What is Lombard Finance?
Lombard Finance is a protocol focused on transforming Bitcoin from a passive store of value into a productive asset within decentralized finance (DeFi). Recognizing Bitcoin’s dominance as the world’s largest cryptocurrency, Lombard aims to unlock its untapped potential by bridging its economic value with DeFi ecosystems, enabling Bitcoin holders to actively participate in staking and yield-generation opportunities.
Lombard’s flagship product, LBTC, is a secure Bitcoin liquid staked token (LST). LBTC allows users—ranging from individual Bitcoin holders to institutions—to earn native staking yields by contributing to the security of networks like Babylon. At the same time, it provides seamless integration with DeFi platforms, maintaining the value of the original Bitcoin asset while opening up access to yield opportunities.
DeFi with LBTC
Native Restaking
Lombard leverages strategic partnerships with innovative platforms to enhance the utility of Bitcoin and its liquid staked token, LBTC, through restaking. This process allows LBTC holders to maximize their yields while contributing to the security and efficiency of networks, protocols, and decentralized applications. Here’s how restaking works across different platforms:
- Symbiotic
Symbiotic is a shared security and restaking protocol designed for modular and permissionless staking implementations. It facilitates capital-efficient, multi-asset, and cross-network restaking while prioritizing safety with non-upgradable core contracts. LBTC holders can restake on Symbiotic, contributing to network security and earning rewards such as Lombard Lux, Symbiotic Points, and Babylon Points.
Rewards: 2x Lombard Lux, 1x Symbiotic Points, 1x Babylon Points
- Karak
Karak introduces multi-asset restaking, a cryptoeconomic primitive that enables users to enhance security for Ethereum and beyond. LBTC holders can provide universal security across networks while earning boosted rewards. Karak's focus on multiasset restaking aligns well with Lombard's mission to amplify Bitcoin’s role in decentralized infrastructure.
Rewards: 2x Lombard Lux, 2x Karak Points, 1x Babylon Points
Stake LBTC on Karak
- Satlayer
Satlayer positions Bitcoin as a Bitcoin Validated Service (BVS), enabling LBTC holders to support dApps and protocols by providing cryptoeconomic security. This integration ensures Bitcoin plays an active role in securing decentralized ecosystems.
Rewards: 2x Lombard Lux, 1x Satlayer Rewards, 1x Babylon Points
Stake LBTC on Satlayer
- Pell
Pell enables multi-network restaking of Bitcoin Liquid Staking Derivatives (LSDs). LBTC holders can participate in this ecosystem to earn diversified rewards while contributing to the security of decentralized systems across networks.
Rewards: 2x Lombard Lux, 1.15x Pell Points, 1x Babylon Points
Restake LBTC on Pell
Liquid Restaking
- ether.fi
Ether.fi expands its Ethereum-based restaking capabilities to the BTC Liquid Restaked Token (LRT) ecosystem through LBTC. In collaboration with Lombard, ether.fi offers eBTC, allowing users to onboard restaking platforms like Symbiotic and future integrations with Karak and EigenLayer. This partnership simplifies user access to Bitcoin restaking and enhances liquidity and yields.
Rewards: 2x Lombard Lux, 1x Babylon Points, 1x Symbiotic Points, 3x ether.fi Points, 3x Veda Points
Restake LBTC into eBTC on ether.fi
By integrating with these platforms, Lombard unlocks Bitcoin’s potential, bridging it into broader DeFi and staking ecosystems while ensuring robust security and diversified rewards for participants.
Lombard announced the successful closure of a $16 million seed funding round to develop the Bitcoin restaking ecosystem in collaboration with Babylon.
