Lombard
Bringing Bitcoin to life onchain for people, protocols, and platforms.
Lombard is a DeFi protocol that allows Bitcoin holders to stake their BTC and mint LBTC, a liquid, yield-bearing Bitcoin token. LBTC accrues native BTC-denominated yield by staking the underlying BTC through Babylon's Bitcoin Staking Protocol, which secures multiple proof-of-stake networks. The token remains fully composable across DeFi applications including money markets, liquidity pools, and structured products.
Users stake BTC and mint LBTC; the underlying BTC is staked via Babylon's protocol to secure proof-of-stake networks, and the governance token rewards are converted to BTC and automatically reflected in the LBTC token value.
Bitcoin holders, DeFi users, and institutional investors seeking yield on their BTC
Background.
- Status
- launched
- Business model
- unknown
- Company
- Lombard
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