumulation campaigns.
Raised approximately $6.75M with full TGE unlock, with $BARD token maintaining 2x above public sale price despite initial sell pressure.
BTC.b becomes native collateral asset on Stable network for USDT0 borrowing and earns 10,000 LUX per BTC.b rewards on Morpho for 21 days following Stable's mainnet launch.
$3B+ in Bitcoin infrastructure now integrated with Story's IP rails for securing intellectual property rights and settlement in Bitcoin.
Integration with Story's IP rails allows users to collateralize deals, secure payouts, and enforce royalty claims using BTC.
@stable adopts Chainlink CCIP with cross-chain LBTC transfer support live from Day 1.
LBTC participates in a Curve Bitcoin Converter pool on Monad with 30k daily MON incentives, $2.3m TVL, and approximately 15% yields, with rewards distributed through Merkl.
Superlend offers LBTC lending with 26.18% net APR and 9x LUX rewards on LBTC-WBTC pair at 3x leverage, compared to Lombard Finance's 4x LUX maximum on vaults.
Lombard dashboard adds BTC.b metrics displaying $394M TVL and 76.53% DeFi utilization rate, with total platform TVL of $1.37B across both LBTC and BTC.b.
LBTC/USD price feed is now live on Monad network alongside other major crypto assets.
Over 330 BTC.b deploys on Katana with integrations into Sushi and Morpho, featuring native minting and redemption for real BTC.
Lombard Finance integrates at the protocol level with Katana L2, featuring chain-owned liquidity recycled into user yield and revenue from VaultBridge yield alongside other sources.
The Native BTCFi Summit with Babylon kicks off in Buenos Aires with Lombard among builders from LayerZero, 1inch, Beefy, Bitgo, Ankr, Boundless, P2P, and CoinEx for discussions on Bitcoin DeFi infrastructure and development.
LBTC is now available on Sui Network as one of the Bitcoin variants for BTCFi activities on the platform.
Anchorage Digital adds institutional custody and staking support for LBTC on Starknet.
Cap Money uses LBTC as collateral alongside WBTC and wstETH in its $50M collateral pool that backs operator loans for the cUSD stablecoin.
Veda Labs powers onchain vaults for Lombard, alongside other projects including Plasma and Lido.
$BARD token unlock of $7.62M scheduled for next week.
$BARD staking reaches 2,273 stakers with 1.68 million tokens staked (0.8% of circulating supply), representing a 117% volume increase. Top 10 stakers control 64.6% of the staked supply.
Institutional partners Cap Money and Canton Network onboarded to the platform.
LBTC liquidity pools now available on Carbon DeFi platform on TacBuild network with APRs ranging from 77% to 177%, rewards distributed via Merkl for liquidity within ±2% of market price.
BTC.b expansion plans now include Katana network. Development of unified Lombard SDK underway to onboard new assets and ensure security.
BTC.b expansion plans now include deployment to MegaEth blockchain in addition to previously announced Ethereum and Solana chains.
BTC.b integration with Lombard features 80+ integrations powered by Chainlink CCIP, is live on 68 dApps, and adopted by Binance and Bybit exchanges. The integration enables cross-chain availability on Ethereum and Solana beyond Avalanche.
Round 4 yield farming on Carbon DeFi (TAC Build) runs through January 1 with 31-94% APRs on LBTC/USDT and LBTC/WETH pairs, distributed via Merkl.
Integration with Botanix ecosystem completed in October, with Lombard Finance providing deep markets functionality alongside other DeFi partners.
Integration with Story Protocol announced, enabling Bitcoin-backed payments and rights guarantees for creators with $3B+ in BTC infrastructure unlocked.
Lombard completes acquisition of BTC.b with $550M TVL, marking the first on-chain asset acquisition and consolidating all BTC.b activity (swaps, bridges, trades) into Lombard's revenue loop with Lombard's FDV at $1.3B.
Cohort 2 Ambassadors join the project as part of its ambassador program expansion.
LBTC launches on Morpho Labs markets via DFS with LBTC/USDC and LBTC/cbBTC pairs on Ethereum mainnet, offering 1-tx looping functionality and automation.
LBTC Basis Vaults on Derive platform currently yield 20% APY.
Amber Group joins the Lombard Finance Security Consortium as a partner to collaborate on Bitcoin infrastructure development.
