Lombard LBTC (BARD)
LBTC is a yield-bearing Bitcoin asset, 1:1 backed by native bitcoin, combining an institutional off-chain yield strategy with yield denominated in Bitcoin and full composability across DeFi. LBTC targets a 2.5% APY generated by an off-chain covered-call options strategy managed by Bitwise Investment Manager, LLC. LBTC is deeply integrated as collateral across DeFi applications on 10+ chains, allowing holders to earn yield and access liquidity. LBTC is secured by a multi-institution Security Consortium, and qualified custodians including Anchorage and Kraken.
TVL by chain
| Chain | TVL | Share |
|---|---|---|
| Bitcoin | $679.44M | 100.0% |
About Lombard LBTC
Lombard LBTC is a restaked btc protocol deployed across 2 chains, led by Ethereum, Bitcoin. Total value locked measures the assets currently deposited in its smart contracts — see our TVL definition for how to interpret it. Compare Lombard LBTC against the wider market on the live protocol rankings, or explore current yields across DeFi.
Official website: https://www.lombard.finance/app/stake/?referrer=ssybnl