Yeliz Akmaca 
Lombard is an innovative project aiming to usher in a new era for the largest crypto asset by connecting Bitcoin with on-chain capital markets. Founded in 2024, Lombard pioneered Bitcoin’s integration into the DeFi ecosystem via LBTC (Liquid Staked Bitcoin). Today, LBTC is the largest Bitcoin LST (Liquid Staking Token) in the market.
Lombard develops a comprehensive infrastructure to unlock Bitcoin’s full potential. This ecosystem serves both individual investors and institutions, offering BTC assets, staking solutions, developer SDKs, and liquidity mechanisms.
Project Concept
While Bitcoin has long been recognized as a global store of value, it lacked staking and DeFi compatibility like Ethereum. Lombard Finance addresses this gap by producing LBTC tokens through Bitcoin staking. Key benefits:
- Enables trustless, decentralized Bitcoin staking.
- Provides a liquid Bitcoin standard via LBTC that generates yield and can move across chains.
- Integrates Bitcoin into DeFi protocols to create new liquidity flows.
Team & Founders
The Lombard team consists of experienced professionals from leading firms such as Polychain, Coinbase, Ripple, Maple, and Argent. Expertise areas include finance, blockchain engineering, staking infrastructure, and enterprise solutions.
Investors & Partnerships
Lombard is supported by both institutional investors and major crypto protocols.
Key partnerships:
- Exchanges & Institutions: OKX, Galaxy, DCG, Wintermute, Amber Group, Figment, P2P
- DeFi Protocols: Aave, Morpho, Maple, Pendle, Etherfi, EigenLayer
- This strong network positions Lombard as a sector leader in security and liquidity integration.
How It Works
The Lombard ecosystem is built around three main products:
LBTC (Liquid Staked Bitcoin)
- Token minted through Bitcoin staking, liquid across chains.
- Offers passive yield + DeFi utility.
Babylon Bitcoin Staking Protocol
- BTC holders earn rewards by staking on trustless, on-chain networks.
- Provides a secure, decentralized staking model.
BTCK (Bitcoin on Katana)
1:1 BTC-collateralized token for the Katana ecosystem.
Designed for fast mint and redeem processes.
Supporting Components
- Lombard Ledger (Consortium) → Security infrastructure
- CubeSigner (Cubist) → Multi-layer key management
- Chainlink CCIP → Cross-chain bridging solution
Governance
- Lombard prioritizes community and stakeholder participation:
- Decision-making via $BARD Token
- Voting on protocol upgrades and staking parameters
- Accelerating ecosystem decentralization
$BARD Token
$BARD is Lombard’s native token. While full use cases and distribution details remain limited, the “Airdrop Terms & Conditions” indicate its role within the ecosystem. Distribution occurs through an airdrop to select users.
Token & Economics ($BARD)
- Name: BARD
- Total Supply: 1,000,000,000 BARD
- Max Supply: 1,000,000,000 BARD
- Circulating Supply: 220,000,000 BARD
Use Cases
- Governance
- Ecosystem incentives
- Liquidity provision and staking rewards
- Airdrop distribution
Features
- Bitcoin DeFi Integration: Enhances Bitcoin’s role in on-chain financial systems.
- Liquidity Provision: LBTC allows staked Bitcoin to remain liquid.
- Institutional Security: Partners include OKX, Galaxy, DCG, Wintermute, Amber Group, Figment, P2P.
- Developer-Friendly Infrastructure: Lombard SDK and Ledger tools facilitate Bitcoin integration.
Roadmap
- Launch LBTC & build security infrastructure.
- Babylon Staking integration for trustless BTC staking.
- Establish full Bitcoin capital markets (liquid products, SDKs, developer integrations, DeFi partnerships).
Official Links
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