BTC.b upgrade to Cross-Chain Token (CCT) standard complete, enabling users to move BTC.b natively across Avalanche, Ethereum, and Katana with Chainlink CCIP securing cross-chain transactions.
Partnership with Ava Labs transfers BTC.b infrastructure and operations to Lombard Finance, with plans to transition BTC.b to LBTC architecture and expand across multiple chains with institutional custody support, developer SDK integration, and DeFi yield vaults. BTC.b is one of the largest bridged BTC assets in DeFi currently only on Avalanche.
On Jupiter lending, LBTC achieves $80.2m supply and $40.1m in USDC borrows, becoming the top BTC-based collateral asset with supply rate of 0.6% and borrow rate of 3.5%.
New partnerships expand LBTC across multiple ecosystems: Starknet integration for Layer 2 BTCFi, Jupiter introduces LBTC as lending asset on Solana, Katana launches BTCK-LBTC pool with 20m KAT rewards on OKX wallet, and Cap Money enables institutional USD loans through LBTC restaking via Symbiotic. Resolv Labs integration now represents $1.5b of LBTC as collateral in stablecoin markets.
MMTFinance launches Phase 2 liquidity mining program featuring LBTC-WBTC pool on Sui blockchain, running October 25 to November 15 with APR boosts up to 200% and USDC rewards.
Rewards Round 4 goes live October 24 through January 1 on Carbon DeFi for LBTC/WETH and LBTC/USDT pairs with TAC rewards distributed via Merkl.
LBTC deposits into Spark protocol doubled in the past month, growing from approximately $150 million to $300 million.
LBTC-wBTC liquidity pair is available on Momentum Finance (MMT) on Sui Network as part of an active presale campaign requiring $3,000+ LP with snapshot on October 25, 02:00 UTC.
The Galxe campaign for Deed NFTs ends October 24th on a First Come First Served basis and may close before the deadline.
$BARD perpetual futures launch on Kraken Pro with up to 20x leverage. Partnership enables Bitcoin-backed infrastructure for IP, allowing collateralization of deals, payouts, and royalty claims in BTC.
LBTC integrates into Resolv Labs' BTC Cluster, enabling Bitcoin to be used as active, yield-bearing collateral within stablecoin markets.
Integration with Resolv enables LBTC to be used as collateral for stablecoins, with Resolv planning to stake over 1,300 BTC in the initial phase.
A Galxe campaign distributes 1,000 Deed NFTs across 5 projects including Lombard Finance (200 NFTs each), with eligibility requiring 0.0002 BTC staking on SUI via Lombard and $10+ liquidity addition on Momentum through Buidlpad verification.
Liquidity mining program on Carbon DeFi (Tac Build platform) includes LBTC with rewards exceeding 100% APR through October 23rd, distributed via Merkl for liquidity within ±2% of market price.
Lombard Finance participates in Blueprint Episode 2 webinar co-hosted by MMTFinance and Sui Network at 13:00 UTC, discussing BTCFi protocols, yields, and liquidity strategies on Sui.
Partnership with MMTFinance enables BTCFi pools on Sui network with yields up to 120% APR.
Lombard Finance airdrop distribution occurred in September with at least one participant receiving $4000 worth of tokens.
Lombard has moved over $3B worth of Bitcoin as net-new liquidity across 13 blockchains, with current yields of approximately 1% APY base rate plus 3% APY from DeFi Vault strategies managed by Veda.
An active OKX Wallet Boost campaign distributes 2.6M $BARD rewards and has attracted 44K+ participants.
Lombard Finance expands to DogeOS ecosystem, bringing Bitcoin liquidity through LBTC to provide DeFi and yield opportunities for DogeOS users.
First day trading volume reaches 160 million, with buying demand significantly outpacing selling pressure despite having the highest sell pressure among recent new token launches.
$BARD launched with day 1 listings on tier 1 exchanges Coinbase, Binance, and Upbit. LBTC is expanding to Solana and achieved 100M TVL within 3 weeks of launch on the network.
Derive's basis trading vaults report 14.88% APR on lBTC over the past month, demonstrating strong yield performance in third-party DeFi protocols.
TGE occurred September 18th with initial 40% price drop to $0.89 followed by strong recovery to $1.52 on September 23rd with record 849M volume spike, currently consolidating around $1.27. On-chain data shows 94M tokens moved to exchanges initially with holder base stabilizing at 44,787 addresses.
