GitHub
Project Overview
Lombard is a DeFi protocol focused on transforming idle Bitcoin into a productive financial asset through LBTC, a liquid staked token built on Babylon. The protocol aims to unlock Bitcoin's potential in DeFi by enabling holders to earn yield through network security provision while maintaining access to their asset's value, with the goal of channeling a portion of Bitcoin's $1.5 trillion market cap into DeFi ecosystems.
The project is incubated by Polychain Capital, which led a $16 million seed round in July 2024, and is built by a team of DeFi experts from companies like Polychain, Babylon, Argent, Coinbase, and Maple. Named after London's historic financial district, Lombard aims to create a modern financial hub connecting participants to DeFi opportunities.
Tutorial
Lombard Finance Guide
Guide for staking BTC and earning Lombard Lux points for potential future rewards.
Staking Process
- Visit Lombard dApp
- Connect wallet
- Click "Stake BTC"
- Stake via provided BTC address or wallet
Earning Opportunities
- Receive LBTC tokens for staked BTC
- Earn staking yield
- Collect Lombard Lux points
- Provide LBTC liquidity for point multipliers
- Use Gearbox Protocol for 3X boosted Lux through Babylon