$BARD surges 40% in a single day with 24-hour trading volume approaching $1 billion, while the token's FDV peaks at $1.5 billion amid strong post-launch momentum.
BTC deployment on Botanix for DeFi vault operations is confirmed while Genesis Vault launches September 25, 2025 4:00 PM with limited NFT rewards for early stakers.
BARD staking shows low participation with only 772,577 tokens staked (0.34% of circulating supply) among 1,388 stakers, with top-50 holders controlling 81.1% of all staked tokens.
A staking strategy offers 47% APR with hints of increased rewards and potential airdrops next month.
OKX lists $BARD on spot markets while a new "Wallet Boost X Launch" product ships, and the project confirms upcoming participation in Token2049 and Alphas Summit conferences in Singapore.
Binance lists $BARD on spot markets with 2,200,000 token voucher rewards while pre-open trading goes live ahead of 11:30 AM UTC launch.
$BARD token has launched and is trading with a fully diluted valuation of approximately $1.4 billion. LBTC is confirmed listed on Bybit today with plans to be used as collateral in futures markets while accruing native yield.
Premarket trading shows 2x increase from presale price with current price over $1, while Binance Alpha users receive additional 100 BARD token allocation. Current metrics show 57% BTC LST market dominance, $1B TVL achieved in 92 days with 260K holders across 12 chains, and $600M+ in active vault strategies.
OKX exchange lists futures trading for the token.
LBTC will be accepted as collateral for futures trading on a major perpetual exchange, enabling institutional participation.
Binance announces BARD as its 41st HODLer Airdrop project, allocating 1% of total supply (10 million tokens) to BNB stakers, with trading beginning September 18 at 11:00 UTC across multiple pairs including USDT, USDC, BNB, FDUSD, and TRY.
Token allocation checker launches showing 1B total supply, 22.5% TGE circulation, and structured community airdrop of 5.5% distributed across Season 1 (4.0%), Season 2 (1.5%), and Kaito event (0.18%).
MegaETH Labs announces partnership with the project as their day-one BTC partner. Kaito campaign rewards are now live and the public sale was oversubscribed.
Bitget exchange joins the September 18th listing alongside previously announced exchanges, while LBTC reportedly holds 57% market share in the yield-bearing Bitcoin sector.
OKX wallet launches a Boost campaign with over 2.6M+ $BARD tokens allocated, set to begin in a few hours.
Season 1 point holders receive 4% rewards, with Season 2 post-TGE incentive program announced alongside dedicated token allocation for rewards.
BARD token economics revealed with linear airdrop structure (50% upfront, 50% locked for 6 months), 20% foundation allocation, 48-month team/investor vesting, and unified utility across all ecosystem products including LBTC, Vaults, and Lombard Ledger.
The airdrop eligibility checker is now live with claims opening September 18th, featuring a 50% token unlock at TGE and remaining 50% unlocked six months later.
Bybit Spot will list $BARD token on September 18th at 11AM UTC.
Announces 3-way integration with Chainlink CCIP and Symbiotic to secure cross-chain LBTC transfers, creating the first BTC bridge combining CCIP messaging, Symbiotic restaking, and LBTC native yield.
The airdrop checker becomes available tomorrow with claims opening on the 18th.
BARD token is set to launch on OKX Boost's second phase X Launch program on September 17th.
MEXC exchange will list $BARD token on September 18th.
$BARD achieves record $95M in contributions on Buildpad fundraising platform. LBTC currently captures ~40% of the BTC LST market with $1.5B TVL.
The TGE date announcement is expected very soon, with the claim page recently registered.
The protocol is conducting a community sale with $USD1 token participation.
MegaETH has officially designated the protocol as its primary Bitcoin partner ahead of the mainnet launch, representing an elevated status from their previously announced partnership.
Partnership with Mega announced to improve BTC DeFi user experience, making BTC transactions feel like CEX interactions, with additional collaboration involving hotpot_dao.
A yield farming strategy on Kamino Finance allows users to supply LBTC as collateral and earn 21.37% incentives on borrowed USDC.
Kamino Finance integrates LBTC as Solana's first Bitcoin LST, offering yield opportunities, collateral usage, and $10K monthly USDC rewards.
Lombard Finance expands to Neutron blockchain as yield vault provider for upcoming Bitcoin vaults launch.